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Pharmaceuticals News

Amgen fined in the U.S. over 'improper advertising'

The pharmaceutical company Amgen has been fined by U.S. authorities in relation to the advertising of its products. The settlement is $71 million.

Is pharmaceutical waste triggering antibiotic resistance?

Several pharmaceutical companies have been accused by a campaign organization of contributing to the rise of antibiotic resistance among types of pathogenic bacteria, the so-termed "super bugs."

Big Pharma: Teva bids $40 billion for Mylan

Israel-based pharmaceutical company Teva makes an unsolicited offer for a smaller, Netherlands-based rival called Mylan, as its main product faces competition from generics.

AbbVie in major pharma acquisition

The pharmaceutical company AbbVie beat out a range of other major pharmaceutical firms, including global giant Johnson & Johnson, to reach a $21 billion deal with cancer drug specialist Pharmacyclics.

Pfizer to acquire Hospira in big pharma sale

The pharmaceutical Pfizer giant is purchasing the injectable drugmaker Hospira for a reported $15 billion. This represents a new area for Pfizer.

Merck buys Cubist Pharmaceuticals

Major pharmaceutical company Merck has splashed out $8 billion on a smaller company called Cubist Pharmaceuticals. This is related to the search for new antibiotics.

Drug companies hacked by FIN4

Cyberspies have reportedly hacked into the emails of a number of publicly traded companies. Most of these operate in health care and pharmaceuticals.

GlaxoSmithKline continues restructuring, cuts 900 jobs

GlaxoSmithKline (GSK) is eliminating 900 U.S. jobs. Most of these losses are in R&D. Furthermore, some employees may be relocated to other facilities.

Typical drug development costs $2.6 billion

How much does it cost to produce a pharmaceutical product these days? According to a new study, the typical cost has rocketed to $2.6 billion. The $ figure is up from an estimated price tag of $1 billion from an analysis published in 2003.

Merck buys Sigma-Aldrich for $17 billion

The German drug maker Merck has acquired the U.S.-based science supply company Sigma-Aldrich in a multi-billion-dollar deal. Merck has been growing its laboratory supply side and it has now become one of the biggest companies in the business.

Glaxo receives record fine in China

Changsha - The Chinese government has fined U.K. pharmaceuticals giant GlaxoSmithKline $490 million (3 billion yuan) after a court found the firm guilty of bribery.

Leading pharmacists debate hospital infections Special

Warwick - This week the leading pharmacists in the U.K. congregated in Warwick for the NHS QA Symposium. A number of measures to protect patients from infection were discussed, and Digital Journal was in attendance.

New cardiac drug shows real, life-saving promise

Basel - A new drug developed by Swiss pharmaceutical giant Novartis could turn the world of cardiovascular medicine on its head in less than 12 months.

Rotting frogs found in pharmaceutical plant

During an inspection of Marck Biosciencies' plant in Kheda, India, the U.S. FDA found faked data, mold and rotting frogs.

Pomegranate candidate in quest for Alzheimer’s cure

Huddersfield - The onset of Alzheimer's can be slowed and some symptoms reduced by a natural compound found in pomegranate fruit. Those are the preliminary findings of a two year study undertaken by researchers at the University of Huddersfield in the UK.

AbbVie buys Shire for $54 billion

London - The purchase of pharmaceutical company Shire by AbbVie will create one of the 50 largest companies in the world, and will move AbbVie’s corporate tax headquarters from North Chicago to the U.K.

Op-Ed: Sometimes fatal side-effects to be revealed after Tor. Star probe

After an ongoing Toronto Star investigation exposed the fact that Health Canada was scrubbing crucial information from public view, the federal regulator will make public information it has kept secret regarding serious, sometimes fatal side-effects.

U.S. DEA cracks down on synthetic drugs

This week DEA agents launched raids in 29 U.S. states, making more than 150 arrests and serving 200 warrants, while also seizing more than $20 million in cash and assets in relation to synthetic drugs.

Did the Mafia snatch pharma drugs consignment?

Italian law enforcement has reported that a highly organized criminal ring is behind the distribution of stolen and counterfeit cancer drugs throughout Western Europe. Is it the Italian mafia?

Is government needed for antibiotic development?

Major pharmaceutical companies are hindering the development of new antibiotics, according to the Royal Pharmaceutical Society (U.K.).

Pharma teams up with high-tech firms to protect patents

On a quest to protect software patents, tech giants Apple, Microsoft, and IBM have joined forces with major pharmaceutical companies and manufacturers to evaluate the current patent system and secure protection from technological infringements.

Drug companies to phase out animal antibiotics

The U.S. FDA has asked 26 companies to voluntarily stop labeling drugs important for treating human infection as acceptable for animal growth promotion.

Pfizer recalls antidepressants after pharmacist finds heart drug

A pharmacist found that a bottle of antidepressant Effexor XR contained one capsule of Tikosyn 0.25 milligram (dofetilide), which is used to treat heart rhythm disorders.

You might not be able to afford this life-saving Hepatitis C drug

There's a new drug regimen being touted as a potential cure for a dangerous liver virus that causes hepatitis C. But it costs $84,000 -- or $1,000 a pill.

Europe levies fines on Johnson & Johnson and Novartis

The European Commission has imposed multi-million euro fines on Johnson & Johnson and Novartis for what it has called "shocking" breaches of competition law.

Janssen Pharmaceuticals fined $1.6 billion for misbranding

Janssen Pharmaceuticals, Inc., (JPI) of Titusville, N.J., has been fined $1.6 billion for its role is selling a misbranded drug. The drug in question is Risperdal (risperidone).

China arrests two people linked to drug bribery claims

The co-founders of a business advisory company that has worked with GlaxoSmithKline have been arrested in China on suspicion of breaking laws related to purchasing personal information.

Cannabis-based spray approved in Italy

In an ongoing effort to penetrate the global market for cannabis-based medicines, GW Pharmaceuticals, a UK-based company, announced a key victory in Europe early this morning.

Cancer drug Avastin linked to 52 cases of flesh-eating disease

Patients seeking cancer treatment are being cautioned of an unusual side-effect associated with the cancer drug known as Avastin.

Balanced Solutions and Nora Apothecary recall products (updated)

Balanced Solutions Compounding Pharmacy, LLC has announced a voluntary recall of all lots of sterile products compounded by the pharmacy that are not expired. The pharmacy joins a growing list of pharmacies recalling products across the U.S.
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Sativex contains marijuana-derived ingredients.
Sativex contains marijuana-derived ingredients.
Associated Press
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Eli Lilly s global headquarters  Indianapolis  Indiana
Eli Lilly's global headquarters, Indianapolis, Indiana
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A variety of statin drugs
A variety of statin drugs
Medicine vials on display at making Pharmaceuticals 2015.
Medicine vials on display at making Pharmaceuticals 2015.
Project Team at work:  Expertise helps AbbVie develop and enhance products and therapies to treat co...
Project Team at work: Expertise helps AbbVie develop and enhance products and therapies to treat conditions including HIV, arthritis, immunological and metabolic disorders, heart disease, and cancer.
© AbbVie Inc.
Dr. Olumayokun Olajide s research will now look to produce compound derivatives of punicalagin for a...
Dr. Olumayokun Olajide's research will now look to produce compound derivatives of punicalagin for a drug that would treat neuro-inflammation, slowing down the progression of Alzheimer's
University of Huddersfield

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