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PHARMACEUTICAL NEWS LINES

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CVS gets restraining order in drug abuse probe (Reuters) Reuters - A federal judge on Tuesday granted CVS Caremark Corp a temporary restraining order allowing it to keep selling controlled prescription drugs at two Florida pharmacies at the center of raids by the U.S. Drug Enforcement Agency.




Skepticism grows around Medco/Express Scripts deal (Reuters) Reuters - Objections to Express Scripts' $29 billion plan to buy rival pharmacy benefits manager Medco Health Solutions are accumulating as U.S. antitrust regulators weigh whether they have enough evidence to stop the megamerger.


FDA question's Amgen drug for prostate cancer (AP) AP - Scientists for the Food and Drug Administration say an Amgen drug slowed the spread of cancer to the bone in men with hard-to-treat prostate cancer, though the drug failed to extend life and carried significant side effects.


Mom charged in NY death fights jail call recording (AP) AP - A pharmaceuticals multimillionaire charged with murdering her autistic 8-year-old son at a hotel has lost a bid to stop jail officials from recording her phone calls and turning them over to prosecutors.


DEA suspends Cardinal Health license in Florida (Reuters) Reuters - Cardinal Health Inc said on Friday that the U.S. Drug Enforcement Administration has suspended its license to distribute potentially addictive medicines from a facility in Lakeland, Florida, citing concern over unusually high shipments to four pharmacies.


Walgreen sales hit by exit from Express Scripts (Reuters) Reuters - Walgreen Co is being hit by its withdrawal from the Express Scripts Inc pharmacy network and by a much-weaker-than-expected flu season, leading it to temper its expectations for the number of prescriptions it will fill this year.


Summary Box: AstraZeneca to cut 7,300 jobs (AP) AP - JOB CUTS: Drugmaker AstraZeneca PLC said it will cut another 7,300 jobs as it warned Thursday of a tough year ahead, due to government spending cuts on health care and stiff competition.


AstraZeneca to cut 7,300 jobs as outlook darkens (AP) AP - Drug maker AstraZeneca PLC said it will cut another 7,300 jobs as it warned Thursday of a tough year ahead, due to government spending cuts on healthcare and stiff competition, even as it reported a 24 percent increase in 2011 profits.


Novo Nordisk Q4 profits jump, outlook raised (AP) AP - Danish pharmaceutical company Novo Nordisk A/S reported Thursday that its fourth-quarter profits soared 19 percent on the back of strong sales of its key diabetes drugs Victoza, NovoRapid and Levemir.


Jailed con artist describes role in Google case (AP)

This undated photo, location unknown, released by his attorney Joseph J. Balliro, shows David Whitaker who is serving a federal prison sentence in Rhode Island. Whitaker participated in a probe that resulted in Google Inc., forfeiting $500 million to avoid criminal prosecution for allegations that it profited from ad sales promoting rogue pharmacies that illegally imported drugs into the United States. (AP Photo/Courtesy of Joseph J. Balliro)AP - When federal investigators decided to look into whether Google Inc. was letting rogue pharmacies from overseas target American consumers with advertising, they turned to a convicted con artist with experience pushing pills on the Internet.





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