INDIANAPOLIS - Drug-development services company Covance Inc. will buy an Indiana research center from Eli Lilly and Co. and enter a 10-year service deal with the drugmaker worth $1.6 billion.
PHILADELPHIA - Lannett Company Inc., a manufacturer of generic pharmaceuticals, said that its wholly owned subsidiary, Cody Laboratories, has received approval from the U.S. Drug Enforcement Administration to directly import raw materials...
PARIS - Sanofi-Aventis SA said its planned $551 million acquisition of Acambis PLC will bolster its leading position in the vaccine market and strengthen its development pipeline.
NEW YORK - Wall Street fluctuated today as investors worried about earnings at drug makers Merck & Co. and Schering-Plough Corp.
TRENTON - Drugmaker Merck & Co. said today that it will fund the $4.85 billion settlement expected to resolve roughly 50,000 lawsuits related to its Vioxx painkiller, with initial payments to former users of the withdrawn drug beginning late...
GlaxoSmithKline and Actelion Ltd announced today that they will collaborate on Actelion's treatment for sleep disorders.
Kensey Nash Corp. said today that it expects to report a net loss for its fiscal fourth quarter of 8 cents to 9 cents a share compared with a loss of 15 cents a share in last year's comparable quarter.
Morphotek Inc. said today it has received $1.7 million from the U.S. Department of Defense to develop therapeutic antibodies to treat infectious diseases and illnesses caused by potential biowarfare pathogens.
A Philadelphia family of four needs to make more than $50,000 a year just to survive, according to a study being released today.
Rohm & Haas Co., one of the nation's largest chemical companies, said today that a shrinking paint market and weakening economic conditions were forcing it to close two paint-related chemical plants and eliminate 925 workers in North America...
GlaxoSmithKline P.L.C. today said it will invest $15 million in Mpex Pharmeceuticals, of La Jolla, Calif., to develop treatments that help antibiotics fight drug-resistant bacteria.
Sanofi Pasteur, of Swiftwater in Northeastern Pennsylvania, said today it would donate 60 million doses of influenza vaccine to the World Health Organization.
Generic-drug maker Teva Pharmaceutical Industries Ltd. announced that it has received final FDA approval to market fluoxetine, for treatment of a premenstrual disorder.
IGI Laboratories Inc., an Atlantic County pharmaceutical company, said today that the American Stock Exchange has told the company it is not in compliance with the exchange's listing rules.
TRENTON - Two of the biggest pharmaceutical companies in the United States and India have teamed up to develop new anti-infective medications.
ViroPharma Inc., Exton, said in a U.S. regulatory filing today that it discontinued development of its experimental hepatitis C drug for safety reasons.