PhillyPharma Archive: March, 2013

AstraZeneca cutting 1200 jobs in Wilmington, moving R&D to Gaithersburg, Md.

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British-based drugmaker AstraZeneca said Monday morning it would cut 1200 job from its facility in Wilmington and move research and development... Read more

N.J. compounding pharmacy recalls all products because of fear of mold contamination

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New Jersey-based compounding pharmacy Med Prep Consulting Inc., announced that a "nationwide recall of all lots of all compounded products... Read more

GlaxoSmithKline's Andrew Witty says $1 billion price tag for drug development is a "myth"

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GlaxoSmithKline chief executive officer Andrew Witty said Thursday the pharmaceutical industry's common estimate of $1 billion in average cost... Read more

Pennsylvania Bio's 2013 awards

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Pennsylvania Bio, a state-based trade organization representing the life sciences industry, gave out awards at its annual dinner the other... Read more

FDA proposes looser rules for evaluating new drugs to fight Alzheimer's disease

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In the continuing search for the fountain of youth, the U.S. Food and Drug Administration is proposing to loosen the rules for approving drugs... Read more

Merck's Ken Frazier discounts Paterno family report on Penn State-Sandusky scandal, according to AP

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Philadelphia native and Merck chief executive officer Ken Frazier, who serves on the Penn State board of trustees, said Thursday that the report... Read more

Former J&J CEO and chairman Bill Weldon gets $29.8 million for 2012

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Former Johnson & Johnson chief Bill Weldon will get $29.8 million for 2012, according to documents filed by the company with the Securities... Read more

Glaxo's R&D shuffle means the end of red wine unit (Sirtris Pharmaceuticals)

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GlaxoSmithKline's announcement of reshuffling of its research and development people and facilities impacted employees at facilities in Philadelphia... Read more