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Mylan makes official bid for Perrigo in generic drug contest
2015-04-24 18:49:57| Biotech - Topix.net
Generic drugmaker Mylan is making official its $32 billion-plus offer for over-the-counter medicines maker Perrigo despite opposition from a larger rival that wants to buy Mylan. Perrigo Co.
AstraZeneca profit falls as patent expires on heartburn drug
2015-04-24 11:25:39| Biotech - Topix.net
Anglo-Swedish drug-maker AstraZeneca PLC reported a 7 percent fall in net profit for the first quarter of 2015, as cheaper copies of one of its best-sellers ate into sales. Net profit for the three months to March 31 was $1.37 billion, down from $1.47 billion a year earlier.
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Drug firm Teva bids $40bn for Mylan
2015-04-21 17:21:09| BBC News | Business | UK Edition
Generic drug company Teva proposes to buy rival Mylan in a deal that could be worth $40.1bn.
Studies: Merck drug Keytruda effective against 3 cancers
2015-04-19 20:16:47| Biotech - Topix.net
One of the hot new cancer immunotherapy drugs, Merck & Co.' s Keytruda, strongly benefited patients with melanoma, lung cancer and mesothelioma, according to three studies presented Sunday at the American Association for Cancer Research conference in Philadelphia.
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FDA approves drug to fight heart failure - Sun, 19 Apr 2015 PST
2015-04-19 11:52:31| Biotech - Topix.net
Patients with chronic heart failure, a disabling, deadly disease that worsens as the heart gradually pumps less efficiently, are getting a much-needed new option with U.S. approval of a novel drug from Amgen Inc. Corlanor is the first medication in a dozen years for heart failure, which is becoming more common with obesity - and more people surviving heart attacks due to better treatments. Meanwhile, the Food and Drug Administration is reviewing another heart failure pill, from Novartis AG, and could approve it this summer.
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