Drugmakers need to rein in ads, hearing told (Reuters)
Global Piracy Rampant -- But You Can Fight Back (NewsFactor) NewsFactor - Piracy is running rampant, according to a report from the U.S. government. Not the kind of pirates with eye patches and parrots on their shoulders, but rather the kind that downloads content illegally from the Internet, counterfeits products, and generally hijacks the profits of pharmaceuticals, electronics, software, and other goods. ...... Teva first-quarter net profit down on CoGenesys charge (Reuters) Reuters - Teva Pharmaceutical Industries Ltd , the world's largest generic drugmaker, on Tuesday reported a drop in its first-quarter net profit, weighed by a charge tied to its acquisition of CoGenesys. Teva quarterly net profit down on CoGenesys charge (Reuters) Reuters - Teva Pharmaceutical Industries Ltd , the world's largest generic drugmaker, on Tuesday reported a drop in its first-quarter net profit, weighed by a charge tied to its acquisition of CoGenesys. Merck to cut 1,200 sales jobs following regulatory setback (AP) AP - Merck & Co. said Monday it is eliminating 1,200 U.S. sales jobs, a move that comes a week after federal regulators' surprise rejection of an experimental cholesterol drug heavily touted by the pharmaceutical company. CVS Caremark posts higher 1st-quarter profit (Reuters)
CVS Caremark 1Q profit rises as sales climb (AP) AP - CVS Caremark Corp., the nation's biggest pharmacy chain, said Thursday that first-quarter profit jumped 84 percent, helped by surging sales in the wake of last year's purchase of Caremark. Correction: Rocking for a Cure story (AP) AP - In an April 26 story about Emily Schaller, a rock band drummer who supports cystic fibrosis research, The Associated Press erroneously reported the corporate backer of her Web site video on healthy lifestyles for CF patients. Schaller worked with Novartis Pharmaceutical Corp. on the Web site, not the Cystic Fibrosis Foundation. Market wavers as drugs weigh; Citi down late (Reuters)
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Reuters - Pharmaceutical companies need to be
more responsible in touting products to consumers or else face
tighter controls from Congress, a top U.S. Democratic lawmaker
said on Thursday.
Reuters - CVS Caremark Corp posted higher
quarterly profits in line with analysts' estimates on Thursday,
as the addition of Caremark's pharmacy benefits business helped
offset the impact of lower-priced generic drugs on drugstore
sales.
Reuters - Stocks ended little changed on Tuesday
as setbacks for two drugs weighed down the pharmaceutical
sector, offsetting the relief from a retreat in record high
crude oil prices.
