View Cart (0 items)

Pharmaceutical

Merck to Cut 13,000 Jobs

No Comments
According to Reuters, Merck & Co. plans to cut another 12,000 to 13,000 jobs by late 2015 to wring out additional annual cost savings of up to $1.5 billion that
Read More

Bristol-Myers Profit Falls but Sales Jump 14 Percent

No Comments
The Associated Press reports that Bristol-Myers Squibb Co. said its second-quarter profit fell nearly 3 percent due to higher taxes and increased costs for production, marketing and administration. Those were
Read More

Class Action Lawsuit Filed Against Novo Nordisk

No Comments
A class action lawsuit has been filed against pharmaceutical company Novo Nordisk on of behalf drug sales reps for alleged overtime wage and hour violations. According to the wage
Read More

Raptor Pharmaceutical Drug Meets Goal in Clinical Trial

No Comments
Shares of Raptor Pharmaceutical Corp. retreated from annual highs Monday after the company said its most advanced drug candidate met its main goal in a late-stage clinical trial, according to
Read More

GlaxoSmithKline-Pfizer AIDS Pill May Surpass Bristol’s

No Comments
According to Bloomberg, a drug developed by GlaxoSmithKline and Pfizer controlled HIV faster and more safely than Bristol-Myers Squibb’s Sustiva in a study, suggesting the experimental medicine may one day
Read More

Teva Completes Acquisition of Third Largest Generics Company in Japan

No Comments
Business Wire reports that Teva Pharmaceutical Industries Ltd. has completed the acquisition of Taiyo Pharmaceutical Industry Co. Ltd. for $934 million in cash. Taiyo is the third largest generics manufacturer
Read More

Johnson & Johnson Sued Over Sales Deal for Oral Cancer Product

No Comments
According to Reuters, Johnson & Johnson is being sued by Oral Cancer Prevention International, claiming the drug manufacturer interfered with a sales agreement related to the distribution of an oral
Read More

New Rum Distillery to Open in Central Puerto Rico

No Comments
A new rum distillery will open in a former pharmaceutical plant in central Puerto Rico, helping to offset the loss of Captain Morgan rum from the island, according to the
Read More

Wyeth Had Illegal Patents on Effexor Per Lawsuit

No Comments
The Associated Press reports that a federal lawsuit filed this week in Mississippi claims a major pharmaceutical company made millions of dollars by misrepresenting clinical data and using sham litigation
Read More

BioMarin to Buy Pfizer Plant

No Comments
Zacks Equity Research reports that BioMarin Pharmaceutical Inc.will acquire an integrated biologics manufacturing plant from Pfizer Inc., which will expand its manufacturing capacity to manage its product portfolio and its
Read More