Pfizer chairman Jeff Kindler said during last weeks Bear Stearns Healthcare Conference that the company expects Lipitor sales to be flat or down up to 5% on last years numbers due to competition from generic Zocor (simvastatin).
AstraZeneca today issued a statement disclaiming remarks made by its global operations chief in a UK newspaper implying plans to outsource all of its supply and manufacturing activities.
Sen. Hillary Clinton unveiled her healthcare plan, promising to cover all Americans if elected president - and taking a few swipes at the pharmaceutical and insurance industries.
New York State Attorney General Andrew Cuomo and New York City Mayor Michael Bloomberg have filed a joint lawsuit against Merck, alleging the drugmaker misrepresented the cardiovascular risks associated with its Vioxx painkiller.
Acceleron Pharma, a biopharmaceutical company developing novel therapeutics that modulate the growth of tissues including bone and muscle, announced that John Knopf, Ph.D., has been named as CEO.
Drug developer Depomed said it would cut about 25% of its workforce after its lead drug candidate, Gabapentin GR, failed in a late-stage clinical trial.
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