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Head of P&G blasts Obama tax proposal

March 31, 2009
The chairman of the world''s largest consumer products maker says a provision in President Barack Obama''s budget proposal regarding income made overseas would cost American jobs and give foreign businesses
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FDA cracks down on unapproved narcotic painkillers

March 31, 2009
The Associated Press reports that the government has ordered 14 unapproved narcotic painkillers off the market, prescription versions of potent morphine, hydromorphone and oxycodone. The Food and Drug Administration told
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Merck launches biotech venture capital fund

March 23, 2009
According to the Associated Press, German pharmaceutical company Merck KGaA announced it is starting a biotechnology venture capital fund that will invest euro40 million ($55 million) in emerging companies in
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Judge denies class action suit on consumer Vioxx costs

March 18, 2009
The Associated Press reports that a New Jersey judge has rejected efforts by consumers who took the painkiller Vioxx to be able to sue as a group to recover
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FDA cites bleeding risk with experimental J&J drug

March 17, 2009
The Associated Press reports that federal health officials say a Johnson & Johnson drug helps prevent deadly blood clots in patients getting hip or knee replacement surgery, but it also
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Top pain scientist fabricated data in studies, hospital says

March 11, 2009
The Associated Press reports that a prominent Massachusetts anesthesiologist allegedly fabricated 21 medical studies that claimed to show benefits from painkillers like Vioxx and Celebrex, according to the hospital where
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Merck buying Schering-Plough in a $41.1 billion deal

March 9, 2009
Merck & Co. is buying Schering-Plough Corp. for $41.1 billion in stock and cash in a deal that gives the companies more firepower to compete in a drug industry facing
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Supreme Court rejects limits on drug lawsuits

March 4, 2009
The Supreme Court has upheld a $6.7 million jury award to a musician who lost her arm because of a botched injection of an anti-nausea medication, according to the Associated
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FDA calls Glaxo ad for prostate drug ''misleading''

March 2, 2009
The Associated Press reports that a marketing campaign for a GlaxoSmithKline prostate drug has drawn complaints from federal regulators, who said the space-themed advertisement is misleading. The drugmaker''s Avodart capsules
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More companies volunteering to disclose physician payments

February 24, 2009
Following years of pressure, medical device maker Medtronic Inc. will begin disclosing how much money it gives physicians in various consulting and other payments, though the reporting threshold is far
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