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Amgen’s Vectibix meets goal in colon cancer study
Posted by Mary Canady August 17th, 2009 .
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Biotechnology company Amgen Inc. said Monday its cancer drug Vectibix met the key treatment goals in a late-stage study focusing on patients with colon cancer. More...

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AmerisourceBergen names new chief of drug division
Posted by Mary Canady August 17th, 2009 .
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Drug distributor AmerisourceBergen Corp. said Monday it promoted the head of its specialty drug division to lead Amerisource Drug Corp., the company's largest subsidiary. More...

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Wyeth calls for redemption of senior debentures
Posted by Mary Canady August 17th, 2009 .
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Drugmaker Wyeth said Monday it has called for the full redemption of its outstanding floating rate convertible senior debentures due in 2024 on Sept. 15. More...

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Par claims patent win in dispute over pain drug
Posted by Mary Canady August 17th, 2009 .
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Generic drug developer Par Pharmaceutical Companies Inc. said Monday a federal court in Delaware ruled in the company's favor in a patent dispute over the pain drug Ultram ER. More...

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Novartis says FDA approves interferon drug for MS
Posted by Mary Canady August 17th, 2009 .
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Novartis AG said Monday the U.S. Food and Drug Administration approved its drug Extavia, a form of interferon intended to treat multiple sclerosis. More...

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Mexico cartels go from drugs to full-scale mafias
Posted by Mary Canady August 16th, 2009 .
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Shopkeepers in this pine-covered mountain region easily recite the list of "protection" fees they pay to La Familia drug cartel to stay in business: 100 pesos a month for a stall in a street market, 30,000 pesos for an auto dealership or construction-supply firm. More...

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FDA warns of faulty results with blood sugar tests
Posted by Mary Canady August 14th, 2009 .
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The Food and Drug Administration is warning diabetes patients that certain blood sugar tests can give inaccurate results in patients taking other medications. More...

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Schering-Plough gets FDA approval for Saphris
Posted by Mary Canady August 14th, 2009 .
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Schering-Plough Corp.'s new drug for schizophrenia and bipolar disorder, Saphris, has been approved by the Food and Drug Administration. More...

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Medicare drug premiums to rise slightly in 2010
Posted by Mary Canady August 14th, 2009 .
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Seniors enrolled in Medicare can expect to see a $2 increase in their monthly payment for prescription drug coverage next year. More...

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Federal court OKs suit alleging kickbacks by J&J
Posted by Mary Canady August 13th, 2009 .
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A federal appeals court has revived a multibillion-dollar Medicare fraud case brought by whistle-blowers alleging Johnson & Johnson paid doctors kickbacks to prescribe an expensive drug in a strategy to boost sales. More...