Abbott Labs buying Solvay's drug business for $6.6B bln in an overseas deal to boost portfolioSeptember 30th, 2009 Abbott buys Solvay pharma operations for $6.6BNEW YORK — Abbott Laboratories is buying the pharmaceutical business of Belgian chemicals maker Solvay for $6.6 billion in a move to further expand internationally and add to its product portfolio. North Chicago, Ill.-based Abbott already holds U.S.
US freezes assets of 6 Mexicans for ties to firm that allegedly sent meth precursor to cartelSeptember 3rd, 2009 US sanctions 6 Mexicans accused of meth trade tiesMEXICO CITY — The U.S. Treasury Department has imposed sanctions on six Mexicans linked to a pharmaceutical company that allegedly diverted precursor chemicals to a methamphetamine trafficking gang.
Professor seeking federal research funding didn't reveal ties to device maker MedtronicJuly 29th, 2009 Medtronic consultant didn't disclose company tiesWASHINGTON — A Medtronic consultant failed to disclose that he was working for the medical device manufacturer, even while asking Congress for funding to research the company's treatments for soldiers wounded in combat, according to an influential Republican Senator. Dr. David Polly of the University of Minnesota would later bill Medtronic Inc.
Government inspector says drug industry holds undue influence over US medical educationJuly 29th, 2009 Pharma funding for medical classes draws scrutinyWASHINGTON — A government watchdog will tell Congress Wednesday that the pharmaceutical and medical device industries' billion-dollar spending spree for medical education is threatening the judgment of physicians across the country. Nearly all U.S.
Ray Shaw, former AP staffer, chairman of American City Business Journals, dies after bee stingJuly 20th, 2009 Chairman of business journals dies of bee stingCHARLOTTE, N.C. — Ray Shaw, a former Associated Press newsman and chairman of American City Business Journals, has died of complications from an insect sting.
West Pharmaceutical Services buys Plastef Investissements for undisclosed amountJuly 7th, 2009 West Pharmaceutical buys Plastef InvestissementsLIONVILLE, Pa. — Medical products maker West Pharmaceutical Services Inc.
Par Pharmaceutical offering $150 million in mix of stock, warrantsJune 19th, 2009 Par announces mixed offering for $150 millionNEW YORK — Par Pharmaceutical Cos. said Friday it is selling up to $150 million in a mixed shelf offering and plans to use the proceeds for general corporate purposes.
Australia confirms its first swine flu caseMay 9th, 2009 SYDNEY - A woman who arrived back in Australia on a flight from Los Angeles to Brisbane last week has been confirmed as the country's first swine flu patient. Queensland health authorities said the woman tested 'weak positive' for the new influenza A (H1N1) virus and has already recovered.
Correction: Drugmaker dollars storyMay 1st, 2009 Correction: Drugmaker dollars storyWASHINGTON — In several versions of an April 28 story about a report on the influence of drugmaker money in medicine, The Associated Press reported erroneously that the head of Stanford University's psychiatry department had stepped down under criticism by a U.S. senator over payments made to him by drugmakers.
Report: Drug sales to fall in US, growth slowing globally due to recessionApril 22nd, 2009 Report: Drug sales to fall in US, slow elsewhereTRENTON, N.J. — A new forecast indicates pharmaceutical sales this year will rise globally by the slowest rate in a quarter-century and will actually decline in the U.S.
NYC comptroller reportedly looks into whether Quadrangle failed to disclose finder feesApril 22nd, 2009 NYC comptroller eyes Quadrangle feesNEW YORK — The New York City comptroller's office is reportedly looking into whether private-equity firm Quadrangle Group — once headed by Steven Rattner — misled or deceived city pension funds. Rattner now leads President Barack Obama's auto-industry bailout.
Russia's Sistema group to enter Indian electronics sectorMarch 27th, 2009 CHENNAI - Sistema Corp, a diversified Russian industrial group with interests ranging from telecom and real estate to pharmaceutical and defence equipment, will enter the Indian electronics market through its subsidiary JSC Sitronics, a senior company official has said. 'Sitronics is looking to participate in the Indian market.
Indian medical team in Sri Lanka next weekMarch 7th, 2009 COLOMBO - India will send a medical team to Sri Lanka next week to provide emergency care to civilians displaced by the fighting between security forces and Tamil Tiger rebels in the island's north. 'As agreed between the government of Sri Lanka and government of India, an Indian medical team will arrive in Colombo Monday.
India to send emergency medical unit to Sri LankaFebruary 27th, 2009 NEW DELHI - India Thursday said it would send a full-fledged emergency medical unit to help civilians wounded in the conflict in Sri Lanka and work with Colombo to spur reconstruction process in that country. 'India and Sri Lanka have agreed to work together to address the urgent medical needs of these civilians,' external affairs ministry spokesperson Vishnu Prakash said in a statement here.
Fed Cup: India relegated to Asia Oceania Zone Group IIFebruary 6th, 2009 PERTH - The Indian women's team were relegated to Asia Oceania Zone Group II in Fed Cup tennis after losing 0-3 in the play-off against Chinese Taipei here Saturday. Having lost all the three pool matches, India finished fourth and had to beat Chinese Taipei, the bottom placed team from Pool B, to stay in Group I.