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Pharmaceutical
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Pfizer''s Lipitor has no effect on Alzheimer''s disease
April 21, 2008
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According to the Associated Press, drug developer Pfizer Inc. said recently that adding its cholesterol drug Lipitor to the Alzheimer''s disease treatment Aricept had no impact on Alzheimer''s patients. The
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American Oriental, China Aoxing to jointly market pain drugs
April 16, 2008
Pharmaceutical company American Oriental Bioengineering Inc. said recently it will take a 38 percent stake in China Aoxing Pharmaceutical Company Inc. as part of a deal to jointly develop and
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Judge Awards Fees of $414M in Diet Case
April 10, 2008
According to the Associated Press, attorneys who worked on the mammoth fen-phen diet drug lawsuit were awarded nearly $414 million in additional legal fees by a federal judge who calculated
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Poultry Giants Battle Over Antibiotics
April 10, 2008
The Associated Press is reporting that Perdue Farms wants competitor Tyson to be more honest in its advertising.Salisbury-based Perdue Farms Inc. and Laurel, Miss.-based Sanderson Farms Inc. are asking a
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Wyeth to Invest $96M in Singapore Plant
April 7, 2008
The Associated Press is reporting that Wyeth said recently that it will pump $96 million into its Singapore nutritional manufacturing plant to expand the facility''s capacity by 50 percent.The pharmaceutical
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Federal Court Throws Out Patent Rules
April 2, 2008
The Associated Press is reporting that recently, a federal district court sided with GlaxoSmithKline PLC and struck down new patent rules the British drug maker argued were a threat to
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Biovail Execs Face SEC Charges; Company Settles
March 31, 2008
According to Reuters, the U.S. Securities and Exchange Commission said recently that Canada''s Biovail Corp will pay $10 million to settle a probe into fraudulent accounting, but the drugmaker''s founder,
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Alkermes to Cut 150 Jobs, Close Plant
March 20, 2008
Biotechnology company Alkermes Inc. said recently it will cut 150 jobs and close a manufacturing facility in Chelsea, Mass., the Associated Press is reporting.The restructuring stems from Eli Lilly &
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Lawmakers Push Pharma-Free Drug Pitches
March 12, 2008
According to the Associated press, drug sales representatives may face new competition in hospital halls and doctor offices -- from the federal government.Several states have launched educational campaigns to counteract
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Wyeth to Invest $280M in China Plant
March 10, 2008
Drug maker Wyeth said recently it will invest $280 million in a nutritional plant to be built in China, the Associated Press is reporting.The plant, which will be located in
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