UPDATE - Cardiome gets nod for marketing heart drug in EU
2010-09-02 08:09:37
Keywords: Pharmaceuticals - Diversified,Biotechnology / Pharmaceuticals,United States,Biotechnology / Medical Research,Canada,Europe,Iceland,Norway,Healthcare,Pharmaceuticals,Pharmaceuticals / Medical Research,Biotechnology / Medical Research,Securities Internation
Quote: Wed Sep 1, 2010 5:09pm EDT
* Co says nod for intravenous version of Brinavess * Expects to launch drug in EU in Q4Sept 1 (Reuters) - Merck & Co (MRK.N) and Canada's Cardiome
Pharma Corp (COM.TO) said they have been granted marketing
approval for the intravenous formulation of their heart drug
Brinavess in the European Union, Iceland and Norway. Merck and Cardiome are jointly developing the drug, also
known as vernakalant, aimed at treating chronic atrial
fibrillation (AF) -- a heart rhythm d...
Read articleUPDATE - Ex-hedge fund manager in SEC insider trading accord
2010-09-02 08:09:37
Keywords: United States,US Corporate Bonds,Debt / Fixed Income Markets,Banking Services,Financial services - diversified,Financials,Lawmaking,Judicial Process / Court Cases / Court Decisions,Management Issues / Policies,US Government News,Hedge funds,Funds,Mergers
Quote: Pharmaceutical company Merck & Co's (MRK.N) website lists a
James W. Self as an employee in business development at its
vaccine division. Merck is based in Whitehouse Station, New
Jersey. Merck did not return a call for comment. Goldfield lives in Odessa, Florida, while Self lives in
Doylestown, Pennsylvania, the SEC said. A number listed for Imperium has been disconnected. The case is SEC v. Self et al, U.S. District Court, Eastern
District of Pennsylvania, No. 10-04430.(Reporting by Jonath...
Read articleCardiome Jumps on Drug Progress
2010-09-02 08:09:35
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Michael Baron ,Biotech
Quote: NEW YORK (TheStreet) -- Shares of Cardiome Pharma(CRME) leapt in afterhours action on Wednesday after the Canadian drug developer and partner Merck(MRK) received a marketing approval related to an intravenous formulation of their Brinavess brand vernakalant cardiovascular drug in the European Union, Iceland and Norway.Nasdaq.com. That advance followed a rise of 2.3% to $6.19 in the regular session.Year-to-date, Cardiome shares are up nearly 36%, but they've been clipped of late, falling 34% sinc...
Read articleUPDATE - Merck & Co postpones Dutch closures, options open
2010-09-02 08:09:34
Keywords: Pharmaceuticals - Diversified,Biotechnology / Pharmaceuticals,United States,Netherlands,Western Europe,Europe,Labour / Personnel,Healthcare,Pharmaceuticals,Pharmaceuticals / Medical Research,Mergers / Acquisitions / Takeovers,FX / Debt International News
Quote: drugmaker Merck & Co
(MRK.N) has postponed the closure of some of its Dutch
operations while it negotiates with executives and workers on
potential alternatives, including a sale of the R&D site. The last-minute deal announced on Thursday averts a court
hearing scheduled for Thursday afternoon, at which employees of
the Dutch unit, formerly called Organon, would have attempted to
block the closures, which were unveiled in July. Merck said the sides had agreed to negotiate "jointly in
goo...
Read articleCEOs that lay off workers earn more: study
2010-09-01 04:34:44
Keywords: Personal Finance|Spending & Saving, MRK, Merck & Co Inc, JNJ, Johnson & Johnson, HPQ, Hewlett-Packard Co, DIS, Walt Disney Co, IBM, International Business Machines, T, AT&T Inc, WMT, Wal-Mart Stores Inc, F, Ford Motor Co, UTX, United Techn
Quote: The study found that 72% of the announced layoffs came at a time when the company was reporting positive earnings."This reflects a broader trend in Great Recession Corporate America: squeezing workers to boost profits and maintain high CEO pay," said the study.In terms of total compensation, ex-Schering Plough chief Fred Hassan earned $49.65 million in 2009, as his company and Merck/quotes/comstock/13*!mrk/quotes/nls/mrk(MRK35.16,+0.43,+1.24%) laid off a combined 16,000 due to their merger.Johns...
Read articleThe Fight for Market Share in Blood Thinners Is On
2010-09-01 04:34:43
Quote: Add the similar anticoagulants also in development such as Boehringer Ingelheim’s Pradaxa andMerck & Co’s (MRK) vorapaxar and the potential market is significantly larger. The fight for market share in this high stakes arena could be hard-won.Reduced riskThe Xarelto phase III study, called Einstein-DVT, was carried out in more than 3,400 patients with deep vein thrombosis in the leg.Researchers found that patients in the Xarelto arm were 33% less likely to develop clots or have a...
