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Pharmaceutical

Abbott buying Advanced Medical for $1.36 billion

January 12, 2009
Medical products and drug maker Abbott Laboratories is buying Advanced Medical Optics Inc. for about $1.36 billion plus debt to expand its eye-care offerings, including laser vision correction, as reported
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Pfizer: U.S. ruling maintains Lipitor patent term

January 7, 2009
The U.S. Patent & Trademark Office issued a notice allowing Pfizer to correct a technical defect in one of the patents involving Pfizer''s cholesterol medicine Lipitor, the world''s top-selling
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Pfizer open to acquisitions

January 5, 2009
Pfizer is willing to acquire a large rival drugs company to improve its financial health, in a move that could trigger a fresh round of mergers within the sector. Pfizer’s
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Appeals court upholds protection of Plavix patent

December 15, 2008
Bristol-Myers Squibb Co. and Sanofi-Aventis SA announced that the U.S. Court of Appeals for the Federal Circuit upheld a lower court ruling validating the patent behind the blockbuster blood-thinner Plavix,
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Two new studies show malaria vaccine candidate advancing in Africa

December 8, 2008
Results published online in the New England Journal of Medicine revealed that the world''s most clinically advanced malaria vaccine candidate provides both infants and young children with significant protection against
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Pharmaceutical company cutting 40% of its staff

December 3, 2008
Titan Pharmaceuticals Inc. is cutting its staff by 40 percent, or about 17 people, to reduce costs and the company anticipates further cuts in coming weeks, as reported by the
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Johnson & Johnson announces definitive agreement to acquire Mentor Corporation

December 1, 2008
Johnson & Johnson and Mentor Corporation, a leading supplier of medical products for the global aesthetic market, have announced a definitive agreement whereby Mentor will be acquired for approximately $1.07
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Johnson & Johnson paying $438 million for Omrix

November 24, 2008
Johnson & Johnson will pay $438 million for Omrix Biopharmaceuticals Inc., in a move to expand its surgical product unit, as reported by the Associated Press. J&J will pay $25
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Nevada sues drug manufacturers for alleged deceptive trade practices

November 19, 2008
Pharmaceutical companies Wyeth and Pfizer Inc. were sued by Nevada''s attorney general for alleged deceptive trade practices in selling four hormone therapy drugs, according to the Associated Press. The lawsuit
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GlaxoSmithKline plans UK plant closure, more job cuts

November 12, 2008
The Associated Press reports that GlaxoSmithKline PLC is planning to close one of its English plants, which employs 620 people by 2013. The majority of drugs made at the plant
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