Pharmaceuticals News
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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.
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Cyberspies have reportedly hacked into the emails of a number of publicly traded companies. Most of these operate in health care and pharmaceuticals.
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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.
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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.
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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.
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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.
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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.
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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.
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During an inspection of Marck Biosciencies' plant in Kheda, India, the U.S. FDA found faked data, mold and rotting frogs.
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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.
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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.
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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.
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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.
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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?
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Major pharmaceutical companies are hindering the development of new antibiotics, according to the Royal Pharmaceutical Society (U.K.).
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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.
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The U.S. FDA has asked 26 companies to voluntarily stop labeling drugs important for treating human infection as acceptable for animal growth promotion.
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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.
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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.
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The European Commission has imposed multi-million euro fines on Johnson & Johnson and Novartis for what it has called "shocking" breaches of competition law.
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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).
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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.
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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.
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Patients seeking cancer treatment are being cautioned of an unusual side-effect associated with the cancer drug known as Avastin.
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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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It is alleged that thieves who broke into the warehouse of a major pharmaceutical company in Connecticut three years ago, stealing $70 million worth of drugs, obtained inside information that revealed weaknesses in the building's security system.
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The government of India has rejected a request by the pharmaceutical company Bayer AG that it desists with the manufacture of a cheaper generic version of its patented cancer drug.
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A new study has looked at the affects of pharmaceutical by-products that enter the water supply and how some by-products can affect the behavior of fish, putting them at risk.
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Removing pharmaceutical products from water and sewage, so that uncontaminated water can be safely passed back into the environment is a costly and tricky task. A new process, using an artificial wetland and bacteria, is a promising alternative.
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Ancient pills and surgical tools more than 2000 years old were discovered in a Roman shipwreck off the coast of Tuscany.
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Pharmaceuticals Image
A variety of statin drugs
Sativex contains marijuana-derived ingredients. Associated Press
Eli Lilly's global headquarters, Indianapolis, Indiana Guanaco152003
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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