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Pharmaceutical

GlaxoSmithKline to Pay 37 States $41 Million Over Faulty Drugs

June 27, 2011
British drugmaker GlaxoSmithKline PLC has reached a $40.75 million settlement with 37 states for selling potentially faulty and contaminated medicines produced at its former Puerto Rico factory during the last
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USDA Takes Action Against Drug Manufacturer and Distributor

June 20, 2011
PRNewswire reports, the U.S. Food and Drug Administration announced that a consent decree of condemnation, forfeiture and permanent injunction has been filed against H&P Industries Inc., The Triad Group
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Major Drug Companies Cut Vaccine Prices in Developing Countries

June 6, 2011
International Business Times reports, a group of major western pharmaceutical companies announced that they will significantly reduce the prices they charge for vaccines in the developing world. Merck & Co.,
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Johnson & Johnson Acquiring OTC of J B Chemicals of Russia

May 23, 2011
The Associated Press reports, Johnson & Johnson said that its Cilag GmbH unit will expand its business in Russia by buying the over-the-counter brands of J B Chemicals & Pharmaceuticals
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Pfizer Seeks US, Japan Approval of Cancer Drug

May 17, 2011
The Associated Press reports, Pfizer Inc. said that the Food and Drug Administration accepted its application for the experimental lung cancer treatment crizotinib, one of its key drug candidates. Pfizer
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Pfizer Weighs Sale, Spin-off of Units

May 3, 2011
Chief Executive Officer Ian Read said he is reviewing the possible sale of four divisions with $18.3 billion in annual revenue, according to Bloomberg. Read, who took control of Pfizer
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Linde Builds Large Hydrogen and Synthesis Gas Plant in China

May 3, 2011
Reuters reports, the Linde Group will build and operate a large hydrogen and synthesis gas plant in the Chongqing Chemical Park in Western China in a joint enterprise with Chongqing
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A. Schulman Adds Manufacturing Line in Brazilian Facility

April 18, 2011
A. Schulman, Inc. announced that it will add one manufacturing line in its Sao Paulo, Brazil plant to accommodate increased demand for the company''s masterbatch and engineered plastics products, reports
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J&J In Talks to Buy Swiss Company Synthes for $20 Billion

April 18, 2011
Reuters reports, Johnson & Johnson is in preliminary talks to acquire Swiss medical device maker Synthes for a price, which could be about $20 billion, a source familiar with the
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GlaxoSmithKline to Invest £500 Million in Egypt Healthcare

April 11, 2011
Daily News Egypt reports, GlaxoSmithKline Consumer Healthcare announced they will invest approximately £ 500 million in Egypt’s healthcare sector. “Our main goal over the next five years is to
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