Read articleEisai heart drug looks safe in mid-stage trials
2010-08-30 08:20:55
Keywords: Pharmaceuticals - Generic / Specialty,Biotechnology / Pharmaceuticals,Japan,Sweden,Healthcare,Pharmaceuticals,Pharmaceuticals / Medical Research,Asia/Pacific,Europe,Nordic States,Western Europe,Portuguese Domestic News Service (Reuters),Company News item,
Quote: Its new drug works in a similar way to Merck & Co's (MRK.N)
more advanced anti-clotting drug vorapaxar which the U.S.
company plans to file for regulatory approval next year. Patients taking E5555 in the two Phase II trials
demonstrated a numerically lower incidence of heart problems
compared with those on placebo but Goto said the overall number
of events was very low and the studies were not powered to show
efficacy. One of the trials involved 241 patients with acute coronary
syndrome and ...
Read articleMt. Sinai Researcher On Why Alzheimers Theory Critics Are Wrong
2010-08-24 05:39:07
Quote: Alzheimer’s research critic Mark Smith speaking out made the disease worseother approaches at Merck and elsewhere.
Many researchers argue that attacking amyloid is still the best way to go. Pfizer, Elan, Bristol-Myers, and Lilly are still in hot pursuit. It may just be that the particular drug chosen by Eli Lilly hit too many unrelated targets in the brain and caused nasty side-effects. If this is true, then the amyloid-busting drugs still have a good chance at working. Here is w...
Read articleNew Hope in Fatigue Fight
2010-08-24 05:39:04
Quote: Still, "I'm very open, and this would be a great opportunity,'' he said.Merck & Co., another major manufacturer of HIV drugs, said: "A clinical trial program would be possible to develop only after further substantial evidence of an association with CFS.''Some doctors and patients are already testing the idea, based in part on a University of Utah and Emory University study in cells. The compounds were tested singly and then in combinations of two at a time, and suggested that three anti-ret...
Read articleBUY OR SELL-Cardiome drug delay: mild stroke or intensive care?
2010-08-23 08:57:50
Keywords: Healthcare Facilities / Services,Business/Public Services,United States,Healthcare,Healthcare services,Healthcare Providers / Services,Company Events,Biotechnology / Pharmaceuticals,Biotechnology / Medical Research,Canada,France,Western Europe,Europe,Phar
Quote: 11(For more BUY or SELL articles, click [BUYSELL/] By Esha Dey and Bhaswati Mukhopadhyay BANGALORE, Aug 20 (Reuters) - Cardiome Pharma Corp's
(COM.TO) shares have dropped 15 percent in seven sessions after
Merck & Co Inc (MRK.N), its development partner, postponed a
late-stage trial of a heart drug. Before Aug. 11, the Vancouver-based firm's stock had nearly
doubled in 12 months. Cardiome and Merck are developing
vernakalant, an oral drug to treat chronic atrial fibrillation
(AF) -- a heart ...
Read articleMore US teens get vaccinated, CDC finds
2010-08-20 08:33:36
Keywords: Health / Medicine,Biotechnology / Pharmaceuticals,Regulations / Standards,Insurance,Financials,United States,US Government News,Pharmaceuticals - Diversified,France,Western Europe,Europe,United Kingdom,Switzerland,General News,Society / Science / Nature,C
Quote: "Visits for immunization can be a great
opportunity to address other important preventive issues that
all teens need." Two HPV vaccines are licensed -- Cervarix from
GlaxoSmithKline (GSK.L) and Gardasil from Merck & Co (MRK.N). Novartis (NOVN.VX) and Sanofi (SASY.PA) make vaccines
against meningitis and several companies make Tdap vaccines.(Reporting by Maggie Fox; Editing by Julie Steenhuysen and
Bill Trott)......
Read articleJ&J creates new quality control position
2010-08-19 06:28:26
Keywords: J&J creates new quality control position, jnj,mrk
Quote: Joseph aspirin, allergy drug Benadryl, heartburn tablets Rolaids and Simply Sleep pills.The recalls, which included liquid Tylenol for children and infants, involved products made at both a Fort Washington, Pa., factory shut down in April -- and expected to remain closed for another year while it is upgraded -- plus another factory in Las Piedras, Puerto Rico.Food and Drug Administration inspections have uncovered problems at both those factories and a third one, in Lancaster, Pa., that's run by...
