Yahoo! News: Business - Pharmaceutical

Judge urges Eli Lilly to settle Zyprexa lawsuit (AP)

Fri, 04 Jul 2008 02:52:56 GMT

AP - A federal judge in New York is urging Eli Lilly and Co. to settle a multibillion-dollar lawsuit filed by insurance companies, unions and others who claim the pharmaceutical giant overpriced its top-selling drug Zyprexa and exaggerated its usefulness.

2 drug firms to appeal $114M price fraud verdict (AP)

Thu, 03 Jul 2008 22:26:03 GMT

AP - Two large pharmaceutical companies said Thursday they will appeal a jury verdict ordering them to pay more than $114 million for overcharging the state's Medicaid program for prescription drugs.

'Containers' Out Perform Virtualization For KV Pharmaceuticals (TechWeb)

Thu, 03 Jul 2008 21:00:00 GMT

TechWeb - InformationWeek - With a container approach from Parallels' Virtuozzo, memory consumption and processor overhead are reduced through the use of one operating system per host.

Astra shares up 6 pct on Seroquel court ruling (AP)

Wed, 02 Jul 2008 11:45:00 GMT

AP - Shares in AstraZeneca PLC jumped 6 percent Wednesday after the drug maker won a key patent battle in the United States over Seroquel, its anti-psychotic drug and second-best seller.

SureScripts, RxHub Merge To Expand E-Prescribing Network (TechWeb)

Tue, 01 Jul 2008 18:20:00 GMT

TechWeb - InformationWeek - The combination will form a single secure national network for the exchange of prescription related data between physicians, pharmacies, and prescription benefit management organizations.

Drug chains and benefits managers team on e-prescriptions (Reuters)

Tue, 01 Jul 2008 14:47:37 GMT

<a href="http://us.rd.yahoo.com/dailynews/rss/pharmaceutical/*http://news.yahoo.com/s/nm/20080701/bs_nm/electronic_prescribing_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080701/2008_07_01t104638_450x322_us_electronic_prescribing.jpg?x=130&y=93&q=85&sig=OIz1MEzrie9aJcorTQTjUQ--" align="left" height="93" width="130" alt="A pharmacist works at a pharmacy in Toronto, January 31, 2008. (Mark Blinch/Reuters)" border="0" /></a>Reuters - Chain drug stores including Walgreens and pharmacy benefits managers like Medco Health Solutions are combining their electronic networks to speed adoption of computerized prescriptions.

Medication managers, drug stores merge networks (AP)

Tue, 01 Jul 2008 04:15:12 GMT

AP - The drug store and pharmacy benefit management industries on Tuesday will announce a combination of their information systems in order to boost electronic prescribing by physicians.

Lilly agrees to settle discrimination lawsuit (AP)

Tue, 01 Jul 2008 02:33:28 GMT

AP - Drug maker Eli Lilly and Co. will pay $64,400 to settle a lawsuit accusing the company of withholding severance pay to force a longtime employee to withdraw a discrimination charge.

Kmart expands generic drug program (Reuters)

Mon, 30 Jun 2008 20:03:52 GMT

<a href="http://us.rd.yahoo.com/dailynews/rss/pharmaceutical/*http://news.yahoo.com/s/nm/20080630/us_nm/kmart_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080630/2008_06_30t152313_348x450_us_kmart.jpg?x=100&y=130&q=85&sig=CrxGZrlR.3pQPnARtr_6KA--" align="left" height="130" width="100" alt="A Kmart store in Round Lake Beach, Illinois, is seen in this November 17, 2004 file photo. (John Gress/Reuters)" border="0" /></a>Reuters - Retailer Kmart said on Monday it has expanded its generic prescription drug program to include more than 500 common medications from about 300 and cut prices for some products as of June 22.

Accidental fungus leads to promising cancer drug (Reuters)

Sun, 29 Jun 2008 22:28:55 GMT

<a href="http://us.rd.yahoo.com/dailynews/rss/pharmaceutical/*http://news.yahoo.com/s/nm/20080629/sc_nm/cancer_nanoparticles_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080630/2008_06_30t111517_450x438_us_cancer_nanoparticles.jpg?x=130&y=126&q=85&sig=ZizdTCZ3THlp4ujg35s69Q--" align="left" height="126" width="130" alt="A Lodamin nanoparticle with TNP-470 (the drug's active ingredient) at the core, protected by two short polymers (PEG and PLA) that allow TNP-470 to be absorbed intact when taken orally is seen in an undated handout illustration. (Children's Hospital Boston/Handout/Reuters)" border="0" /></a>Reuters - A drug developed using nanotechnology and a fungus that contaminated a lab experiment may be broadly effective against a range of cancers, U.S. researchers reported on Sunday.

Rite Aid posts 1Q loss amid acquisition expenses (AP)

Thu, 26 Jun 2008 21:28:48 GMT

AP - Rite Aid Corp. swung to a big first-quarter loss as it spent heavily to absorb more than 1,850 newly acquired stores and offered promotions on food and toiletries that hurt profits.

Plastics expert wins $500K Lemelson-MIT award (AP)

Wed, 25 Jun 2008 04:05:45 GMT

AP - Consumers have environmentally friendlier plastics, patients in clinical trials have a new device to treat clogged arteries and we all might get disease-treating nanoparticles inside our bodies thanks in part to the work of one man, the winner of this year's Lemelson-MIT Prize.

