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Novartis splits drugs business into two, pharma chief to leave
Wednesday, May 18, 2016Novartis is splitting its pharmaceuticals division into two business units one focused on cancer and the second on other drugs while switching out its current pharma head in the second highprofile management reshuffle this year David Epstein the Ame...
Valeant to increase hospital discounts for two heart drugs
Tuesday, May 17, 2016Valeant Pharmaceuticals International Inc said on Monday it would raise the discounts to hospitals on its heart drugs Nitropress and Isuprel to as much as percent off list prices after shareholder William Ackman pledged to revisit controversial pric...
Anacor shares soar 57% on $5.2B Pfizer acquisition
Tuesday, May 17, 2016Shares of Anacor Pharmaceuticals spiked more than percent Monday after it agreed to be bought by pharma giant Pfizer Pfizer is buying Anacor in a billion deal to add an eczema gel to its portfolio just a month after the US drug major scrapped plans...
McKesson and Walmart Announce Sourcing Agreement for Generic Pharmaceuticals
Tuesday, May 17, 2016McKesson Corporation and WalMart Stores Inc announced the signing of a sourcing agreement for generic pharmaceuticals and an expanded longterm distribution agreement The organizations will collaborate on sourcing generic pharmaceuticals for their res...
Roche moves court to block copies of cancer drug Avastin, A La Herceptin
Monday, May 16, 2016Swiss biotechnology giant Roche has sued the Drug Controller General of India in Delhi High Court along with Hyderabadbased Hetero Drugs over the process followed for approval of copies of complex biotech drugs or biosimilars of Avastin bevacizumab i...
Pfizer blocks its drugs from use in lethal injections
Monday, May 16, 2016Pfizer Inc has taken steps to ensure that none of its products are used in lethal injections the largest US drugmaker said on Friday We are enforcing a distribution restriction for specific products that have been part of or considered by some state...
Shanghai Fosun says it has made a non-binding bid for India's Gland Pharma
Monday, May 16, 2016Shanghai Fosun Pharmaceutical Group Co Ltd said on Monday it has made a nonbinding proposal for KKRbacked Gland Pharma Ltd a move that would improve its drug manufacturing and research and development capacity Gland Pharma founders and KKR which joi...
Mylan Launches Generic Frova Tablets In U.S.
Friday, May 13, 2016Pharmaceutical company Mylan NV MYL said it launched Frovatriptan Succinate Tablets mg a generic version of Endos Frova Tablets in the US Mylan received final approval from the US Food and Drug Administration for its Abbreviated New Drug Applicatio...
Regeneron CEO says drug price critique by independent group unscientific
Friday, May 13, 2016Regeneron Pharmaceuticals Chief Executive Leonard Schleifer on Thursday took aim at an influential drug pricing watchdog saying a critique of the companys new cholesterol lowering therapy was nonscientific The Bostonbased Institute for Clinical and...
Dr Reddy's Sees More Challenges In Us Business
Friday, May 13, 2016Indias second largest drugmaker Dr Reddys Laboratories Ltd is bracing for another challenging year in its biggest market the United States where its business has been hurt by regulatory scrutiny and fewer new drug approvals The company is working on...
