Last month, Mylan Chairman Robert Coury challenged suitor Teva to either put up a formal bid or step aside and let his company proceed with its plan to pursue its own target, Perrigo. And he may be getting what he asked for.
Hospira continues to forge a new market reality around biosimilars, capturing wide swathes of market share with deep discounts for its biosimilar of Merck's arthritis blockbuster Remicade. Hospira has reportedly captured a public contract in France by offering a price that amounts to a 45% savings. Read more >>
Out with the old guard, in with the new. In another sign that Big Biotech is elbowing into the top levels of pharma, Celgene has agreed to buy Merck & Co.'s old campus in Summit, NJ, adding the sprawling 1.3-million-square-foot complex to its already growing operations in the city. Read more >>
Dr. Nathalie Adda was named CMO of Enanta Pharmaceuticals this week as the company prepares to advance its internal virology and liver disease programs. Read more >>
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Drugmakers can't be excited about the wave of consolidation going through the health insurance business. After all, pharma knows firsthand how mergers can put the screws to prices; just think of Express Scripts and its Medco buyout.
AstraZeneca and Teva Pharmaceutical's Cephalon are forking over more than $50 million to settle claims by the U.S. government that the companies underpaid rebates owed through Medicaid prescription drug programs, the latest chapter in the Department of Justice's crackdown on Medicaid and Medicare fraud.
Last week, analysts pointed out that Horizon Pharma had plenty of potential buyouts to choose from, unlike bigger companies looking for bigger deals. Now, the $5 billion market-cap company has zeroed in on a target: Depomed, the pain drug specialist.
Back in late 2013, Mylan moved into a new headquarters in an office park near Pittsburgh--a 5-story building for about 700 employees.
A Detroit doctor used a "beyond aggressive" approach to cancer treatment to reap millions in drug reimbursements, an expert witness said as the oncologist's criminal trial opened Monday.
As the market for psoriasis meds heats up, companies are throwing down some hefty chunks of change to snag airtime for their TV spots.
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A research team at Massachusetts General Hospital has developed a lightweight, portable system that produces nitric oxide from the air by means of electric spark.
Chinese medical device player Mindray Medical was down 7% in early trading on the news that it would acquire the remaining stake of orthopedics player Wuhan Dragonbio Surgical Implant Co. Mindray first gained a controlling stake in Dragonbio for $35.5 million in 2012. Investors may be taking the deal as a sign that a June take-private offer is now off the table. The deal is slated to close this month.