Companies lobby for FCPA overhaul; Pozen sells Treximet rights for $75M;

@FiercePharma: Ranbaxy on verge of settling with FDA for $400M, an Indian paper reports--which means its Lipitor copy might launch. More | Follow @FiercePharma

> A move is afoot to amend or otherwise clarify the U.S. Foreign Corrupt Practices Act, as government investigators continue to probe pharma companies for potential bribery violations. More

> Pozen ($POZN) sold its U.S. royalty rights on the migraine drug Treximet to a Canadian pension fund for $75 million. Story

> Another former executive is suing KV Pharmaceutical ($KV.A): Melissa Hughes, a former VP, claims the drugmaker interfered with her stock options. Report

> Tokyo plaintiffs are appealing a court decision that overturned a damages verdict against AstraZeneca ($AZN) in a case over its cancer drug Iressa's side effects. Article

> Three workers were injured in a reactor explosion at Aurobindo Pharma's active pharmaceutical ingredients facility in Ranastalam, India. News

> A Senate Democrat is raising questions about a no-bid contract for an experimental smallpox vaccine awarded to Siga Technologies. More

> Generics maker SOHM bought Novatrend, which makes raw materials for pharma products in India. News

> The diabetes treatment metformin showed promise in reducing cancer risk, according to a new study. Piece

Biotech News

@FierceBiotech: Activist investor pursues alternative strategies for Par Pharma. News | Follow @FierceBiotech

@RyanMFierce: GE is pumping another $300M into radiation-dose management tech. Release | Follow @RyanMFierce

@MaureenFierce: U.K. switches to Merck's Gardasil for HPV vaccination. Item | Follow @MaureenFierce

> Novartis grabs European approval of combo pill for high blood pressure. Article

> Developer looks to nanoparticles for smoking cessation vaccine. Story

> Who's got a powerful grip in biopharma? More

Medical Device News

> ArthroCare to pay $74M to settle class action. Story

> Fujifilm to begin trial of 3-D digital mammography tech. News

> Philips gets FDA OK for Ingenuity system. Item

> Toshiba showcases imaging systems at RSNA conference. Piece

Biotech IT News

> Roche, BGI team on new capture tech for genetics studie. Article

> GNS Healthcare CEO launches Forbes blog. More

> Mining data on FDA-OK'd drugs leads to potential cancer treatment. News

And Finally... Should off-label marketing fines fund study of off-label uses? More