Topic: Biotechnology Sector

AstraZeneca gets OK for expanded Crestor use

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. The Food and Drug Administration decision will allow the company to promote Crestor to millions of U.S. patients who traditionally have not ...
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Sanofi-Aventis completes tender offer for Chattem

Sanofi-Aventis says it completed $1.9 billion tender offer for Gold Bond maker ChattemFrench drugmaker Sanofi-Aventis said Tuesday it completed its tender offer for shares of Chattem Inc., which makes Gold Bond skin products, Icy Hot pain relief packs, and Selsun Blue dandruff shampoo. Sanofi-Aventis said 89.8 percent of ...
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Bristol-Myers Squibb to freeze salaries in 2010

Bristol-Myers Squibb says it will stop all non-mandated salary raises in 2010 to cut costsDrugmaker Bristol-Myers Squibb Co. says it is freezing employee salaries for 2010 as it cuts spending and prepares for a drop in sales of its blockbuster blood thinner Plavix. The New York drugmaker says it will ...
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Teva Pharma settles some Medicaid drug price suits

Generic drugmaker says it is settling lawsuits over drug pricing with US and 3 statesTeva 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 ...
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