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Posts Tagged ‘pharmaceutical’

Pfizer 3Q profit down 70 percent due to charges

by Associated Press Published: November 2,2010

Tags: Pfizer, pharmaceutical

Pharmaceutical giant Pfizer Inc. said Tuesday that revenue in the third quarter jumped 39 percent due to its acquisition of fellow drugmaker Wyeth, but hefty charges related to that $68 billion purchase dragged its profit down 70 percent. The New York-based maker of cholesterol blockbuster Lipitor and impotence pill Viagra says net income was $866 million, [...] [...]

Drug industry presses FDA to allow more online ads (access required)

by Associated Press Published: November 11,2009

Tags: FDA, pharmaceutical

WASHINGTON (AP) – As federal regulators take their first tentative steps toward policing the wild west of medical information online, pharmaceutical companies are pressing their case to market drugs via Google, Twitter and other Web sites. The Food and Drug Administration will convene a two-day meeting beginning Thursday to hear the drug industry’s position on [...] [...]

Pharm companies pay up to settle marketing-scheme allegations (access required)

by Staff Writer Published: November 2,2009

Tags: pharmaceutical, settlement

Four pharmaceutical manufacturers have paid the state $3 million to settle claims they improperly marketed drugs and paid kickbacks to health care professionals in return for prescribing their products. Each of the four settlements stem from the damage these schemes caused to Colorado’s Medicaid program. “Colorado’s Medicaid program provides essential health services to the neediest among us,” [...] [...]

Colorado will receive a share of a $95.5 million pharmaceutical settlement (access required)

by Rob Larimer Published: June 9,2009

Tags: pharmaceutical

Colorado will receive more than $376,000 as part of a $95.5 million global settlement with Aventis Pharmaceuticals. The agreement resolves allegations that between 1995 and 2000, Aventis and its corporate predecessors knowingly misreported best prices for the steroid-based anti-inflammatory nasal sprays Azmacort, Nasacort and Nasacort AQ. Under the agreement, state Medicaid programs throughout the country received [...] [...]

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