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Pharmaceutical

Teva to close plant in Puerto Rico

August 29, 2006
Teva Pharmaceutical Industries Ltd., the world''s largest generic drugmaker, said it will close a plant in Puerto Rico as part of an reorganization related to its acquisition of Ivax Corp.
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New Pfizer CEO to get $1.35 million salary

August 7, 2006
According to the Associated Press, Pfizer Inc.''s newly appointed CEO Jeffrey B. Kindler will earn $1.35 million a year in base pay, a 42 percent raise over his salary as
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South Carolina sues drug companies for $40 million

August 7, 2006
South Carolina''s attorney general has filed a lawsuit claiming the state lost at least $40 million because five companies inflated prescription drug prices, according to the Associated Press. The lawsuit
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EPA cites Dow Chemical for violating Clean Air Act

July 24, 2006
The Associated Press reports that the Environmental Protection Agency recently cited Dow Chemical Co. for violating the Clean Air Act at the company''s Midland, Mich., facility. The EPA alleged that
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Pfizer reports 30 percent drop in profit

July 24, 2006
Pfizer Inc. recently posted a 30 percent drop in second-quarter net income as sales edged up slightly but results in the year-ago period were bolstered by one-time tax gains, the
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Indian pharmaceutical company buys Pfizer plant

June 19, 2006
A leading Indian pharmaceutical company, Nicholas Piramal Ltd., said last Thursday it has struck a deal to acquire one of Pfizer Inc.''s plants in Britain, the Associated Press reports. Nicholas
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Abbott accused of inflating drug prices

May 23, 2006
The Justice Department is accusing Abbott Laboratories of vastly inflating prices of its drugs as part of a fraudulent billing scheme alleged to have cost government health programs more than
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Judge dismisses Merck shareholder suits

May 18, 2006
A federal judge has dismissed a group of shareholder lawsuits that charged Merck & Co. officers and directors with violating their duties by concealing the health risks of the company''s
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Bristol-Myers Squibb taking antibiotic off market

May 4, 2006
An antibiotic plagued by serious blood-sugar complications is coming off the market, the Associated Press reports. Bristol-Myers Squibb Co. confirmed recently that it plans to stop making and selling Tequin.
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Pfizer shareholders reject call to oust board members

May 4, 2006
Shareholders of pharmaceutical company Pfizer Inc. rejected a call recently to oust some members of the company''s board for approving a deal to pay its chief executive officer as much
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