Bayer and Barr agree oral contraceptive deal (Reuters)

Tue, 24 Jun 2008 09:28:30 GMT

<a href="http://us.rd.yahoo.com/dailynews/rss/pharmaceutical/*http://news.yahoo.com/s/nm/20080624/bs_nm/barr_bayer_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080624/2008_06_24t043546_323x450_us_barr_bayer.jpg?x=93&y=130&q=85&sig=TvbhtShYURlZkqWmUlwDtw--" align="left" height="130" width="93" alt="The Bayer AG logo is seeing at a house during the company annual news conference in Leverkusen, March 15, 2005. (Kirsten Neumann/Reuters)" border="0" /></a>Reuters - Germany's Bayer AG agreed to supply a generic version of its Yasmin oral contraceptive for Barr Pharmaceuticals Inc to market in the United States in return for a fixed portion of sales.

Walgreen quarterly profit rises 2 percent (Reuters)

Mon, 23 Jun 2008 17:17:14 GMT

<a href="http://us.rd.yahoo.com/dailynews/rss/pharmaceutical/*http://news.yahoo.com/s/nm/20080623/bs_nm/walgreen_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080702/2008_07_02t091837_450x248_us_walgreen.jpg?x=130&y=71&q=85&sig=.ExO1Wv5LM5dBsZ9hpia2A--" align="left" height="71" width="130" alt="The sign at a Walgreens store is seen in Golden, Colorado, June 25, 2007. (Rick Wilking/Reuters)" border="0" /></a>Reuters - Walgreen Co on Monday posted a 2 percent increase in quarterly profit as a weak U.S. economy and slowing growth in demand for prescription drugs muted sales.

"Virtual man" may ease drug R&D woes: report (Reuters)

Thu, 19 Jun 2008 23:09:30 GMT

Reuters - New computing technologies and the evolution of a "virtual man" to predict the effects of new drugs before they enter clinical trials could transform the fortunes of pharmaceutical research, a report said on Friday.

Icahn loses campaign to change Biogen Idec board (AP)

Thu, 19 Jun 2008 18:34:19 GMT

AP - Carl Icahn lost his campaign to elect a slate of dissident nominees to Biogen Idec Inc.'s board on Thursday, an effort the activist investor hoped would eventually trigger a sale of the 30-year biotechnology firm to a major pharmaceutical company.

CORRECTED: Counterfeit, pirated goods costing U.S. billions (Reuters)

Thu, 19 Jun 2008 00:13:03 GMT

Reuters - Experts from the automotive, pharmaceutical, and product safety industries told a U.S. Senate panel on Tuesday that counterfeit and pirated goods cost the U.S. economy billions of dollars and jeopardize the safety of consumers.

Roche announces major investment in Swiss units (AFP)

Tue, 17 Jun 2008 07:05:40 GMT

<a href="http://us.rd.yahoo.com/dailynews/rss/pharmaceutical/*http://news.yahoo.com/s/afp/20080617/bs_afp/switzerlandcompanypharmaroche"><img src="http://d.yimg.com/us.yimg.com/p/afp/20080617/capt.cps.mta61.170608090519.photo00.photo.default-512x341.jpg?x=130&y=86&q=85&sig=jFJY77A27tva0BQkT_yZ_g--" align="left" height="86" width="130" alt="The logo of Swiss pharmaceuticals giant Roche on a building in Basel. Roche has announced an investment of 1.2 billion Swiss Francs (US$743 million) in its production and research units in Switzerland(AFP/File/Fabrice Coffrini)" border="0" /></a>AFP - Swiss pharmaceutical giant Roche announced on Tuesday an investment of 1.2 billion Swiss Francs (743 million dollars) in its production and research units in Switzerland.

US FDA sees possible J&J psoriasis drug risks (Reuters)

Fri, 13 Jun 2008 18:31:15 GMT

Reuters - An experimental psoriasis drug from Johnson & Johnson is effective at relieving symptoms but extended use may raise the risk of cancer, U.S. drug reviewers said in documents released on Friday.

Pfizer may counter Daiichi's Ranbaxy bid: report (AFP)

Fri, 13 Jun 2008 06:43:57 GMT

<a href="http://us.rd.yahoo.com/dailynews/rss/pharmaceutical/*http://news.yahoo.com/s/afp/20080613/bs_afp/japanindiapharmacompanypfizertakeoverdaiichisankyo"><img src="http://d.yimg.com/us.yimg.com/p/afp/20080613/capt.cps.msc12.130608083858.photo00.photo.default-512x341.jpg?x=130&y=86&q=85&sig=7HqBX0OGRYwlkmqQMKN69g--" align="left" height="86" width="130" alt="A pharmacy in Mumbai. Pharmaceutical giant Pfizer may make a counter-offer for Indian firm Ranbaxy in an attempt to thwart a takeover bid by Japanese pharmaceutical firm Daiichi Sankyo, a report said(AFP/File/Indranil Mukherjee)" border="0" /></a>AFP - Pharmaceutical giant Pfizer may make a counter-offer for Indian firm Ranbaxy in an attempt to thwart a takeover bid by Japanese pharmaceutical firm Daiichi Sankyo, a report said Friday.