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Pharma newsJudge urges Eli Lilly to settle Zyprexa lawsuit (AP)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.
Categories: Pharma News
2 drug firms to appeal $114M price fraud verdict (AP)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.
Categories: Pharma News
'Containers' Out Perform Virtualization For KV Pharmaceuticals (TechWeb)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.
Categories: Pharma News
Astra shares up 6 pct on Seroquel court ruling (AP)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.
Categories: Pharma News
Jury: 2 drug firms owe Ala. $114M in price fraud (AP)AP - A state court jury on Tuesday found two major pharmaceutical companies defrauded Alabama in a long-running Medicaid drug pricing scheme and ordered the firms to pay more than $114 million in damages.
Categories: Pharma News
SureScripts, RxHub Merge To Expand E-Prescribing Network (TechWeb)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.
Categories: Pharma News
Drug chains and benefits managers team on e-prescriptions (Reuters)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. Categories: Pharma News
Medication managers, drug stores merge networks (AP)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.
Categories: Pharma News
Lilly agrees to settle discrimination lawsuit (AP)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.
Categories: Pharma News
Ala. lawyer asks jury for $800M in drug fraud case (AP)AP - An attorney for Alabama asked jurors Monday to award the state as much as $800 million from two pharmaceutical companies accused of overcharging for Medicaid drugs.
Categories: Pharma News
Kmart expands generic drug program (Reuters)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. Categories: Pharma News
Accidental fungus leads to promising cancer drug (Reuters)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. Categories: Pharma News
Rite Aid posts 1Q loss amid acquisition expenses (AP)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.
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Plastics expert wins $500K Lemelson-MIT award (AP)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.
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Bayer and Barr agree oral contraceptive deal (Reuters)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. Categories: Pharma News
Walgreen quarterly profit rises 2 percent (Reuters)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. Categories: Pharma News
"Virtual man" may ease drug R&D woes: report (Reuters)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.
Categories: Pharma News
Icahn loses campaign to change Biogen Idec board (AP)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.
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CORRECTED: Counterfeit, pirated goods costing U.S. billions (Reuters)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.
Categories: Pharma News
Counterfeit, pirated goods costing U.S. billions (Reuters)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.
Categories: Pharma News
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