UPDATE - US court to decide if vaccine makers can be sued
2010-03-09 01:23:30
Keywords: Pharmaceuticals (sub-industry),Biotechnology,United States of America,Health and medicine,Washington / US Government News,Legislation,Judicial processes/court cases/court decisions,Pharmaceuticals - diversified,Healthcare,Israel,Middle East,Domestic Polit
Quote: UPDATE 2-US court to decide if vaccine makers can be sued
* Case involves Wyeth, which Pfizer purchased last year * Child developed seizures after third dose of DTP vaccine * Supreme Court to hear arguments in upcoming term * Pfizer shares fall 1 percent(Adds Pfizer comments, shares)James Vicini WASHINGTON, March 8 (Reuters) - The U.S. Supreme Court said
on Monday that it would decide whether a federal law protects
vaccine manufacturers from lawsuits in state court seeking
damages for alleged d...
Read articleCourt will hear case about vaccine side effects
2010-03-09 01:23:30
Quote: Circuit Court of Appeals in Philadelphia ruled against Robalee and Russell Bruesewitz, saying a 1986 federal law bars their claims.That law set up a special vaccine court to handle disputes as part of its aim of insuring a stable vaccine supply by shielding companies from most lawsuits.Wyeth, now owned by Pfizer, Inc., prevailed at the appeals court but also joined in asking the court to hear the case, saying it presents an important and recurring legal issue that should be resolved.The Obama ad...
Read articleQ&A-Leerink Swann on expected U.S. health reform
2010-03-09 01:23:29
Keywords: United States of America,Equities,Health and medicine,Pharmaceuticals (sub-industry),Mergers and Acquisitions (including Changes of Ownership),Washington / US Government News,Pharmaceuticals - diversified,General News,Nature Society and Science,Business a
Quote: There are some significant products coming generic over the
next couple of years, (Pfizer's (PFE.N) cholesterol drug)
Lipitor being the biggest. The big risk is it's not as big a
benefit for the generics industry as investors currently
anticipate. I'm not recommending the generics subsector today
because I think all this anticipation is already contained in
the value of the stocks. Similarly, I'm not really recommending distributors right
now, because they benefit like generics do. Q-What would ...
Read articleActavis plays IPO card in Ratiopharm battle-sources
2010-03-09 01:23:28
Keywords: Germany,Western Europe,Europe,Iceland,Nordic Countries,Israel,Middle East,United States of America,Pharmaceuticals - generic and speciality,Pharmaceuticals (sub-industry),Health and medicine,Mergers and Acquisitions (including Changes of Ownership),Banks
Quote: Executives at Actavis, which is vying with with Pfizer
(PFE.N) and Teva (TEVA.TA), said in a presentation to
Ratiopharm's top management that an initial public offering
could be carried out in 5-8 years, the sources told Reuters. Actavis opted to forgo backing from Swedish buyout firm EQT
in the Ratiopharm auction, several sources told Reuters last
month. Deutsche Bank (DBKGn.DE), Actavis's main lender and which,
according to sources, is owed more than 4 billion euros ($5.5
billion), has approve...
Read articleHigh Court Wades Into Funeral Protests, Vaccines
2010-03-09 01:23:26
Quote: WyethPfizer Inc. Wyeth denies that its vaccine caused the injuries.
The case is the latest in which the Supreme Court will decide whether federal laws pre-empt state regulation on medical matters.
The justices have found that a federal law pre-empts suits against medical-device manufacturers filed under state liability statutes, but different language applying to drugs permits similar claims against pharmaceutical companies.
The Third U.S. Circuit Court of Appeals in Philadelphia ruled last yea...
Read articleCourt to rule in military funeral protest case
2010-03-09 01:23:26
Quote: Now a teenager, Hannah suffers from residual seizure disorder, the suit says.The vaccine court earlier rejected the family's claims and Wyeth, now owned by Pfizer, Inc., prevailed in a federal appeals court ruling.Wyeth lost another high court fight last year over whether federal law barred lawsuits against drug makers. That case, involving a botched injection, asked whether federal law included an implicit prohibition on the lawsuits. The court said it did not.In this appeal, however, Congress ...
