> Merck KGaA bought the rights to distribute 30 of Bristol-Myers Squibb's prescription drugs in Argentina, Chile and five other Latin American countries for an undisclosed price. Report [1]

> Shire named Graham Hetherington as its new CFO and director as of July 1; Hetherington, formerly CFO of Bacardi, will replace Angus Russell, who's taking over as CEO of the U.K.-based drugmaker. Release [2]

> Allergan has inked a deal to buy QLT's Aczone gel 5 percent product, a topical treatment for acne vulgaris, for $150 million. Report [3]

Perrigo filed an abbreviated new drug application with the FDA to market a generic version of Medicis Pharmaceuticals' Vanos cream; Medicis already has filed suit to keep the copy off the market. Report [4]

> When asked which company stood out at last week's ASCO conference in Chicago, oncologists cited Genentech at the top of the list, according to a survey by oncology data specialist AlphaDetail. Release [5]

> Express Scripts is selling its infusion pharmacy business to a subsidiary of Walgreen for an undisclosed amount, the pharmacy benefit manager announced Tuesday. Report [6]

> The RPM Report focuses on a new effort to revise and improve the way the FDA approves proposed proprietary drug names. Report [7]

> The University of Miami medical school says that a new, 1.4 million square foot laboratory complex will help propel development of a new biotech cluster in the region. Report [8]

> Researchers are unveiling positive data at the American Diabetes Association's meeting for new DPP-4 inhibitors for diabetes. Report [9]

> CytRx has inked a deal to buy Innovive Pharmaceuticals, adding its four experimental oncology therapies to its pipeline. Report [10]

And Finally... Medical researchers are homing in on a wonder drug that may significantly reduce the risk of heart disease, cancer, diabetes and many other diseases--sunshine. Report [11]