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Pharmaceutical

Safeway Hops on $4 Generic Bandwagon

June 13, 2008
According to the Wall Street Journal, Safeway is the latest company to start selling selected generics at $4 for a month’s supply.The Washington Post reported that the supermarket chain is
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GlaxoSmithKline cuts about 350 R&D jobs

June 12, 2008
The Associated Press is reporting that GlaxoSmithKline PLC, the world''s second-largest drugmaker, said recently it is cutting 350 jobs, or around two percent of its research staff, as part of
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Feds Back Wyeth in Supreme Court Case

June 9, 2008
According to the Wall Street Journal, in what’s likely to be the biggest court case of the year for the drug industry, the federal government has filed a brief with
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Mylan, Abbott settle anti-seizure drug dispute

June 6, 2008
According to the Associated Press, generic drug developer Mylan Inc. said recently that a subsidiary has entered into a settlement and license agreement with Abbott Laboratories relating to a generic
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Novartis buys antibiotics maker Protez

June 4, 2008
According to the Associated Press, Swiss pharmaceuticals company Novartis AG said recently it is buying U.S.-based antibiotics developer Protez Pharmaceuticals Inc. for as much as $400 million. Protez, based in
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Bristol-Myers to buy Kosan for $5.50 per share

May 30, 2008
According to the Associated Press, drug developer Bristol-Myers Squibb Co. said recently it will pay $5.50 per share in cash for cancer therapy maker Kosan Biosciences Inc., in a move
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Rohm and Haas to Build Plant in Vietnam

May 27, 2008
According to a press release on Business Wire, Rohm and Haas Company said recently that it intends to build an acrylic emulsion facility in Nhon Trach city, within the Dong
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FAA Bans Chantix for Pilots, Air Traffic Controllers

May 27, 2008
According to the Wall Street Journal, Pfizer’s smoking-cessation drug Chantix came in for a bit more trouble recently as a research group cited reports of physical side effects associated with
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Glaxo gets approval for bird flu vaccine

May 19, 2008
The Associated Press is reporting that GlaxoSmithKline said recently that it has received permission from European regulators to market a human bird flu vaccine, the first pharmaceutical to receive a
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Pfizer says stolen laptop contained employee data

May 14, 2008
According to the Associated Press, a laptop containing personal information about 13,000 Pfizer Inc. employees was stolen from an employee''s car about a month ago, a company spokeswoman said recently.Spokeswoman
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