Read articleUPDATE - Bristol-Myers post-Plavix view better than feared
2010-03-05 06:37:18
Keywords: Pharmaceuticals - diversified,Pharmaceuticals (sub-industry),United States of America,Corporate Results Forecasts,Corporate Results,Regulation and enforcement,France,Western Europe,Europe,Healthcare,Pharmaceuticals and biotechnology,Business activities,Co
Quote: recommendation this week; the blood-clot drug
apixaban being co-developed with Pfizer; diabetes medicine
dapagliflozin; liver cancer therapy brivanib; and ipilimumab. Bristol also gave an overview about its research progress
in Alzheimer's disease, for which it has drugs in early and
mid-stage development, and in hepatitis C, with medicines it
hopes can boost cure rates and shorten treatment durations. The company said it had 60 compounds in development, with
seven in late-stage trials or awaiti...
Read articleA Ray Of Hope For Medivation
2010-03-05 06:37:18
Keywords: Medicine, Pharmacuticals, Health Care, Drugs, Drug Companies, Hospitals, Health Insurance
Quote: But the drug may not be completely dead yet, says University of Southern California Alzheimer's expert Lon Schneider.
Schneider, who generally has been skeptical of Dimebon (see this post), does point to one small ray of hope for Medivation and its partner Pfizer buried in yesterday's news release: It turned out that while Dimebon did nothing to improve the cognitive abilities of Alzheimer's patients (the primary goal of the trial), patients who took the drug did improve slightly over the c...
Read articleADVANCE-2 Study Results Demonstrate Investigational Anticoagulant Apixaban Was Statistically Superior To Enoxaparin In The Prevention Of Venous Thromboembolism Following Knee Replacement Surgery
2010-03-05 06:37:15
Quote: Bristol-MyersSquibb CompanyNYSEBMYNewsPfizerInc.NYSEPFENewsThe Lancet. Thestudy results also showed numerically lower rates of major andclinically relevant non-major bleeding in patients treated with apixabancompared with those treated with enoxaparin. These results did not meetstatistical significance.nd Congress of theInternational Society on Thrombosis and Haemostasis in Boston.Patients undergoing major orthopedic surgery, including total kneereplacement, are at high risk for venous thromboem...
Read article[$$] Alzheimer's Drug Falls Short
2010-03-04 05:31:59
Quote: WANGPfizer said Wednesday that a promising Alzheimer's drug failed to work in a pivotal study, marking a setback for the giant drug maker's efforts to revive its pipeline. Pfizer and partner Medivation Inc. said the experimental drug, Dimebon, failed to meet its primary and secondary goals—improving thinking ability and overall daily function over six months in patients with mild-to-moderate Alzheimer's disease. The multinational trial of 598 patients showed no significant benefit from th...
Read article[$$] Pfizer Readies Ratiopharm Bid
2010-03-04 05:31:58
Quote: BY WILLIAM LAUNDER AND EYK HENNINGPfizer Inc. plans to bid as much as $4 billion for German generic drug maker Ratiopharm Group International, according to people familiar with the matter, in an effort that would further diversify the New York drug giant. The offer would intensify the battle for Ratiopharm, which Israeli generic drug giant Teva Pharmaceutical Industries Ltd. and Iceland's Actavis Group are also said to be bidding for. Ratiopharm is one of the leading generic drug makers in Eur...
Read articleBig Pharma Best Skip Course in Medivation
2010-03-04 05:31:58
Quote: PfizerMedivation fell flat in a late-stage trial. Shares of Medivation plunged 67%. Pfizer's fell 2%.
Pfizer investors might be tempted to shrug off the failure. After all, it cost the pharmaceutical company an initial $225 million to join the partnership in 2008. Pfizer's market capitalization is $140 billion. But what is troubling is how much Medivation was able to take advantage of a drug that was miles from being marketed. Dimebon, first developed decades ago as an antihistamine, had shown ...
Read article'Fast Money' Recap: Political Gridlock
2010-03-04 05:31:58
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, David Tong ,Fast Money Recap
Quote: Daniel Clifton, head of policy research for Strategas, said it's important that the Obama administration is sticking with its proposal, but he doubted whether there will be much teeth in the bill after it gets through Congress.He said much of the Volcker Plan won't go through but he added the bill could give the Fed the power to take away the ability for proprietary trading if it is worried about "systemic risk."Jon Najarian agreed with the assessment but he noted that the financials also face t...
Read articleBristol-Myers CEO to retire; COO to succeed him
2010-03-03 01:52:17
Quote: He previously worked for two other drug companies, KABI Pharmacia and then Pharmacia & Upjohn, which now is part of Pfizer Inc.Andreotti holds a bachelor's degree in engineering from the University of Rome, and a master's degree from the Massachusetts Institute of Technology.Cornelius will retire on May 4, 2010. He became Bristol's chairman in February 2008 after being elected CEO by the board of directors in April 2007. That was after Cornelius had served as interim CEO for about eight mont...
