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Pharmaceutical Industry

Woman enters an office of GlaxoSimthKline in Beijing, which was was fined $492 million by China for bribing doctors.  (AP Photo/Alexander F. Yuan, File)
Woman enters an office of GlaxoSimthKline in Beijing, which was was fined $492 million by China for bribing doctors. (AP Photo/Alexander F. Yuan, File)
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China fines GlaxoSmithKline $492 million for bribery

BEIJING (AP) -- Drug maker GlaxoSmithKline was fined $492 million on Friday for bribing doctors in China in the biggest such penalty ever imposed by a Chinese court.

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Merck scientist Pascale Nantermet conducting 2013 research on HIV last year. Merck reports quarterly financial results on Tuesday, July 29, 2014. (AP Photo/Matt Rourke)
Merck scientist Pascale Nantermet conducting 2013 research on HIV last year. Merck reports quarterly financial results on Tuesday, July 29, 2014. (AP Photo/Matt Rourke)
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Merck’s 2nd Quarter profit more than doubles

A big one-time gain and a tax benefit helped drugmaker Merck & Co. more than double second-quarter profit, improve its profit forecast and top analysts' expectations.

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MedImmune ran full-page ads in newspapers protesting pediatricians' new recommended limits on Synagis, a drug for preventing serious lung problems in premature infants caused by a usually mild virus. (AP Photo)
MedImmune ran full-page ads in newspapers protesting pediatricians' new recommended limits on Synagis, a drug for preventing serious lung problems in premature infants caused by a usually mild virus. (AP Photo)
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Anti-virus drug maker fights pediatricians’ new advice

CHICAGO (AP) -- A costly drug given mostly to premature babies is at the center of a clash between the manufacturer and the nation's leading pediatrician's group, which recommends scaling back use of the medicine.

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(ThinkStock)
(ThinkStock)
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Who pays your doc? Coming soon to a site near you

WASHINGTON (AP) -- When many of us have a medical appointment we're concerned about our finances: how much will we owe out-of-pocket? What's our co-pay? But next time, you may also want to ask your doctors about their financial situation.

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London headquarters of AstraZeneca. The company's board has rejected the improved $119 billion takeover offer from U.S. drugmaker Pfizer, Monday May 19, 2014. (AP Photo/Matt Dunham, File)
London headquarters of AstraZeneca. The company's board has rejected the improved $119 billion takeover offer from U.S. drugmaker Pfizer, Monday May 19, 2014. (AP Photo/Matt Dunham, File)
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AstraZeneca Rejects $119 Billion Offer from Pfizer

The board of AstraZeneca on Monday rejected the improved $119 billion takeover offer from U.S. drugmaker Pfizer, a decision that caused a sharp slide in the U.K. company's share price as many investors think it effectively brings an end to the protracted and increasingly bitter takeover saga.

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Prescription Drugs
Flickr User Charles Williams
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Wrongdoing by Pharmaceutical Manufacturers Results in $900,000 for NJ

New Jersey has received $900,000 as a result of its participation in separate global settlements resolving civil allegations against two pharmaceutical manufacturers and criminal charges against one of them.

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