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Prescription Drug Spending Climbs In 2013

April 15, 2014 3:04 pm | News | Comments

Total U.S. prescription drug spending climbed more than 3 percent last year, propelled in part by fewer patent expirations that would have allowed for cheaper generic alternatives, according to the data firm IMS Health.       

Herbalife Denies Criminal Probe Report

April 14, 2014 1:00 pm | News | Comments

The company said in a statement that it has no knowledge of any ongoing investigation by the DOJ...

Report Says Glaxo Bribed Doctors In Poland

April 14, 2014 11:01 am | News | Comments

The British drug company faces corruption probes in China and Iraq. It said in a statement it is...

Ban On Painkiller Raises Constitutional Questions

April 9, 2014 8:32 am | by Philip Marcelo, Associated Press | News | Comments

Gov. Deval Patrick defended the state's first-in-the-nation ban of the powerful new painkiller...

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Teva Launches Generic Fish Oil Drug

April 8, 2014 3:31 pm | News | Comments

Teva Pharmaceutical Industries said Tuesday it is now selling a generic version of the heart medication Lovaza, which is used to treat high triglyceride levels.                

Mallinckrodt To Buy Questcor For About $5.6B

April 8, 2014 9:01 am | News | Comments

Mallinckrodt is buying California-based Questcor Pharmaceuticals Inc. for a combination of stock and cash valued at about $5.6 billion that will help to further diversify the Irish company's business.          

Zohydro Maker Sues To Block Ban

April 8, 2014 8:15 am | News | Comments

The maker of Zohydro, a controversial new prescription painkiller, has filed a lawsuit in federal court seeking to block Massachusetts' ban on local doctors prescribing and dispensing the drug.           

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Takeda, Eli Lilly Hit With $9B Penalty

April 8, 2014 7:43 am | by Yuri Kageyama, AP Business Writer | News | Comments

A U.S. jury ordered Takeda Pharmaceutical Co. and Eli Lilly to pay $9 billion in punitive damages over a diabetes medicine linked to cancer.                   

GSK Probes Iraq Bribery Claims

April 7, 2014 12:57 pm | by Sylvia Hui, Associated Press | News | Comments

GlaxoSmithKline said Monday it has launched an investigation into allegations it bribed doctors in Iraq, as the pharmaceuticals giant remains embroiled in a major corruption scandal in China.            

Sun Pharma Buys Ranbaxy In $4B Deal

April 7, 2014 7:50 am | by Kay Johnson, AP Business Writer | News | Comments

India's Sun Pharmaceutical Industries is buying troubled generic drug maker Ranbaxy Laboratories in a $4 billion deal, the companies said Monday.                   

States Revolt Against New Painkiller

April 4, 2014 10:38 am | by Beth Garbitelli, Associated Press | News | Comments

The backlash against Zohydro has been growing since last year, when the FDA approved the drug against the recommendation of an internal advisory committee.                  

Little Evidence Of Threats To Execution Drug Makers

April 4, 2014 8:05 am | by Bailey Elise McBride and Nomaan Merchant, Associated Press | News | Comments

Texas prison officials have offered scant evidence to support their claim that pharmacies that supply the state with execution drugs would be in danger of violence if their identities were made public.          

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Actavis Plans To Spend $100M On Generic Drug Maker

April 1, 2014 3:21 pm | News | Comments

Drug maker Actavis Plc plans to expand its reach into Southeast Asia by spending about $100 million to buy Silom Medical Co., a generic pharmaceutical company focused on Thailand.              

GlaxoSmithKline Recalls Drug After Foreign Pills Found In Bottles

March 27, 2014 12:31 pm | News | Comments

GlaxoSmithKline is recalling the weight loss drug Alli after receiving reports of unknown pills and tablets in the bottles.                       

Zohydro Maker Touts Drug Safety Board

March 27, 2014 10:08 am | by Matthew Perrone, AP Health Writer | News | Comments

After months of criticism over its recently launched painkiller Zohydro, the maker of the powerful narcotic is highlighting an unusual oversight board that it's assembled to try and prevent abuse of the drug.        

