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Merck settles investor suits on cholesterol drugs

2013-02-14 18:15:13| Biotech - Topix.net

Merck & Co. has agreed to pay $688 million to settle two lawsuits brought by investors who alleged the drugmaker delayed releasing bad news on its blockbuster cholesterol drugs to prevent a drop in sales.

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UPDATE 2-Reckitt in $482 mln deal to sell Bristol drugs in LatAm

2013-02-12 15:39:00| Biotech - Topix.net

Reckitt Benckiser is paying Bristol-Myers Squibb $482 million for the right to sell some of its non-prescription remedies in Brazil, Mexico and other parts of Latin America.

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Novo Nordisk says FDA rejects insulin drugs

2013-02-11 00:57:46| Biotech - Topix.net

The Danish drugmaker says it received a "complete response letter" from the FDA regarding its applications for approval of Tresiba and Ryzodeg, or insulin degludec, on Friday.

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Speciality pharmacies supply about 40 percent of all intravenous drugs used in hospitals

2013-02-08 17:44:38| Biotech - Topix.net

A fungal meningitis outbreak linked to the New England Compounding Center left at least 44 people dead and 678 ill in 19 states, the Centers for Disease Control and Prevention in Atlanta said.

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Gilead profits continue to rise on strength of HIV drugs

2013-02-05 05:42:42| Biotech - Topix.net

Gilead Sciences on Monday reported higher-than-expected quarterly profit and revenue as sales of the Foster City company's flagship HIV drugs exceeded Wall Street estimates.

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