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Pharmaceutical

Merck to pay $24 million to settle Medicaid fraud lawsuit

BOSTON — Merck & Co. has agreed to pay $24 million to settle allegations that it overcharged the Massachusetts state Medicaid program, The Boston Globe reported. The settlement represents
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Pfizer’s failed blood-cancer drug helped leukemia patients, study finds

SAN DIEGO — According to a study released Wednesday at the American Society of Hematology meeting in San Diego, Pfizer Inc.’s blood-cancer drug Mylotarg, which was pulled from shelves
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FDA: Bayer must update Yaz warning labels

EAST ST. LOUIS, Mo. — An independent FDA panel has voted 21-5 to require Bayer AG to update warning labels on its popular birth control Yaz to reflect new
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Pfizer elects Ian Read as chairman of the board

NEW YORK — Pfizer Inc. announced Monday that its Board of Directors has elected current President and CEO Ian Read as chairman of the board, according to a press
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Merck to establish R&D headquarters in Beijing

BEIJING — Pharmaceutical company Merck & Co. announced plans to establish an Asian R&D headquarters in Beijing and commit $1.5 billion to research and development in China over the
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Parents claim Zoloft caused birth defects

ST. CLAIR COUNTY, Ill. — A recently filed lawsuit against Pfizer claims the ingestion of Zoloft during pregnancy led eight different couples to parent children with various birth defects,
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Onyx Pharmaceuticals considers sale

SAN FRANCISCO — Onyx Pharmaceuticals Inc., known for its kidney-cancer treatment Nexavar, is exploring options, including a possible sale, according to Bloomberg. Potential buyers are studying Onyx''s business and
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Pfizer to acquire Excaliard Pharmaceuticals

NEW YORK and SAN DIEGO — Pfizer Inc. and Excaliard Pharmaceuticals, Inc. announced today that they have entered into a definitive agreement under which Pfizer will acquire Excaliard, a
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Bayer sells Mishawaka, Ind., manufacturing site to Siemens

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Bayer aims to increase sales in Asia by 60 percent

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