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Pharmaceutical

Largest drug companies profited more than $700 billion in decade, analysis estimates

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The 11 largest drug companies took $711.4 billion in profits over the 10 years ending in 2012, according to an analysis of corporate filings by Health Care for America Now (HCAN).
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Titan Pharma's opioid dependence treatment recommended for approval

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The Psychopharmacologic Drugs Advisory Committee (PDAC) of the U.S. Food and Drug Administration (FDA) has recommended the approval of a new treatment for opioid addiction by Titan Pharmaceuticals, called Probuphine.
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FDA looks into link between diabetes drugs and pancreatic cancer risk

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The U.S. Food and Drug Administration (FDA) is investigating a possible link between a number of commonly used diabetes drugs and pre-cancerous changes to the pancreas.
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Bayer confident of business growth with new drugs

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German chemical and pharmaceutical giant Bayer has developed an ambitious program that aims to cement the company's position among the leading names in the global pharmaceutical industry.
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Reckitt hit by FDA approval of rival drugs

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The U.S. Food and Drug Administration (FDA) has given the green light to two generic versions of Suboxone, a drug used for treating heroin addiction, manufactured by Reckitt Benckiser.
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New drugs launched in UK on the rise

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Recent research by a team of scientists at Birmingham University in central England has dismissed fears that British patients might have to cope with a shortage of drugs.
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Merck to pay $8.5 million to settle Vioxx case in Pennsylvania

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New Jersey-based pharmaceutical giant Merck & Co. has agreed to pay $8.5 million to the state of Pennsylvania to settle allegations that it inappropriately marketed its painkiller Vioxx.
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Engineer suffers chemical burns at GlaxoSmithKline plant

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A 20-year-old engineer suffered chemical burns Tuesday in an industrial accident at a GlaxoSmithKline (GSK) plant.
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Asia offers big business opportunities to pharma companies

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Asia is emerging as a strategically important location for global pharmaceutical companies that are looking to take advantage of the opportunities available in terms of R&D, manufacturing and market.
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Pharm industry sales to top $1.2 trillion by 2016

Globalization impacts demand and production of pharmaceuticals
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Pharmaceutical manufacturers today face a considerable checklist of significant challenges, including the fight against counterfeiting, reducing costs through offshore manufacturing and maintaining product integrity.
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