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Pharmaceutical

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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GlaxoSmithKline Sells Stake in Quest for $1.7 Billion

According to MarketWatch, GlaxoSmithKline PLC has sold its entire shareholding in Quest Diagnostics Inc. for about $1.7 billion. Net of tax, GlaxoSmithKline expects to receive cash proceeds of approximately $1.1
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Valeant to Buy PharmaSwiss for $481 Million

The New York Times reports, Valeant Pharmaceuticals said it would acquire PharmaSwiss, the maker of generic drugs, for 350 million euros ($481 million). PharmaSwiss, based in Switzerland, has operations in
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FDA Extends Plavix Patent by Six Months

The Associated Press reports that the makers of Plavix, the world''s second best-selling medication, will retain exclusive U.S. marketing rights to the blood thinner for an additional six months, under
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Novartis Bids $470 Million for Cancer Diagnostic Firm Genoptix

Swiss drug maker Novartis AG is paying $470 million to acquire U.S. cancer diagnostic specialist Genoptix Inc., according to the Associated Press. Novartis will pay $25 per share to acquire
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Shares of Generic Drugmaker Mylan Rise

The Associated Press reports, shares of Mylan Inc. jumped in trading, after the generic drugmaker said it received approval to make three doses of a generic version of Bayer''s
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GlaxoSmithKline to Take $3.4 Billion Charge on Avandia

The Associated Press reports that GlaxoSmithKline PLC said Monday it will take a $3.4 billion charge against earnings in the fourth quarter to provide for litigation over its diabetes drug,
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New 50-Inch Heavy-Duty Capsule Filter for Large Volume Filtration

New UltraCap® H.D. (Heavy Duty) single-use high-capacity capsule filter is now available in a 50-inch configuration for large volume filtration. The UltraCap® H.D. is optimized for continuous and batch processing
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Oregon Attorney General Sues Johnson & Johnson

The Associated Press reports that Oregon Attorney General John Kroger has sued Johnson & Johnson and two subsidiaries, claiming consumers were exposed to defective supplies of Motrin by a delay
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