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Eli Lilly to buy SGX Pharmaceuticals for $64M
July 9, 2008
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According to the Associated Press, drug developer Eli Lilly and Co. will buy SGX Pharmaceuticals for about $64 million in cash in an effort to expand its drug discovery efforts,
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Fresenius paying $3.7B for US drugmaker APP
July 7, 2008
According to the Associated Press, Fresenius SE said recently it has agreed to buy U.S. generic drug maker APP Pharmaceuticals for $3.7 billion in cash in a deal that
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Jury: 2 drug firms owe Ala. $114M in price fraud
July 2, 2008
According to the Associated Press, a state court jury recently found two major pharmaceutical companies defrauded Alabama in a long-running Medicaid drug pricing scheme and ordered the firms to pay
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Drug maker Mylan makes Puerto Rico cuts
June 27, 2008
According to the Associated Press, generic drug company Mylan Inc. is cutting jobs at a plant in central Puerto Rico.City of Caguas spokesman Carlos Rosario said recently that 100 jobs
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Pfizer agrees to settle pollution claims
June 25, 2008
The Associated Press is reporting that Pfizer Inc., the world''s largest drugmaker, has agreed to pay a $975,000 civil penalty to resolve alleged violations of the Clean Air Act at
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Johnson & Johnson buys Swedish diagnostic test developer
June 23, 2008
The Associated Press is reporting that a Johnson & Johnson unit recently bought a Swedish company that develops technology for faster diagnostic tests of patient blood samples. J&J, one of
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Merck plans to invest $300 million in Durham, NC
June 20, 2008
According to the Associated Press, pharmaceutical company Merck & Co. plans to create up to 180 jobs by expanding its vaccine manufacturing facility in Durham.Gov. Mike Easley said in a
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Sanofi Aventis plans $2.56B bid for generics maker
June 18, 2008
According to the Associated Press, French pharmaceuticals maker Sanofi-Aventis SA said recently it''s planning a takeover bid for Zentiva that values the Czech generic drugs maker at $2.56 billion.Sanofi-Aventis, which
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Safeway Hops on $4 Generic Bandwagon
June 13, 2008
According to the Wall Street Journal, Safeway is the latest company to start selling selected generics at $4 for a month’s supply.The Washington Post reported that the supermarket chain is
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GlaxoSmithKline cuts about 350 R&D jobs
June 12, 2008
The Associated Press is reporting that GlaxoSmithKline PLC, the world''s second-largest drugmaker, said recently it is cutting 350 jobs, or around two percent of its research staff, as part of
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