Read articleEuropean staff fight back as drugmakers hack costs
2010-08-18 04:25:19
Keywords: Pharmaceuticals - Generic / Specialty,Biotechnology / Pharmaceuticals,United Kingdom,Western Europe,Europe,Pharmaceuticals - Diversified,France,United States,Netherlands,Labour / Personnel,Sweden,Healthcare,Pharmaceuticals,Pharmaceuticals / Medical Resear
Quote: Tue Aug 17, 2010 8:18am EDT
* AstraZeneca faces first ever strike after pensions row * Sanofi and Merck in disputes over planned lay-offs * European pharmaceutical industry employment in decline * Companies seeking to protect margins as patents expire
By Ben Hirschler, European Pharmaceuticals Correspondent LONDON, Aug 17 (Reuters) - Europe's pharmaceuticals
industry, not known for industrial disputes, is experiencing a
spate of clashes as employees fight back against cuts in jobs
and benefits. ...
Read articleDouble standard for pharma bribes
2010-08-18 04:25:18
Quote: One of which is Merck, which might have decided to be so open about the investigation because it's already on high alert for previous conduct.PFEFortune 500), AstraZeneca and Eli Lilly.guidelines about how pharmaceutical companies should behave when dealing with the public and doctors, in the form of the Compliance Program Guidance for Pharmaceutical Manufacturers. Companies are encouraged to develop ethical practices based on the document, but legally, it's a mere suggestion.These current probe...
Read articleWhy Take Risks When Blue Chips Are on Sale?
2010-08-17 01:35:15
Quote: The top holdings of the fund are a veritable “who’s who” list of solid American companies trading at discounts to the broader market: AT&T (T), ExxonMobile (XOM), Johnson & Johnson, Merck (MRK), Microsoft, Philip Morris International (PM), and Procter & Gamble (PG).Banks are conspicuously absent, and that is fine by me.In a low-interest-rate environment characterized by the lingering threat of deflation, buying America's best dividend paying companies at a discount ...
Read articleWhy Pfizer Should Keep Raising The Price Of Viagra
2010-08-16 10:48:05
Quote: This has helped cushion the decline in use for Merck’s Zetia and Vytorin due to accusations that their cholesterol-lowering ability might not translate into a decreased risk of heart attacks. It also helped defend sales of Zyprexa, Eli Lilly’s antipsychotic, over worries over that drug’s tendency to cause weight gain and other serious side effects. In its second quarter earnings release, Lilly noted that sales of Zyprexa had increased 10% “driven by higher prices, offset ...
Read articleVaccine sales up 16 pct in 2009, still growing
2010-08-16 10:48:04
Keywords: Vaccine sales up 16 pct in 2009, still growing, gsk,mrk,pfe,san,wye
Quote: "It's not a surprise therefore that development is heavy in this sector, and that will contribute to growth over the next five years."Vaccines are a priority research area for several major pharmaceutical companies, including the top two vaccine makers, Merck & Co. and GlaxoSmithKline PLC, which overtook Merck for the top spot recently. Besides developing new vaccines, they and other companies are working to boost vaccine sales in heavily populated emerging markets including China and India.Last...
Read articleDrug Industry Weighs Allegiance
2010-08-16 10:48:04
Quote: Tauzin, a Republican who started in Congress as a Democrat, found an industry with a tattered reputation, known to the public mainly for high prices, safety scandals and erectile-dysfunction ads on television.Richard ClarkMerck & Co.Mr. Tauzin's challenge deepened in 2006 when Democrats won control of Congress from Republicans, the party to which PhRMA was long allied.Andrew Stern of the service workers' union.When health-bill talks heated up last year, said Mr. Tauzin in an interview, "No o...
Read articleTackling cancer among poor doesn't have to cost dear
2010-08-16 10:48:02
Keywords: Health and medicine,Pharmaceuticals (sub-industry),Emerging countries,Asia,African Domestic News Service (Reuters),Pharmaceuticals - diversified,United Kingdom,Western Europe,Europe,United States of America,Domestic Politics,Private/Government Aid,Diploma
Quote: GlaxoSmithKline (GSK.L) and Merck & Co (MRK.N) make vaccines
against HPV and many drugmakers have HBV vaccines but these are
often too expensive to be included in the health programmes of
low- and middle-income countries, the scientists said. The group criticised what it described as "the public health
community's assumption" that cancer could not be treated in poor
countries and compared it to "similarly unfounded arguments from
more than a decade ago" about treatment for HIV and AIDS. Majo...
Read articleWhy Biotech Investing Is Not for the Meek
2010-08-13 04:17:37
Keywords: biotech investing,big pharma investing,biotech stocks,pfizer,merck,amicus therapeutics,MARKETS,PFE,MRK,FOLD,GENZ,SNY
Quote: This wouldn’t have a huge effect on a Pfizer PFE) or a MerckMRK) -- companies that have market caps over $100 billion, but when a company’s market cap is under $100 million, its stock can shoot up or plummet in a matter of hours.(See also, The Basics of Biotech Investing.)For example, a small biopharmaceutical company called Amicus TherapeuticsFOLD) was having a good day on Thursday as its stock gained more than 15% before midday trading. While this only puts the stock at around $3.5...
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