Pharmaceuticals
Turing does volte face on cutting price of drug Daraprim
26 Nov 2015
After virtually promising to cut the price of Daraprim - which it hiked by 50 times after acquiring it in August - New York based start-up Turing Pharmaceuticals now says it will take other measures to make the drug affordable
Shire preparing to mount new bid for Baxalta
25 Nov 2015
British drugmaker Shire Plc is preparing to table a new takeover offer for Baxalta, almost four months after the US biotech firm rejected its unsolicited $30-billion bid
US politicians unite to flay Pfizer-Allergan deal
24 Nov 2015
Democratic presidential front-runner Hillary Clinton said the deal would “leave US taxpayers holding the bag”, while her Republican rival Donald Trump called it “disgusting”
Pfizer to take over Allergan in historic $150-bn deal
23 Nov 2015
The deal, the largest ever in the healthcare sector, will make Pfizer the world’s biggest drug maker, but the tax-cutting ‘inversion’ move is sure to draw political ire
Scientists in China find gene that could breach last-resort antibiotics
21 Nov 2015
Polymyxins are considered the last line of defence when other antibiotics prove ineffective
NIH announces end to support for invasive research on chimpanzees
21 Nov 2015
In 2013, the US Fish and Wildlife Service gave research chimps endangered-species protection, barring scientists from conducting stressful or invasive research on them, unless the work benefited chimps in the wild
Pfizer said to be in $150-bn merger talks with Allergan
19 Nov 2015
Merger talks are being held between US pharmaceutical giant Pfizer and Irish drug maker Allergan Plc, to create a global pharmaceutical behemoth worth over $300 billion
