by Associated Press Published: October 12,2010
NEW YORK — Pfizer Inc., the world’s largest pharmaceutical company by revenue, said today it will buy pain drug maker King Pharmaceuticals Inc. for $3.6 billion in cash. Pfizer is paying $14.25 per share for King. That’s a premium of 40 percent to the stock’s yesterday closing price of $10.15. In the deal Pfizer gains [...] [...]
by Associated Press Published: July 1,2010
Tags: drugs, healthcare
ATLANTA — About a quarter of the swine flu vaccine produced for the U.S. public has expired — meaning that a whopping 40 million doses worth about $260 million is being written off as trash. “It’s a lot, by historical standards,” said Jerry Weir, who oversees vaccine research and review for the U.S. Food and [...] [...]
by Wally Northway Published: June 28,2010
Tags: drugs, healthcare, manufacturing, pharmaceuticals
HATTIESBURG — Ablitech’s CEO Ken Malone announced that the company is closer to advancing technology that has the ability to stop bladder cancer through its product Versadel. Malone said, “The proof is in the lab; a place where we are seeing very promising ways of ending certain cancers and degenerative diseases as we know them [...] [...]
by Associated Press Published: June 18,2010
Tags: drug plans, drugs, healthcare, healthcare benefits, pharmacies
NEW YORK— CVS Caremark Corp. and Walgreen Co. have settled a contract dispute that had been expected to prompt thousands of Walgreen customers to search for a new place to fill prescription drugs. Details of the deal announced today were not disclosed. Shares of both companies surged in pre-market trading. Both companies have been negotiating [...] [...]
by Associated Press Published: June 10,2010
Tags: courts, drugs, pharmacist, pharmacy
GULFPORT — A federal jury has found pharmacist Nick Tran guilty on all 24 counts in his second trial on allegations of conspiring to dispense controlled substances outside the scope of professional practice. U.S. District Judge Louis Guirola Jr. yesterday ordered marshals to take the 42-year-old Tran into custody. The Sun Herald reports the judge [...] [...]
by Wally Northway Published: June 9,2010
Tags: drugs, healthcare, Medicaid, pharmacies
ALEXANDRIA, Va. – On June 4, the Mississippi Division of Medicaid announced it was reversing proposed Medicaid reimbursements cuts for health care providers. Pharmacies would have been hit under the plan as their reimbursements would have been cut by 15 percent. The reversal follows on the heels of an intense lobbying effort by the Mississippi [...] [...]
by Wally Northway Published: April 15,2010
Tags: drugs, healthcare, Medicaid, Medicare, pharmacists
ALEXANDRIA, Va. — The National Community Pharmacists Association (NCPA) has sent a letter to the Centers for Medicare and Medicaid Services (CMS) strongly opposing Mississippi’s plan to reduce pharmacy reimbursements by 15 percent for the remainder of this fiscal year. The approval is required by the federal government in its partnership with states to provide [...] [...]
by Associated Press Published: January 19,2010
Tags: anticompetitive, drugs, federal agency, federal government, manufacturing
WASHINGTON — Federal Trade Commission (FTC) chairman Jon Leibowitz and key members of Congress have renewed their call for legislation that would put an end to anticompetitive patent settlements. According to the FTC, drug manufacturers have been using to keep less-expensive medicines off the market and charge consumers billions of dollars a year in higher [...] [...]
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