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Pharmaceutical

Pfizer faces $8.5 billion suit over Nigeria drug trial

October 1, 2007
A court case brought by Nigeria against Pfizer resumes on Wednesday with the U.S. drug maker saying it answered a call for help to save the lives of African children
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Bristol-Myers to buy Adnexus for $430 million

September 24, 2007
Drug maker Bristol-Myers Squibb Co. said it will acquire privately-held Adnexus Therapeutics in a $430 million all-cash deal, the Associated Press reports. Biotechnology company Adnexus Therapeutics will become a subsidiary
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Johnson & Johnson to cut 688 jobs at Janss

September 18, 2007
The Associated Press reports that Belgian pharmaceutical maker Janssen-Cilag will eliminate 688 jobs as it seeks to put more money into research and development, and as exclusive patent rights to
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Accenture, Bristol-Myers open drug safety center in India

September 14, 2007
Accenture Ltd., a consulting, technology services and outsourcing firm, has opened a joint center to monitor drug safety data in India with Bristol-Myers Squibb Co., according to the Associated Press.
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Supreme Court rejects Vioxx class action

September 11, 2007
In a major legal victory for Merck & Co. in its massive Vioxx litigation, New Jersey''s Supreme Court recently rejected a potential class-action lawsuit that could have cost the drugmaker
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Sigma-Aldrich to expand Wisconsin plant

September 10, 2007
The Associated Press reports that a pharmaceutical products subsidiary of Sigma-Aldrich Corp. is planning a $4.5 million expansion of its chemical manufacturing facility in Madison, Wisconsin. The plan, scheduled for
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Pfizer Hires D''Amelio as CFO

August 28, 2007
Drug developer Pfizer Inc. said Frank D''Amelio, an executive with communications equipment company Alcatel-Lucent, will become the company''s new chief financial officer in mid-September replacing Alan Levin, according to the
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Merck CFO sells 63,000 shares of stock

August 6, 2007
The Associated Press reports that executive vice president and chief financial officer of drug developer Merck & Co. sold 63,000 shares of common stock, according to a Securities and Exchange
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Merck seeks cut in $47.5 million Vioxx award

July 16, 2007
Merck & Co. urged a New Jersey judge to slash a jury''s $47.5 million award to an Idaho postal worker who successfully sued the drugmaker over a heart attack he
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Pfizer waited weeks to notify employees of data breach

July 16, 2007
The Associated Press reports that Pfizer Inc. let several weeks pass before informing 17,000 current and former employees that their personal information had been posted to the Internet, according to
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