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Pharmaceutical
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Barr settles Novartis suit
June 14, 2006
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The Associated Press reports that drug maker Barr Pharmaceuticals Inc. has agreed to pay $22.5 million to settle a lawsuit with a unit of Novartis, and said the payout will
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Abbott accused of inflating drug prices
May 23, 2006
The Justice Department is accusing Abbott Laboratories of vastly inflating prices of its drugs as part of a fraudulent billing scheme alleged to have cost government health programs more than
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Judge dismisses Merck shareholder suits
May 18, 2006
A federal judge has dismissed a group of shareholder lawsuits that charged Merck & Co. officers and directors with violating their duties by concealing the health risks of the company''s
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Pfizer shareholders reject call to oust board members
May 4, 2006
Shareholders of pharmaceutical company Pfizer Inc. rejected a call recently to oust some members of the company''s board for approving a deal to pay its chief executive officer as much
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Swiss biotech company withdraws sale offer
April 10, 2006
Swiss biotechnology company Serono, the focus of takeover speculation for months, said it was no longer up for sale because offers had fallen short of its value, the Associated Press
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Bayer outbids Merck for Schering
March 27, 2006
Bayer AG''s 16.3 billion euro ($19.6 billion) offer for drugmaker Schering AG was embraced by its target last week as German rival Merck abandoned its own takeover offer, the Associated
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Court hearing Vioxx case evacuated in alert
March 23, 2006
A courthouse in Atlantic City where a case is being heard against drug company Merck & Co. over pain-relieving drug Vioxx was evacuated March 22 after a suspicious device
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Casino workers to decide next Vioxx case
March 6, 2006
The Associated Press reports that Atlantic City casino workers will help decide whether drug manufacturer Merck & Co. is to blame for heart attacks suffered by two New Jersey men
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Merck cleared in first federal Vioxx case
February 20, 2006
A federal jury handed Merck & Co. a major victory last Friday, clearing the drug maker of any responsibility in the death of a 53-year-old Florida man who had a
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GlaxoSmithKline buys Croatian drug maker
February 20, 2006
Croatian drug maker Pliva recently sold its research and development center to GlaxoSmithKline PLC in a deal worth up to US$50 million (euro60 million). According to the Associated Press, Pliva
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