AstraZeneca gets OK for expanded Crestor use (AP) AP - Federal regulators have granted AstraZeneca approval to market its cholesterol pill Crestor as a preventive measure against heart attack and stroke in patients with healthy cholesterol levels. Charles River reports profit, but revenue slides (AP) AP - Medical research equipment and services company Charles River Laboratories International Inc. reported a fourth-quarter on lower charges Monday, but revenue fell on weak demand from pharmaceutical and biotech companies. Lechleiter pay rises in 1st full year as Lilly CEO (AP) AP - Eli Lilly and Co. CEO John Lechleiter received a compensation package valued at $16.4 million for 2009, up 54 percent from 2008, the year he became the drug maker's chief executive, according to an Associated Press calculation of figures disclosed Monday in a regulatory filing. CVS Caremark profit tops view; shares up 6 percent (Reuters)
CVS Caremark 4Q profit grows 11 percent (AP)
Earnings Preview: CVS Caremark to report 4Q (AP) AP - Drugstore operator and pharmacy benefits manager CVS Caremark Corp. reports its fourth-quarter results before the stock market opens Monday. Teva Pharma settles some Medicaid drug price suits (AP) AP - Teva Pharmaceutical Industries Ltd., the world's largest generic drugmaker, said Friday it is settling several lawsuits related to Medicaid reimbursement for its products, and is setting aside $315 million to cover the settlement and other suits. Miss. settles Zyprexa suit for more than $18M (AP) AP - Mississippi will receive $18.5 million from drug maker Eli Lilly and Co. as part of a settlement over claims the company promoted the anti-psychotic Zyprexa for ailments it was not federally approved to treat, Attorney General Jim Hood said Thursday. GlaxoSmithKline hints at job cuts as profits soar (AFP)
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AFP - Michael Jackson's doctor has pleaded not guilty to involuntary manslaughter at a court in Los Angeles in connection with the pop superstar's sudden death last year from a lethal cocktail of prescription drugs.
Reuters - CVS Caremark Corp said recent problems at its pharmacy benefits management unit have been corrected and it posted a slightly better-than-expected rise in quarterly profit as its drugstore bested its rivals, driving the company's shares up as much as 8.8 percent.
AP - CVS Caremark Corp., one of the nation's biggest drugstore operators, said Monday its profit rose 11 percent in the fourth quarter as results improved for its pharmacy benefits management business.
AFP - British pharmaceuticals giant GlaxoSmithKline on Thursday announced a 66-percent jump in fourth quarter net profit and pointed to further job cuts as it looks to slash costs amid increased competition.
