Latest news on ‘Health & Drug’
-
J&J Third-Quarter Sales Decline on Recalled Medicines
Bloomberg – Johnson & Johnson, the world’s largest health-products company, reported third-quarter revenue that missed analysts’ estimates as recalls of children’s medicines hurt sales of consumer products.
Total sales fell 0.7 [...] -
Now It’s Officially Hostile With Sanofi And Genzyme
Forbes – French pharmaceutical giant Sanofi-Aventis ( SNY – news – people ) on Monday announced it has made a hostile takeover bid for biotech company Genzyme ( GENZ – [...]
-
J&J lawyers: FDA knew of secret 2009 Motrin recall
NEW BRUNSWICK, N.J. (AP) — Lawyers for Johnson & Johnson insist government regulators knew the company was secretly pulling packets of ineffective Motrin from store shelves last year, rather than [...]
-
J&J Close To Buying Crucell For $2.3 Billion
Health care conglomerate Johnson & Johnson announced Friday that it’s in advanced talks to acquire Dutch biopharmaceutical firm Crucell for approximately $2.3 billion in an effort to bulk up its [...]
-
LifePoint Hospitals OKs $150M stock buyback plan
BRENTWOOD, Tenn. – LifePoint Hospitals Inc. said Thursday it plans to buy back up to $150 million of its common stock over the next 18 months.
The company has already repurchased [...] -
Diabetes pill controversy shows rift in FDA ranks
WASHINGTON (AP) – The diabetes pill Avandia has been used by millions of patients and racked up billions in sales in more than a decade on the market. This week [...]
-
Merck To Close 16 Facilities, Part Of Schering Deal
Merck & Co. (MRK) said Thursday that it would close eight research sites and eight manufacturing plants to hit cost-saving targets promised as a result of last year’s takeover of [...]
-
Health overhaul first provisions start to kick in
WASHINGTON (AP) — The first stage of President Barack Obama’s health care overhaul is expected to provide coverage to about 1 million uninsured Americans by next year, according to government [...]
-
Covidien to Pay $2.6 Billion for Device Maker Ev3
(Bloomberg) — Covidien Plc, the medical-equipment company spun off from Tyco International Ltd., agreed to buy ev3 Inc. for $2.6 billion to add products for heart disease.
Covidien will pay [...] -
Pfizer cuts hundreds of jobs in Britain and Ireland
Andrew Clark in New York – largest drugs company, Pfizer, is to dispose of eight factories and cut 6,000 jobs, including hundreds of positions in Britain and Ireland, as it [...]
