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Pharma News

Canada pharma tycoon and wife were murdered, private detectives say: report

Montr - Private investigators hired by the children of late Canadian pharmaceutical tycoon Barry Sherman concluded that he and his wife were murdered, the Toronto Star reported Saturday.

Homicide team probe 'suspicious' Canada billionaire couple deaths

Montr - Toronto's homicide unit has taken over a probe into the "suspicious" deaths of Canadian pharmaceutical billionaire Barry Sherman and his wife Honey, police said Sunday after finding they had died of strangulation.

Strike over Teva layoffs briefly halts flights at Israel's main airport

Jerusalem - Flights at Israel's main airport were suspended for several hours on Sunday as part of a strike against plans by pharmaceutical giant Teva to shed employees.

Billionaire drugmaker, wife found dead at Canada home

Montr - Police were hunting for clues Saturday after the pharmaceutical billionaire Barry Sherman and his wife Honey were found dead in the basement of their Toronto home, in what investigators reportedly suspect was a murder-suicide.

Israel drug giant Teva announces 14,000 job cuts over two years

Jerusalem - Israeli pharmaceutical giant Teva announced Thursday it plans 14,000 job cuts over two years as it unveiled a wide-reaching restructuring plan after facing low prices for generic drugs.

After Merck, CEOs of Intel, Under Armour quit Trump panel over rally

New York - The chief executives of Merck, Intel and Under Armour resigned Monday from a White House advisory panel on manufacturing after President Donald Trump's initial failure to explicitly condemn a white supremacist rally.

After Merck, CEOs of Intel, Under Armour quit Trump panel over rally

New York - The chief executives of Merck, Intel and Under Armour resigned Monday from a White House advisory panel on manufacturing after President Donald Trump's initial failure to explicitly condemn a white supremacist rally.

Treatment extends life for some with advanced prostate cancer

Chicago - Adding a new anti-hormonal drug to the standard treatment for advanced prostate cancer has been shown to reduce the risk of dying by almost 40 percent, according to two studies published Saturday.

Australian schoolboys recreate price-hiked HIV drug on a shoestring

Sydney - A group of Australian schoolchildren working on a shoestring budget have recreated the HIV drug whose price was controversially jacked up 5,000 percent by a former hedge fund manager.

Mexico joins Philippines, Brazil with dengue vaccine

Mexico - While the world awaits a Zika vaccine, the first ever injection against dengue fever is spreading, with Mexico becoming next week the latest country where people can get the shot.

U.S. to establish lab network for combating 'superbugs'

Washington - US authorities said they are establishing a network of labs that can respond quickly to antibiotic-resistant "superbugs," following America's first human case of a dangerous strain of E. coli.

Johnson and Johnson hit by shares drop

U.S. healthcare colossus Johnson and Johnson saw a drop in its share value by 6 percent during 2015, according to the company’s latest financial statement.

U.S. regulators approve 'female Viagra'

Washington - US regulators Tuesday approved the first "female Viagra," a drug known as Addyi that works on the brain to boost younger women's libido if they have lost interest in sex.

CMA accuses Pfizer and Flynn Pharma of overcharging

The UK's watchdog is accusing pharmaceutical firms Pfizer and Flynn Pharma of charging unfair prices for an anti-epilepsy drug.

Novartis forms biotech spin-off called Mereo

Zurich - The pharmaceutical giant Novartis has established a biotech spin-off company called Mereo. The company will be based in the U.K. and it will work on three bespoke investigational drug products.

Delays found in drugmakers reporting of serious adverse reactions

Washington - Drugmakers have delayed reporting serious and unexpected "adverse events" from their drugs, including death, in nearly 10 percent of cases, a study said Monday.

Deception at the heart of African AIDS trial

A failed clinical trial in Africa has raised questions about how to test H.I.V. drugs and has posed some serious issues relating to medical ethics.

China drug company CEO jumps to his death

Heihe - A Chinese drug company has reported that its chief executive has jumped to his death. The CEO was under investigation on suspicion of taking bribes.

Poland extends corruption probe into Britain's GSK

Warsaw - Polish prosecutors said Monday they have extended a probe into allegations that British pharmaceutical giant GlaxoSmithKline bribed doctors into promoting one of its drugs.

Mallinckrodt to buy Questcor Pharma for $5.6 bn

New York - Ireland-based Mallinckrodt will buy US rival Questcor Pharmaceuticals in a roughly $5.6 billion cash-and-stock deal expected to expand the firm's drive in the specialty drugs field, the companies announced Monday.

Britain's GSK reveals new bribery probe in Iraq

London - British drugmaker GlaxoSmithKline (GSK) is investigating alleged corruption by staff at its pharmaceuticals division in Iraq, the group announced on Monday.

FDA finds contaminated drugs at pharma plant

The FDA has found that a drug ingredient manufactured at a GlaxoSmithKline Plc plant in Ireland was contaminated and says the company did not take sufficient action to resolve the problems.

India drugs giant rejects Novartis patent accusations

New Delhi - Leading Indian drug company Biocon on Friday rejected allegations by Novartis that it infringed on the Swiss pharmaceutical giant's patent for its blockbuster diabetes drug Galvus.

UK drugs firm GSK announces Africa investment

London - British pharmaceutical giant GlaxoSmithKline on Monday announced a five-year investment programme for sub-Saharan Africa to fuel the company's growth and to serve an area with "pressing health needs".

Does the US want all older adults on cholesterol meds?

Washington - Nearly every male and most women over 55 could fall under new US guidelines for who should take cholesterol lowering drugs, researchers said Saturday, stirring fresh controversy in the medical world.

U.S. guidelines urge more cholesterol meds than Europe

Washington - U.S. guidelines for prescribing cholesterol-lowering drugs to people over 55 call for many more to be taking the medications than in Europe, researchers said Saturday.

Tamiflu cuts flu death risk by 25 percent, study shows

Paris - The anti-virus drug Tamiflu reduced the risk of death from flu by a quarter among adults who took it during the 2009-2010 H1N1 influenza pandemic, a study said Wednesday.The findings, published in leading general medical journal The Lancet, should be a...

Cholesterol drug may help multiple sclerosis sufferers: report

Paris - A cheap drug used to control blood cholesterol may also slow progression of later-stage multiple sclerosis (MS), according to a study published in leading general medical journal The Lancet.Scientists found some evidence to suggest that simvastatin may...

Sun Pharma shares slide after US import ban

New Delhi - Shares in Indian drugmaker Sun Pharmaceuticals sank more than six percent Thursday after US regulators banned the import of some of its products, dealing a fresh blow to the nation's troubled generics market.The US Food and Drug Administration (FDA) an...

Pfizer to appeal loss of Celebrex patent

New York - Pharmaceutical giant Pfizer said on Wednesday it will appeal a US federal court's refusal to extend patent protection for its blockbuster Celebrex drug used to treat arthritis.Pfizer said the US District Court for the Eastern District of Virginia inval...
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Glaxo profit rises for 1st time since 2013  tops estimates.
Glaxo profit rises for 1st time since 2013, tops estimates.
Merck & Co. posted a revenue decline as generic competition and currency fluctuations hurt its resul...
Merck & Co. posted a revenue decline as generic competition and currency fluctuations hurt its results.