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Mylan created Dutch-style poison pill to protect itself
2015-05-02 11:52:23| Biotech - Topix.net
Mylan's recent reincorporation in the Netherlands was part of the generic drugmaker's strategy to reduce its global tax bill. But the shift, accomplished while keeping its operational headquarters in Cecil, came with another benefit: a European-style poison pill that could help Mylan thwart a hostile, $43 billion takeover bid from Israeli drugmaker Teva Pharmaceutical Industries.
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Gilead lifted by $3.6B 1Q sales of newest hepatitis C pill
2015-05-01 02:36:04| Biotech - Topix.net
Gilead Sciences raked in $3.6 billion from sales of its newest hepatitis C pill, lifting the drugmaker's results past Wall Street expectations. Meanwhile, sales of Gilead's previous hepatitis C drug, Sovaldi, dropped 57 percent to $972 million.
Mylan's Poison Pill May Fail to Deter Teva
2015-04-29 13:29:10| Biotech - Topix.net
An employee works with sterile products during the manufacture of pharmaceuticals inside Teva Pharmaceutical Industries Ltd.'s new factory in Godollo, Hungary. Photographer: Akos Stiller/Bloomberg Mylan NV's Dutch poison pill may give Teva Pharmaceutical Industries nothing more than a passing headache in its $40.1 billion attempt to buy the rival generic-drug maker.
Gilead's $1,000 Hep C Pill Is Hard for States to Swallow
2015-04-09 07:36:06| Biotech - Topix.net
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GlaxoSmithKline's popular nonprescription diet pill alli back in new tamper-resistant package
2015-02-25 15:05:00| Biotech - Topix.net
The British drugmaker voluntary recalled the product last March after finding some packages in stores didn't contain real alli, indicating tampering after shipment. The Food and Drug Administration is still investigating.
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