> Bayer and Onyx Pharmaceuticals got the FDA's nod to market Nexavar to treat liver cancer; the drug already is used against kidney cancer. Report [1]
> Surgical equipment maker Gyrus recommended that its shareholders accept a $1.9 billion cash tender offer from Olympus, the Japanese camera company. Report [2]
> Schering-Plough has wrapped up its acquisition of Organon BioSciences. Report [3]
> Sales of over-the-counter cold meds for kids have fallen sharply since an FDA panel concluded they shouldn't be used in children younger than 6. Report [4]
> India's Plethico Pharma is buying U.S.-based Natrol, a manufacturer and marketer of nutritional products, for $80.7 million. Report [5]
> A Dallas whistleblower has implicated a multitude of surgical suppliers in a Medicare-fraud suit just unsealed in federal court. Report [6]
And Finally... The much talked-about Baby Boomer generation is heading into their 50s--and they're looking to biotechnology to not only to extend their lives, but to make their later years better. Report [7]
Links:
[1] http://www.chron.com/disp/story.mpl/ap/fn/5313187.html
[2] http://www.ft.com/cms/s/0/2bbbf50a-9690-11dc-b2da-0000779fd2ac.html?nclick_check=1
[3] http://money.cnn.com/news/newsfeeds/articles/prnewswire/NYM07419112007-1.htm
[4] http://www.washingtonpost.com/wp-dyn/content/article/2007/11/17/AR2007111701467.html?sub=AR
[5] http://www.business-standard.com/common/storypage_c_online.php?leftnm=11&bKeyFlag=IN&autono=30230
[6] http://www.nytimes.com/2007/11/18/business/18whistle.html?pagewanted=1&ei=5087&em&en=da2e075a8af257e7&ex=1195621200
[7] http://www.fiercebiotech.com/story/baby-boomers-drive-biotech/2007-11-19