Read articlePFIZER INC Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year
2010-03-03 01:52:17
Quote: Item 5.03Amendments to Articles of Incorporation or Bylaws; Change in Fiscal
Year.
On February 25, 2010, the Board of Directors of Pfizer Inc. (the "Company")
approved the amendment of Article III, Section 3, of the Company's By-laws.The
amendment eliminates the presumption that the role of Chairman be held by the
Chief Executive Officer and also clarifies the role of the Chairman with respect
to meetings of the Board of Directors.
The preceding is qualified in its entirety by refe...
Read articleUPDATE - Pfizer to outline Ratiopharm offer this week-sources
2010-03-03 01:52:16
Keywords: Mergers and Acquisitions (including Changes of Ownership),Germany,Western Europe,Europe,Pharmaceuticals - diversified,Pharmaceuticals (sub-industry),United States of America,Emerging countries,Israel,Middle East,Business activities,Contract between 2 or m
Quote: UPDATE 1-Pfizer to outline Ratiopharm offer this week-sources
* Pfizer set to outline offer this week - sources * Teva and Actavis still in the running - sources (Recasts, changes sourcing, adds details) NEW YORK, March 2 (Reuters) - Pfizer Inc (PFE.N) is set to
present a nearly $4 billion offer for German generic-drug maker
Ratiopharm GmbH this week, competing against rival bids from Teva
Pharmaceutical Industries Ltd (TEVA.TA) and Actavis, sources
familiar with the situation said on Tuesday. ...
Read articleBristol's Accidental Revolutionary
2010-03-03 01:52:16
Keywords: Medicine, Pharmacuticals, Health Care, Drugs, Drug Companies, Hospitals, Health Insurance
Quote: Cornelius, a board member who served as chief executive of Guidant when it was bought by Boston Scientific, was widely expected to sell Bristol to Plavix partner Sanofi-Aventis or larger rival Pfizer. He discarded non-core businesses, selling the company’s wound-therapy business to private equity firms and spinning off Mead Johnson, a baby formula business. He was outbid for ImClone, Bristol’s partner on the cancer drug Erbitux, by Eli Lilly, but bought three other biotechs: Medarex,...
Read articlePfizer to outline Ratiopharm offer this week
2010-03-03 01:52:15
Quote: PFENewsTEVA.TANews) and Actavis, sources familiar with the situation said on Tuesday.Pfizer had previously cooled on Ratiopharm, but was asked to rejoin the auction and make a presentation to Ratiopharm's board and management, one source said.Pfizer was expected to "be competitive" with a rival offer from Iceland's Actavis, the source said. Pfizer could still walk away without submitting a binding offer, the source cautioned.The auction could linger several more weeks, with a decision unlikely b...
Read articlePfizer Going For Generic Crown: Report
2010-03-03 01:52:14
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Eric Rosenbaum ,Drugs
Quote: Updated from Tuesday, March 2TheStreet) -- Drug giant PfizerPFE Quote), the world's biggest drug-maker, may be getting bigger. Pfizer is reportedly bidding more than $4 billion to acquire German generic drug firm Ratiopharm.Bloomberg on Tuesday afternoon, would be the biggest generic drug deal since Teva Pharmaceutical IndustriesTEVA Quote) bought Barr Pharmaceuticals in 2008 for $7.4 billion.Bloomberg report.Teva is not planning to allow Pfizer to match its generic drug-buying prowess so easily...
Read articlePfizer Said to Set Sights on German Drug Maker
2010-03-03 01:52:14
Keywords: Mergers & Acquisitions, Investment Banking, I PO, I.P.O.s, IPOs, Offerings, Private Equity, Hedge Funds, Venture Capital, Legal, The New York Times, Andrew Ross Sorkin, Andrew Sorkin, DealBook, deal maker, Wall street, wall st., Goldman Sachs, Goldman Sa
Quote: Pfizer is reportedly gearing up this week to bid 3 million euro ($4.08 billion) for Ratiopharmaccording to Bloomberg News, which cited two unidentified people with knowledge of the talks.The move would pit Pfizer, the world’s largest drug maker, against Teva Pharmaceuticals Industries of Israel, the world’s largest generic drug maker, and Actvis of Iceland, another big generic drug maker, both of which are said to be interested in Ratiopharm, according to Bloomberg.
The news comes ...
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