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Higher prices for MS drug help Merck

2013-05-14 12:45:35| Biotech - Topix.net

Higher prices for its multiple sclerosis drug Rebif helped German pharmaceutical and high-tech materials company Merck KGaA post a 54 percent rise in first-quarter profit.

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India drug firm pays record US fine

2013-05-14 08:31:47| BBC News | Business | UK Edition

India's top drugmaker Ranbaxy Laboratories will pay a record fine in the US for lying to officials and selling badly made generic drugs.

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Drug manufacturer agrees to $500 million penalty

2013-05-14 06:31:11| Biotech - Topix.net

A subsidiary of India's largest pharmaceutical company has agreed to pay a record $500 million in fines and penalties for selling adulterated drugs and lying to federal regulators in a case that is part of an ongoing crackdown on the quality of generic drugs flowing into the U.S. Federal prosecutors say the guilty plea by Ranbaxy USA Inc.

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Elan's $1 billion drug royalty deal aids bid defense

2013-05-13 18:07:07| Biotech - Topix.net

Irish drugmaker Elan Corporation has agreed a $1 billion royalties deal that could soothe concerns about its potentially risky acquisition strategy and fend off a takeover bid from Royalty Pharma.

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Drug firm launches Africa initiative

2013-05-10 04:14:54| BBC News | Business | UK Edition

GlaxoSmithKline launches a new partnership with Save the Children to develop medicines to tackle child mortality in Africa.

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