25 Companies To Phase Out Animal Antibiotics

March 27, 2014 8:51 am | by Mary Clare Jalonick, Associated Press | News | Comments

Twenty-five pharmaceutical companies are voluntarily phasing out the use of antibiotics for growth promotion in animals processed for meat, the Food and Drug Administration said Wednesday.            

Court Tosses $1.2B Judgment Against J&J

March 20, 2014 11:29 am | by Chuck Bartels, Associated Press | News | Comments

The Arkansas Supreme Court on Thursday overturned a $1.2 billion judgment against Johnson & Johnson in a lawsuit challenging the drug maker's marketing of the antipsychotic drug Risperdal.           

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Hawaii AG Sues Makers Of Plavix

March 20, 2014 8:32 am | News | Comments

Hawaii's attorney general is suing the makers of a widely prescribed blood thinner that he says a significant portion of the state's population has difficulty metabolizing.               

Horizon Pharma Buying Vidara For About $660M

March 19, 2014 9:52 am | News | Comments

Horizon Pharma plans to buy Vidara Therapeutics International in a cash-and-stock deal that will add the immune system disorder drug Actimmune to the specialty drug maker's product portfolio.           

Study To Test 'Chocolate' Pills For Heart Health

March 18, 2014 7:57 am | by Marilynn Marchione, AP Chief Medical Writer | News | Comments

The pills are so packed with nutrients that you'd have to eat a gazillion candy bars to get the amount being tested in this study, which will enroll 18,000 men and women nationwide.              

FDA Defends Hydrocodone Drug Approval

March 13, 2014 12:40 pm | News | Comments

The head of the Food and Drug Administration says the much-debated painkiller Zohydro fills an "important and unique niche" for treating pain.                     

Maker Of OxyContin Will Offer Abuse-Resistant Zohydro

March 12, 2014 12:30 pm | News | Comments

Purdue Pharma says it has completed testing of an abuse-resistant version of the painkiller hydrocodone, a surprise development that could derail sales of the recently launched Zohydro.            

Medical Groups Question $1,000 Price Tag Of New Hep C Drug

March 11, 2014 12:18 pm | by Matthew Perrone, AP Health Writer | News | Comments

A drug that was only recently hailed as a breakthrough treatment is facing skepticism from some health care experts, as they consider whether it is worth the $1,000-a-pill price set by manufacturer Gilead Sciences.        

Senator Wants To Block New Painkiller

March 11, 2014 8:15 am | News | Comments

Sen. Manchin is calling on the government's top health official to overturn the approval of a powerful painkiller, arguing that the pill could add to the national epidemic of prescription drug abuse.          

J&J Subsidiaries Settle With Montana For $5.9M

March 7, 2014 8:19 am | by Matt Volz, Associated Press | News | Comments

Subsidiaries of Johnson & Johnson have agreed to pay $5.9 million to settle a lawsuit with Montana over how an anti-psychotic drug was marketed, state Attorney General Tim Fox said.            

Pfizer Pulls 3 Lots Of Antidepressant Off The Market

March 7, 2014 7:54 am | News | Comments

Pfizer is recalling some lots of its antidepressant Effexor XR because a single capsule of a different medication was found in one bottle of the drug.                  

Gene Therapy May Help Control HIV

March 6, 2014 9:00 am | by Marilynn Marchione, AP Chief Medical Writer | News | Comments

Scientists have modified genes in the blood cells of HIV patients to help them resist the AIDS virus, and say the treatment seems safe and promising.                  

Hospitals Coping With Persistent Drug Shortages

February 28, 2014 8:10 am | by Linda A. Johnson, AP Business Writer | News | Comments

But a new survey indicates that obtaining drugs from alternate sources is costing them a lot of money they can't spare.                      

Drug Firms Argue Over $1.2B Arkansas Judgment

February 27, 2014 12:12 pm | News | Comments

A lawyer for two drug companies told the Arkansas Supreme Court that the state improperly relied on federal regulations in a lawsuit that resulted in a $1.2 billion award.               

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