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Pharmaceutical

335 Eli Lilly employees accept buyout offer from drug maker

May 12, 2008
According to the Associated Press, a total of 335 Eli Lilly and Co. employees have accepted voluntary buyouts from the drug maker, and their jobs will end June 30, a
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Astra''s Symbicort patent revoked

May 7, 2008
The Associated Press is reporting that AstraZeneca PLC said that a European patent has been revoked covering the use of its Symbicort medicine as a treatment for a condition commonly
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Pfizer''s Lipitor has no effect on Alzheimer''s disease

April 21, 2008
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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