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Endo buys generics maker DAVA for $575M

2014-06-24 22:20:01| Agriculture - Topix.net

The corporate shifting by Endo International P.L.C. continued Tuesday as the drugmaker said it will pay $575 million for privately-held DAVA Pharmaceuticals in hopes of quickly generating more revenue.

Tags: maker buys endo generics

Mylan sues Celgene for blocking Revlimid, Thalomid generics

2014-04-04 19:31:32| Biotech - Topix.net

M ylan Inc on Thursday sued Celgene Corp to stop the latter's effort to keep generic versions of two drugs that generate $4.5 billion of annual sales off the market.

Tags: blocking sues generics mylan

Pfizer 3Q net falls due to generics, higher costs

2013-10-29 13:04:43| Biotech - Topix.net

Pfizer Inc. says third-quarter profit dropped 19 percent as generic competition continued to cut sales, while operational expenses, taxes and charges all rose.

Tags: net due costs higher

Lilly beats forecast, helped by drug soon to face generics

2013-07-24 14:02:34| Biotech - Topix.net

Eli Lilly and Co reported higher-than-expected quarterly earnings, helped by cost cuts and strong sales growth of Cymbalta, a depression treatment that will soon lose patent protection, and the drugmaker raised its full-year profit forecast.

Tags: face drug helped forecast