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Pharmaceutical

Pfizer Completes Buyout of King Pharmaceuticals

Pfizer Inc., the world''s largest drugmaker, has completed its acquisition of King Pharmaceuticals Inc. for $3.6 billion, according to the Associated Press. In January, Pfizer completed the tender offer for
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Mylan Gets FDA Approval for Generic Neurontin

Mylan Inc. said its Matrix Laboratories unit received Food and Drug Administration approval to market a generic version of Pfizer Inc.''s drug Neurontin, according to the Associated Press. Neurontin was
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Abbott Wins Reversal of J&J’s $1.67 Billion Patent Victory

Abbott Laboratories, maker of the arthritis drug Humira, succeeded in a bid to overturn a $1.67 billion patent-infringement verdict won by Johnson & Johnson. Bloomberg reports the 2009 verdict,
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Genzyme Will Write Down up to $23 Million for Layoffs

Biotechnology company Genzyme Corp., expects a new round of layoffs to result in charges of $16 million to $23 million, according to the Associated Press. Genzyme, which is being acquired
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Sanofi-Aventis to Buy Genzyme for $20 billion

According to the Associated Press, Sanofi-Aventis is buying specialty drugmaker Genzyme for $20.1 billion. Sanofi, the world''s fourth-largest drug maker, overcame Genzyme''s reluctance to a takeover by raising its previous
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Johnson & Johnson Recalls 70,000 Invega Syringes

The Associated Press reports a unit of Johnson & Johnson has recalled 70,000 syringes of its antipsychotic drug Invega Sustenna after finding that some of the pre-filled syringes may have
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Merck Wins First Fosamax Osteoporosis Drug State-Court Trial

Merck & Co. won the first of hundreds of state-court lawsuits in which its Fosamax osteoporosis drug is blamed for causing so-called jaw death, according to Bloomberg. Fosamax didn’t cause
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Pharmaceutical Conveying, Feeding System on Display at INTERPHEX 2011

K-Tron will exhibit the latest sanitary feeding and pneumatic conveying equipment and systems in Booth 3637 at Interphex 2011, March 29-31, at the Jacob Javits Convention Center in New
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Pfizer Told to Pay $10 Million Over Prempro Verdict

Bloomberg reports that Pfizer Inc. must pay more than $10 million in damages to an Arkansas woman who blamed her cancer on the company’s Prempro menopause drug, after an appeals
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GlaxoSmithKline Adds Safety Restrictions to Avandia Label

The Associated Press reports that GlaxoSmithKline PLC has updated the labeling of its diabetes pill Avandia to include safety restrictions ordered by federal health authorities because of the drug''s links
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