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Food Processing News - Pharmaceutical

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Pharmaceutical

Crucell Confirms Talks for Potential Wyeth Deal

Associated Press
January 08, 2009 - The vaccine producer is being targeted for acquisition by Wyeth, which wants to increase its portfolio of biotech products....
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Biovail Reaches Settlement With Ontario Financial Regulators

Business Wire
January 08, 2009 - The drugmaker is being investigated by the Ontario Securities Commission over specific accounting and financial disclosure practices between 2001 and March 2004....
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Report: Health Care Spending Slowed in 2007

Virginian-Pilot
January 07, 2009 - Consumers turned more to generic drugs instead of brand names to fill their medicine cabinets....
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Depomed's License Agreement With Solvay Clears Antitrust Review

Business Wire
January 07, 2009 - Under the agreement Solvay Pharmaceuticals will have exclusive rights to Depomed's investigational gastric retentive formulation of gabapentin....
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Sun Refuses to Accept Taro's Offer to Mediate

PrimeNewswire
January 07, 2009 - Sun has proposed two takeover prices, and Taro has rejected each as being too low....
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Pfizer Says It's Open to Acquisitions

The Philadelphia Inquirer
January 06, 2009 - Sales of Lipitor, Pfizer's $12 billion-a-year cholesterol fighter, are set to fall in 2011 when generic versions are slated to hit the market....
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PPD Buys Lab From Merck

The News & Observer
January 06, 2009 - The research firm bought Merck's 130,000 square-feet lab and equipment in Wayne, Pa., and hired about 80 Merck employees operating the facility....
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Ranbaxy's Stock Losses Felt by Parent Company Daiichi Sankyo

Kyodo News International, Tokyo
January 06, 2009 - Daiichi plans to make public revised earnings projections for its current business year in light of a 354 billion yen decrease in Ranbaxy's stock value....
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New Code Restricts Drug Companies' Gifts to Doctors

Boston Herald
January 05, 2009 - The Pharmaceutical Research and Manufacturers of America has rolled out its "Code on Interactions with Healthcare Professionals."...
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Purdue Pharma Remains a Potent Force

Fairfield County Business Journal
January 05, 2009 - In mid-November, the company bought up $45 million in Infinity Pharmaceuticals Inc. stock....
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