Healthcare Industry News

July 10 - Leaders of the Group of Eight pledge 20 billion U.S dollars to poor nations in farm aid.

Sun Pharmaceutical Industries Ltd. announced that along with Caraco Pharmaceutical Laboratories, Ltd , it had entered into agreements with Forest Laboratories, Inc., Forest Laboratories Holdings, Ltd., and H. Lundbeck A/S to settle the legal proceedings related to Lexapro tablets.

The Food and Drug Administration has approved a highly anticipated blood thinner from Eli Lilly after more than 18 months of review.

GlaxoSmithKline has signed a 5-year multi-million dollar SAP contract for its global businesses with Mahindra Satyam, the new identity of fraud-hit Satyam Computer Services.

State police say one person died and six others were seriously hurt in a two-vehicle crash on Interstate 91 in Springfield that may be alcohol related.

Oil prices dropped below $60 a barrel Friday in Asia as investors braced for a slew of company earnings reports next week that will provide clues on the strength of crude demand.Benchmark crude for August delivery was down 68 cents at $59.73 a barrel by late afternoon Singapore time in electronic trading on the New York Mercantile Exchange.

Medtronic Incorporated's diabetes business unit is recalling quick-set infusion sets that have a lot number starting with the number "8." http://www.wivb.com

The state Assembly voted unanimously Thursday to approve a bill that gives the city of San Diego more authority over the fate of a colony of harbor seals at the Children's Pool in La Jolla.

President Barack Obama is adding his personal call to states to get ready for a possible swine flu resurgence in the fall.Obama telephoned the National Institutes of Health all the way from Italy Thursday to tell a meeting of 500 flu officials not to promote panic - but to make sure "we are promoting vigilance and preparation."Saying the potential ...

Merck & Co. and Portola Pharmaceuticals Inc. said Thursday they have signed an exclusive deal to develop and market an experimental drug to prevent strokes in people with a dangerous irregular heart rhythm.

The World Health Organization has approved a cervical cancer vaccine made by GlaxoSmithKline, meaning U.N. agencies and partners can now officially buy millions of doses of the vaccine for poor countries worldwide.

After years of arthritis treatments that have left Pat Criscito's immune system in tatters, she said a positive test for hepatitis C after surgery last fall at Rose Medical Center would have been a death sentence.

Scientists report that experiments in animals show that a new, monoclonal antibody drug might safely cure anthrax poisoning in humans.

President Barack Obama will nominate gene guru Dr. Francis Collins to head the National Institutes of Health.

Closing arguments have ended in the state of Alabama 's lawsuit against a California -based drug maker accused of cheating the state's Medicaid program out of millions of dollars.

The vacancy rate for U.S. apartments reached its highest level in more than 20 years in the second quarter and could soon exceed record highs if the recession persists, real estate research firm Reis Inc said.

Problems in Congress threaten to overshadow a White House event Wednesday designed to boost Obama's health overhaul.

King Pharmaceuticals, Inc. and Pain Therapeutics, Inc. today announced that on July 2, 2009, King met with the U.S. Food and Drug Administration to discuss the Complete Response Letter regarding the New Drug Application for REMOXY .

Shares of Matrixx Initiatives Inc. fell Monday after the company disclosed several class action lawsuits related to its withdrawn cold treatment Zicam.

Pfizer this week officially killed plans to open a biotech research center in leased space near UCSF's Mission Bay Campus.