Aug 6, 2012 In China, officials have arrested more than 2,000 people involved in the country's vast counterfeit drug industry.
Jul 31, 2012 Pfizer seems to be weathering the loss of its patent for Lipitor just fine. The drug company says its second quarter profit jumped 25 percent. That's despite lower revenue, and competition from generics for its cholesterol-fighting blockbuster.
Jul 18, 2012 Today, a woman in Australia born without arms or legs reached a multi-million dollar settlement with the distributor of Thalidomide, as a previously undiagnosed victim of the drug's side effects. The case may prompt similar legal action for uncompensated victims around the world.
Jul 3, 2012 GlaxoSmithKline, the huge British drug-maker, will pay $3 billion in fines and compensation to the U.S. government and the states. They are in trouble for marketing drugs for off-label uses of its drugs.
Jul 3, 2012 GlaxoSmithKline, the huge British drug maker, will pay $3 billion in fines and compensation to the U.S. government and the states. According to the Justice Department, it's the biggest settlement in a health-care fraud case in history.
Jun 19, 2012 The merger would result in the first truly global pharmacy drugstore business with 11,000 stores in 12 countries.
Jun 19, 2012 A committee of the American Medical Association plays an important role in Medicare's setting of prices for medical procedures.
May 10, 2012 The American Pain Foundation abruptly closes its doors on the heels of a government investigation into the epidemic of painkiller abuse.
Apr 24, 2012 The Social Security Trust Fund will run out of money three years earlier than previously thought in 2033. As for Medicare, that's still on track to run out of cash in 2024.