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Pharmaceutical

Pharmaceutical industry donates 14 billion treatments to eliminate NTDs

GENEVA, Switzerland — On Monday, the research-based pharmaceutical industry announced donations of 14 billion treatments this decade to support the elimination or control of nine key neglected tropical diseases
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US Justice Department files consent decree in Ranbaxy case

WASHINGTON — The U.S. Justice Department filed a "ground-breaking" consent decree in court for a permanent injunction mandating Indian drug-maker Ranbaxy to adhere to U.S. manufacturing standards and ensure
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Synutra provides government testing results regarding infant formula safety

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Watson buys Strides'' Australia unit for $396 mln

BANGALORE and MUMBAI — U.S.-based Watson Pharmaceuticals Inc said it bought the Australian and South East Asian generic drugs business of Strides Arcolab for A$375 million, reports Reuters.
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Bristol-Myers Squibb donates $6.9 million to support cancer patients

PRINCETON, N.J. — Bristol-Myers Squibb Company today announced a donation of $6.9 million to support the HealthWell Foundation, an independent non-profit organization that provides financial assistance to eligible individuals
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Former research chemist pleads guilty to stealing trade secrets

TRENTON, N.J. — A former Sanofi-Aventis research chemist has pleaded guilty to stealing trade secrets, CourierPostOnline.com reported. Yuan Li, a 29-year-old Chinese national, admitted to accessing, downloading and making
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Bristol-Myers Squibb to acquire biopharm company

NEW YORK — Bristol-Myers Squibb has agreed to acquire biopharmaceutical company Inhibitex for $26.00 per share, according to a press release. The transaction, with an aggregate purchase price of
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J&J knowingly sold defective insulin pumps, FDA says

WASHINGTON — The Food and Drug Administration has accused Johnson & Johnson’s Animas unit of continuing to sell insulin pumps last year after learning of defects with the devices,
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Novartis recalls over-the-counter drugs

BASEL, Switzerland — Novartis announced Sunday that it is recalling a number of over-the-counter drugs, including certain bottles of Excedrin and Bufferin, due to complaints about chipped and broken
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Pfizer ordered to pay $45 million in menopause drug case

NEW YORK — An appeals court has ordered Pfizer Inc. to pay more than $45 million in damages to two women who claimed they developed breast cancer after taking
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