Pharmaceuticals & Biotechnology News

CNBC - Jul. 25, 2008, 10:47 PM

Strong sales of biotech drugs and vaccines drove second-quarter profit up 26 percent for drugs and medical device maker Baxter International Inc., beating Wall Street estimates. Higher international sales helped the manufacturer weather lower U.S. sales ...

CNBC - Jul. 25, 2008, 10:44 PM

CINCINNATI - Meridian Bioscience Inc., which makes diagnostic test kits, reaffirmed its fiscal 2008 outlook Thursday and said it expects sales and profit growth in fiscal 2009. Still, the company expects continued weakness in its life sciences unit ...

CNBC - Jul. 25, 2008, 10:33 PM

I am out in the field today shooting a story in Boston for the upcoming big ...

ABC News - Jul. 25, 2008, 10:18 PM

Employers and investors have fought for relief this year as housing prices fall, gasoline and food prices rise and credit and financial markets continue struggle for stability. But health care, which today makes up 16 percent of gross national product, ...

International Herald Tribune - Jul. 25, 2008, 9:13 PM

TRENTON, N.J.: Drugmaker Merck & Co. will start cutting checks for former users of its withdrawn painkiller Vioxx next month, after announcing Thursday that it will fund a $4.85 billion settlement expected to resolve roughly 50,000 lawsuits alleging ...

CNBC - Jul. 25, 2008, 9:10 PM

By Ransdell Pierson NEW YORK (Reuters) - Merck & Co <MRK.N> said on Thursday that more than 97 percent of eligible U.S. claimants had elected to participate in its $4.85 billion proposed Vioxx settlement, an adequate number to trigger funding of the ...

CNN - Jul. 25, 2008, 9:06 PM

Drugmaker Merck & Co. said Thursday 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to resolve roughly 50,000 lawsuits related to its Vioxx painkiller, with initial payments to former users of the withdrawn drug beginning late next month. Whitehouse ...

Business Week - Jul. 25, 2008, 8:59 PM

Meridian Bioscience Inc., which makes diagnostic test kits, said Thursday its board declared a quarterly dividend of 14 cents. The dividend is payable Aug. 7 to shareholders on record as of July 30. BW Extras Most Popular Stories Most Popular Multimedia ...

Business Week - Jul. 25, 2008, 8:56 PM

ST. PAUL, Minn.--(BUSINESS WIRE)-- 3M Health Care and Greystone Pharmaceuticals, Inc. today announce they have entered into an exclusive, worldwide license agreement for wound care products using Greystone's patented PHI technology, a proprietary ...

Business Week - Jul. 25, 2008, 8:52 PM

from AP Financial News: NEW YORK (AP) -- An analyst downgraded Starbucks Corp. on Thursday, saying the coffee retailer's turnaround will likely take longer than previously expected. NEW YORK (AP) -- Shares of generic drug maker Barr Pharmaceuticals Inc. ...