Pfizer Settles Protonix Patent Case for $2.15B by The Associated Press Jun 12th 2013 9:31AM Pfizer says it has reached a $2.15 billion settlement with a couple of generic drugmakers over sales of their versions of the heartburn drug Protonix.
How to Legally Cash In on the Ultimate Cash Crop: Marijuana by Michael Lewis Jun 12th 2013 5:00AM With the ongoing decriminalization of pot come new -- and legal -- ways to invest in the marijuana business. But before you do, there are a few things you need to know.
Big Biotech Sell-Off as Dow Rallies, Nasdaq Edges Up by DailyFinance Staff Jun 3rd 2013 4:35PM A split decision on Wall Street, and a big sell-off for biotech stocks. Some of the biggest Nasdaq stocks, and best performers this year, gave back some of their recent gains.
FTC Clears Bayer's Purchase of Conceptus by The Associated Press May 29th 2013 8:04AM The German drug company Bayer AG has received antitrust clearance from the Federal Trade Commission for its approximately $1.1 billion acquisition of Conceptus.
Valeant Pharmaceuticals to Buy Bausch & Lomb for $8.7B by Reuters May 27th 2013 10:15AM The maker of Welbutrin will pay nearly $9 billion for Bausch & Lomb, which makes eye-care products.
Judge Denies FDA Bid to Stay 'Morning-After' Pill Ruling by The Associated Press May 10th 2013 12:37PM A federal judge Friday declined to temporarily halt a court order directing the FDA to make emergency contraception available over-the-counter to girls of all ages.
Americans' Rx Drug Spending Shows Rare Drop in 2012 by The Associated Press May 9th 2013 10:50AM Spending on prescription medicines in the U.S. fell for the first time in decades last year, as cash-strapped consumers continued to cut back on use of health-care services.
Markets at Record Levels; More Bad News for J.C. Penney by DailyFinance Staff May 8th 2013 9:20AM The Dow Industrials closed yesterday above the 15,000 level for the first time. It's the Dow's 16th record this year. The S&P 500 also set another record.
Pfizer to Begin Online Sales of Viagra by The Associated Press May 6th 2013 7:45AM In a first for the drug industry, Pfizer says it will sell begin selling erectile dysfunction pill Viagra directly to patients on its website.
CVS Earnings Rise on Cold, Flu Season Sales by Reuters May 1st 2013 7:51AM CVS posted higher quarterly profit on Wednesday, as a more severe cold and flu season boosted sales and more new generic drugs hit the market.
BP, Beset by Lawsuits, Set to Jump on Strong Earnings by DailyFinance Staff Apr 30th 2013 9:00AM BP is set to jump after earnings blew past expectations. The company has also been hit by 2200 new lawsuits in recent weeks, as a deadline for new oil spill claims nears.
Pfizer 1Q Profit Rises, but Trims Full-Year Outlook by Reuters Apr 30th 2013 7:58AM Pfizer reported lower-than-expected quarterly earnings and revenue and the largest U.S. drugmaker trimmed its full-year profit outlook.
Top Executives Leaving JPMorgan, Avon by DailyFinance Staff Apr 29th 2013 9:00AM Another top executive is leaving JPMorgan Chase: one of two COOs will become the ninth exec to leave in the past year and a half. And Avon chairman Fred Hassan has resigned.
Bayer to Buy Calif. Birth-Control Device Maker for $1B by Reuters Apr 29th 2013 7:33AM Bayer has agreed to buy U.S. contraceptive devices maker Conceptus for $1.1 billion, aiming to underpin its position as the world's largest women's healthcare provider.
Bristol-Myers Earnings Plunge as Sales of Plavix Plummet by The Associated Press Apr 25th 2013 10:30AM Bristol-Myers Squibb posted a 45 percent drop in first-quarter profit as revenue from its Plavix blood-thinning drug plunged 95%.
FDA Blocks Generic OxyContin, Widely Abused Narcotic by DailyFinance Staff Apr 17th 2013 12:20PM Regulators said yesterday that generic drugmakers would not be licensed to make cheap versions of Purdue Pharma's OxyContin, a powerful and widely abused narcotic.
Abbott Labs Posts Strong First-Quarter Growth by Reuters Apr 17th 2013 8:32AM Abbott Labs reports higher earnings from continuing operations, as demand for its nutritional and diagnostic products offset declining sales of the company's medical devices.
Bristol-Myers Squibb Expansion to Add 350 Jobs by The Associated Press Apr 12th 2013 7:07AM Drugmaker Bristol-Myers Squibb plans to spend about $250 million expanding a manufacturing complex it opened in 2009 for biologic treatments.
Drugmaker Eli Lilly Plans to Cut Hundreds of Sales Jobs by The Associated Press Apr 12th 2013 6:11AM Eli Lilly plans to cut hundreds of workers from its U.S. sales force as the drugmaker prepares to deal with the loss of patent protection for two more top-selling drugs.
5 Companies Set to Cash In on America's Aging Population by Dan Caplinger Apr 4th 2013 5:00AM America is getting older, and that demographic trend will challenge society in new ways. But it will also mean profit for businesses that offer what seniors want and need.
Why CVS Charges $133 More Than Costco for Generic Lipitor by CNNMoney Apr 3rd 2013 10:36AM A Consumer Reports study finds huge price differences between retailers for generic drugs. Here's why you can save hundreds by getting your Lipitor at Costco instead of CVS.
Germany's Merz Pharma Offers to Buy Obagi for $383.5M by The Associated Press Apr 2nd 2013 9:23AM German drugmaker Merz Pharma said Tuesday that it wants to buy dermatology products maker Obagi for about $383.5 million, topping a previous offer from Valeant.
S&P Record a Real Achievement, But Pullback Possible by DailyFinance Staff Apr 1st 2013 8:55AM The Dow and the Nasdaq edged higher last week, but the S&P 500 stole the show: It gained 0.8% and ended the week at a record high for the first time in five-and-a-half...
UPS Agrees to Pay $40M to End Online Pharmacy Probe by The Associated Press Mar 29th 2013 2:32PM Shipping company UPS agreed Friday to pay $40 million to end a federal criminal probe connected to deliveries it made for illicit online pharmacies.
