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Pharmaceutical

Chinese government cracks down on counterfeit drugs

BEIJING — The Chinese government is stepping up its efforts to crack down on the country’s counterfeit drug market, Bloomberg reported. According to the Ministry of Public Security, authorities
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Former WuXi PharmaTech employee arrested for chemical theft

SHANGHAI — Chinese pharmaceutical and biotech company WuXi PharmaTech today commented on the conviction of a former employee for the theft of chemical compounds. In 2011, a junior employee
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Asia’s biggest drugmaker plunges in Tokyo trading

TOKYO — Takeda Pharmaceutical Co., Asia’s biggest drugmaker, fell 4.3% in Tokyo trading after forecasting a 40% drop in operating profit, Bloomberg reported. The fall was the most in
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Bayer confident after positive first quarter

FRANKFURT, Germany — German pharmaceutical and chemical company Bayer AG said its confidence is high for the rest of the year following a good first quarter, MarketWatch reported. Bayer
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Bio-pharmaceutical firm to open manufacturing facility near Atlanta

ATLANTA — Georgia Governor Nathan Deal announced Thursday that Baxter International will locate a new bio-pharmaceutical manufacturing facility near Atlanta as well as plasma centers throughout Georgia that will
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GlaxoSmithKline expands sales force in China

BEIJING — Pharmaceutical manufacturer GlaxoSmithKline said it plans to hire hundreds more salespeople in China after announcing a decision to add new products in that country, Bloomberg reported. The
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Bayer MaterialScience appoints new CFO

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Merck pays $37M to settle claims against Vioxx

CANADA ­­— Merck will pay a maximum of C$37 million to settle all claims against its painkiller Vioxx in Canada, InPharm reports. The settlement includes C$10 million in costs
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Akinion Pharmaceuticals names new CEO

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Pharmaceutical market in China to reach $87.2 billion by 2014, according to report

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