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Department of Justice Imposes More Than $110 Million in Fines on Medical Device Makers
2015-04-07 07:53:54| Biotech - Topix.net
On March 19, 2015, the U.S. Department of Justice and the U.S. Department of Health and Human Services issued their joint annual report on health care fraud and abuse control. 1 The annual report states that during fiscal year 2014, the federal government won or negotiated approximately $3.3 billion in judgments and settlements, and attained additional administrative impositions in health care fraud cases and proceedings.
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medical
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device
Valeant victorious in battle for Salix, gets majority of drug maker's stock
2015-04-01 15:20:42| Biotech - Topix.net
Valeant Pharmaceuticals International Inc. says its US$11.1-billion friendly takeover bid for Salix Pharmaceuticals, Ltd. was successful, with about three-quarters of all Salix shares tendered by the deadline early Wednesday. Valeant's offer of US$173 in cash per Salix share defeated a rival bid from Dublin-based Endo International, which had offered a combination of stock and cash valued at about US$175 per share.
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drug
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United Auto Workers leader rejecting lower wages for auto parts makers
2015-03-30 18:04:31| Auto Dealers - Topix.net
The leader of the United Auto Workers union has rejected a new level of lower wages for members who make auto parts ahead of contract talks with automakers that start in the summer. There have been reports that General Motors Co.
Luxury car makers go native as sales surge
2015-03-30 11:39:46| Auto Dealers - Topix.net
Sales of luxury cars grew five per cent last year, beating the industry growth of passenger vehicles at 0.66 per cent The growth rate could continue for another seven years as the ranks of the nation's wealthy continue to swell. The indomitable surge in India's luxury car buying is also borne out by the fact that local sales of all passenger cars grew by just about two-thirds in the previous seven years.
How The Entry Of Traditional Watch Makers Into Smartwatches Will Impact The Category And Apple
2015-03-24 03:33:46| Jewelry - Topix.net
It was recently reported that Tag Heuer and Fossil Group Inc are working toward launching their own Android-based smartwatch. Oliver Chen, analyst at Cowen Group, was on CNBC Monday to discuss how entry of traditional watch makers into smartwatch space will impact the category and in which geographies Apple Inc.'s Apple Watch will have robust sales.
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