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P&G shedding businesses is part of long-term plan
Posted by Mary Canady August 24th, 2009 .
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The Procter & Gamble Co.'s $3.1 billion sale of its prescription drug business is in line with its recent strategy of shedding products to focus on areas with the best growth and profit-margin prospects. More...

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Report: Warner Chilcott to buy P&G’s pharma unit
Posted by Mary Canady August 23rd, 2009 .
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Drug maker Warner Chilcott PLC could announce a $3 billion takeover of Procter & Gamble Co.'s prescription drug business as early as Monday, The Wall Street Journal has reported, citing unidentified people familiar with the deal. More...

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Flying on its own
Posted by Mary Canady August 23rd, 2009 .
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In a little more than a decade, drug-distribution giant Cardinal Healthcare has built one of the largest businesses in San Diego County without much public notice. More...

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Report: Honda to sell electric cars in US
Posted by Mary Canady August 22nd, 2009 .
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Honda Motor Co. plans to introduce electric vehicles in the U.S. early next decade, joining a growing number of automakers vying for the lead in clean technology development, local media reported Saturday. More...

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FDA approves first drug for infantile spasms
Posted by Mary Canady August 21st, 2009 .
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The Food and Drug Administration on Friday approved the first drug to treat infantile spasms, a rare disorder that can cause hundreds of seizures per day in children less than a year old. More...

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Par Pharma edges higher to finish weekly gains
Posted by Mary Canady August 21st, 2009 .
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Shares of Par Pharmaceutical Cos. continued to rise Friday, capping a week where the company won a patent challenge that could allow it to start selling a generic version of a pain drug, and won FDA approval of a generic blood pressure patch. More...

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NYC mayor: Drug CEOs don’t make much money
Posted by Mary Canady August 21st, 2009 .
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Mayor Michael Bloomberg is defending pharmaceutical companies and their CEOs, declaring that they "don't make a lot of money" and shouldn't be scapegoats in the health care debate. More...

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Warner Chilcott completes move to Ireland
Posted by Mary Canady August 21st, 2009 .
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Drug developer Warner Chilcott said Friday it completed its move to Ireland from Bermuda. More...

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FDA cracks down on ibuprofen pain relief gels
Posted by Mary Canady August 20th, 2009 .
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The Food and Drug Administration has issued warnings to eight companies for illegally marketing pain relief ointments containing ibuprofen. More...

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Angiotech announces US launch of embolism filter
Posted by Mary Canady August 20th, 2009 .
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Angiotech Pharmaceuticals Inc. said Thursday it has launched a filter designed to prevent blockages in an artery that feeds the lungs. More...