> Roche expects sales of its weight-loss drug Xenical to drop in Australia, now that the country has banned direct-to-consumer advertising of the product. An Australian court recently put the kibosh on Xenical advertising because of concerns that it was being sold to people who didn't need it. Report [1]
> The FDA is set to review new formulations of the Sciele calcium-channel blocker Sular. The new versions of the drug use a controlled-release delivery technology developed by Skyepharma - known as Geomatrix - designed to provide a lower dose of Sular for each of its current dosing levels. Report [2]
> British drug-and-alcohol testing company Concateno has agreed to buy Cozart, a drug-testing firm, for about $129 million. Report [3]
> In a cost-cutting move, Bayer is pulling out of the New York Stock Exchange and de-registering with the U.S. Securities and Exchange Commission. Bayer isn't the first foreign company to do so; U.S. reporting rules and other red tape are costly. Bayer expects to save 15 million euros a year from the move. Report [4]
And Finally...Perhaps the FDA needs to consider slapping a black box onto Orville Redenbacher. Apparently, microwave popcorn presents health risks not only for the workers who make it - remember the rare lung disease contracted by some from the butter-flavored additive diacetyl? - but also for us poor slobs who pop open a sack on movie night. Report [5]
Links:
[1] http://www.forbes.com/afxnewslimited/feeds/afx/2007/09/05/afx4082756.html
[2] http://www.hemscott.com/news/latest-news/item.do?newsId=49372796640262
[3] http://www.business-sale.com/concateno-to-buy-cozart-for-644m-bsr-aquisitions-12591324A.html
[4] http://www.rte.ie/business/2007/0905/bayer.html
[5] http://www.nytimes.com/2007/09/05/us/05popcorn.html?_r=1&ref=health&oref=slogin