Pfizer to spin off animal pharmaceuticals

Jan 2, 2013
Demand for animal drugs is rising amongst pet owners and livestock and poultry farmers.
Posted In: pets, veterinarian, poultry, livestock, pharmaceuticals

Fiscal cliff? WebMD hit by the patent cliff

Dec 11, 2012
Online health site WebMD plans to lay off 14 percent of its staff. Drug companies have curtailed ads because lucrative patents have expired.
Posted In: webmd, pharmaceuticals, patents

Meningitis outbreak shines light on 'compounding pharmacies'

Oct 8, 2012
Pharmacies linked to meningitis outbreak not regulated by FDA.
Posted In: meningitis, Health, pharmaceuticals, FDA

China cracks down on fake drugs

Aug 6, 2012
In China, officials have arrested more than 2,000 people involved in the country's vast counterfeit drug industry.
Posted In: China, pharmaceuticals

Pfizer profits jump despite loss of Lipitor patent

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.
Posted In: Pfizer, Earnings, pharmaceuticals

Australian woman wins key Thalidomide settlement

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.
Posted In: Health, pharmaceuticals, class action lawsuits

GlaxoSmithKline reaches $3 billion settlement for fraud

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.
Posted In: GlaxoSmithKline, health care, pharmaceuticals, fraud

Walgreens to buy major stake in drugstore chain Boots

Jun 19, 2012
The merger would result in the first truly global pharmacy drugstore business with 11,000 stores in 12 countries.
Posted In: boots, Walgreens, pharmacy, pharmaceuticals

Major pharmacy chains expected to merge this week

Apr 2, 2012
Express Scripts is looking to close a deal to takeover Medco Health Solutions this week. The combined companies will handle the prescription drugs of 135 million Americans. What effect will that have on pharmacy drug prices?
Posted In: pharmaceuticals, Medco, Express Scripts, prescription

Excedrin, Gas-X and other Novartis drugs recalled

Jan 9, 2012
The Swiss drugmaker Novartis has just issued a recall of certain bottles of some very common over-the-counter drugs, including Excedrin, NoDoz, and Gas-X.
Posted In: Novartis, pharmaceuticals, recall