GlaxoSmithKline to pay $750 million in pill case
Federal prosecutors in Massachusetts say pharmaceutical company GlaxoSmithKline will pay $750 million to settle allegations that it knowingly manufactured and sold adulterated drugs at its plant in...
View ArticlePfizer 3Q profit down 70 percent due to charges
Pharmaceutical giant Pfizer Inc. says revenue in the third quarter jumped 39 percent due to its acquisition of fellow drugmaker Wyeth, but hefty charges dragged its profit down 70 percent.
View ArticleWholesale prices rise for 7th straight month
Wholesale prices rose sharply in January due to higher costs for gas, pharmaceuticals and other goods. Excluding the volatile food and energy categories, wholesale prices rose by the most since October...
View ArticleJohnson & Johnson Ordered to Pay $327 Million
A South Carolina judge ordered Johnson & Johnson to pay the state $327 million in civil penalties after a jury concluded earlier this year the company misled doctors about the safety and...
View ArticleSon, Girlfriend of CEO Die After Incidents at Mansion
The 6-year-old son of a prominent pharmaceutical executive died Sunday, almost a week after falling down the stairs at his family's mansion and four days after his father's girlfriend was found dead...
View ArticleGlaxo to Pay $3 Billion in Avandia Settlement
The settlement is the largest yet in a wave of cases brought against pharmaceutical companies for illegal marketing of drugs.
View ArticleA One-Two Punch Against Cystic Fibrosis, And Maybe Someday Other Diseases Too
New data on an experimental drug combination being developed by Vertex Pharmaceuticals of Cambridge, Mass., should give hope to tens of thousands of people suffering from cystic fibrosis, the deadly...
View ArticleAbbott to Pay $1.6 Billion Over Illegal Marketing
Abbott Laboratories said it reached an agreement with the federal government and most states to pay $1.6 billion in connection with its marketing of the anti-seizure drug Depakote... The four...
View ArticleDrug companies forge partnerships with top schools
In their quest for the next big drug discovery, pharmaceutical companies are increasingly teaming up with some of the nation's top universities, recruiting campus scientists as partners and offering...
View ArticleCancer Physicians Attack High Drug Costs
More than 100 cancer specialists have banded together to persuade pharmaceutical companies to bring prices down, suggesting that the high prices for medicine needed to keep someone alive is...
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