GSK Finds Potential Weapon Against 'Superbugs'

Drug-resistant bacteria has become a pressing public health problem, exacting a rising human and financial toll. GlaxoSmithKline announced that it has found a compound that could help attack such "superbugs".

Multiple Suitors Could Be Looking to Buy Genzyme

Rumors are that Sanofi has proposed to buy Genzyme for $70 a share. But Sanofi isn't the only one looking to deal. Analysts believe the likes of Pfizer and the U.K. 's GlaxoSmithKline have expressed an interest, as well. And others could be considering a bid also.

Legal Briefing: Restrictive Gun Law OKed By Court

In a case that tested the boundaries of the Supreme Court's recent expansion of Second Amendment gun rights, the Third Circuit Court of Appeals ruled that some limits still apply: A federal law banning the possession of a gun with an obliterated serial number is constitutional, the court said.

FDA Panel Votes to Keep Avandia on Market

GlaxoSmithKline's diabetes drug Avandia has been found to have increased heart attack risk compared to other similar medication. But a majority of the Food and Drug Administration's panel of outside experts have voted to keep the drug on the market -- though new restrictions are likely.

GlaxoSmithKline Settles 10,000 Avandia Lawsuits

GlaxoSmithKline, whose diabetes drug Avandia is undergoing a safety review by the FDA, has agreed to pay about $460 million to resolve about 10,000 lawsuits from users of the drug, which can allegedly cause heart attacks and strokes.

FDA Panel Scrutinizing Diabetes Drug Avandia

On Tuesday, the FDA will convene a panel of experts to discuss GlaxoSmithKline's type II diabetes drug Avandia. Once a blockbuster, sales of the drug have dropped by more than half since studies suggested it significantly increases risk for serious heart problems.

Avandia Linked to Heart Attacks in Two New Studies

GlaxoSmithKline's diabetes drug Avandia once again captured headlines Monday morning after two new studies linked it to heart attacks and other cardiovascular complications. The authors of the studies say the results should prompt the FDA to pull the drug from the market.

Merck Gets FDA Nod for Asthma Drug

Merck (MRK) today announced that the U.S. Food and Drug Administration has approved its respiratory drug Dulera for Asthma patients 12 years of age and older. Dulera is a new two-in-one, fixed-dose combination, which was developed by Schering-Plough and then inherited by Merck when it acquired its smaller rival last year.

Fund Focus: When Instinct Beats a Spreadsheet

Atlanta-based fund manager Marc Heilweil is an old-school investor who usually outperforms the competition by using his instincts -- not spreadsheets crammed with numbers -- to spot good companies at those rare times when they are trading cheaply.

FDA May Halt Safety Study on Diabetes Drug Avandia

The FDA is considering halting a safety study on GlaxoSmithKline's diabetes drug Avandia, The Wall Street Journal reported Sunday. Previous studies have linked Avandia to an increased risk of heart attacks. The implication is a serious threat to the continued sale of Avandia in the U.S.

Experts Face Off on Prostate Cancer Drugs

If you could prevent cancer by taking a pill, would you? Probably. Should you? That's a matter of debate among doctors. Merck's Proscar and now GlaxoSmithKline's Avodart have been shown in stidues to cut prostate cancers. But whether those studies are conclusive is the question.

Drugged and Dosed: Do Americans Take Too Many Mind-Altering Meds?

Two new books raise some deep questions about the American concept of mental health: One is a searing investigation of how we export, not just our drugs, but our idea of mental illness. The other is the upcoming revision of the psychiatric diagnostic manual, which proposed some very necessary changes to the standards of treatment.

FDA Approves Pfizer's Pediatric Vaccine Prevnar 13

The FDA has finally approved the vaccine Prevnar 13, developed to protect children aged 6 weeks through 5 years against 13 varieties of the Streptococcus pneumoniae bacteria, which can cause such serious illnesses as sepsis, meningitis and pneumonia.

Now, Two Senators Want GSK's Avandia Pulled from the Market

After a two-year investigation, Democrat Max Baucus and Republican Chuck Grassley have issued a detailed report questioning the safety of GlaxoSmithKline's Diabetes Drug Avandia, renewing concerns that it increases the risk of heart attack.

What's Really Going On With Jobs?

Entering February, a mixed picture on employment has developed: Job cuts in January reached their highest total since August, but still represent a 70% reduction from the same time a year ago, when they peaked at 241,749. What's going on?

Big Pharma Is Still Cutting Jobs, at Least in the West

First it was restructurings to adjust to fewer patented blockbusters. Then it was the recession. Now it's just more of the same as SmithKlineGlaxo and AstraZeneca add to the unemployment rolls. In the West, that is. Hiring is strong in emerging markets.

The Gates Foundation Goes Big on Vaccines

"We must make this the decade of vaccines," declared Bill Gates on Jan. 29. He and his wife, Melinda, are putting $10 billion of their Gates Foundation funds into helping research, develop and deliver vaccines for the world's poorest countries.