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Pharmaceutical

Allergan Loses $212 Million Lawsuit Over Botox Side Effects

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According to Bloomberg, Allergan Inc. was ordered by a Virginia jury to pay $212 million to a 67-year-old man who said he got permanent brain damage after being injected with
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SEC Probing Ex-Berkshire Executive Sokol

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According to Reuters, the Securities and Exchange Commission is probing former Berkshire Hathaway executive David Sokol, who has been under scrutiny for his trading in Lubrizol, a person familiar with
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Abbott Labs Sued on Montana Woman''s Claim Humira Caused Nerve Damage

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Bloomberg reports that Abbott Laboratories is being sued on claims that its top-selling drug Humira caused permanent nerve damage in the feet of a Montana woman who took it for
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Patient Dies in Pfizer Oral RA Drug Study

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According to the Associated Press, Pfizer Inc., confirmed that one patient who was taking its drug candidate tofacitinib, a pill designed to treat rheumatoid arthritis, died during a recent clinical
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Dynavax to Receive $6 Million Payment from Glaxo

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Biotechnology company Dynavax Technologies Corp., will receive a $6 million milestone payment from partner GlaxoSmithKline after it started a study on a potential lupus drug, according to the Associated Press.
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Doctor Accused of Hedge Fund Insider Trading

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The Associated Press reports that an Ivy League-trained physician who became a health care hedge fund portfolio manager surrendered to face charges he evaded $30 million in losses for his
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Monsanto Company Announces $300 Million Debt Issue

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According to PRNewswire, Monsanto Company announced a 5-year, $300 million public debt offering. Notes will be issued at 99.787 percent and bear interest at 2.75 percent, resulting in a yield
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Merck Fails to Win FDA Approval on Gardasil Use in Older Women

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Bloomberg reports that Merck & Co. has failed to win U.S. approval to expand use of the cervical-cancer vaccine Gardasil to older women. The FDA didn’t grant the company’s application
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Shire Files Lawsuit Against Watson Pharmaceuticals for Infringement

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According to PRNewswire, Shire LLC has filed a lawsuit in the U.S. District Court for the Southern District of New York against Watson Pharmaceuticals, Inc. and its subsidiaries Watson Laboratories,
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Abbott Ordered to Pay Glaxo $3.5 Million in Suit

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Abbott Laboratories must pay GlaxoSmithKline $3.5 million in damages for breaching an agreement over an AIDS drug, reports Bloomberg. The jury cleared the company of claims that it sought
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