Business news – Page 68
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Business
Pfizer agrees potential $785m fraud settlement
Whistleblower case relates to claims of Wyeth overcharging for acid reflux drugs between 2001 and 2006
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BusinessAkzoNobel to buy BASF’s industrial coatings
€475 million deal includes technology, products and sites in the UK and South Africa
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ResearchIncredibly rare and unstable mineral shows catalytic clout
Georgeite shows promise as a catalyst precursor for the synthesis of methanol
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Business
Lilly loses UK patent challenge
Allergan’s cancer drug generics do not infringe patents, say UK courts
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Business
GSK fined for stalling antidepressant generics
UK Competition and Markets Authority deems pay-for-delay deal illegal and imposes £45m in fines
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BusinessMylan to buy Meda in further generics consolidation
£6.9bn deal will give combined company ‘critical mass’ in US market
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BusinessOil slump reverberates in chemicals
Collapse in crude prices has complex and mixed effects on markets for derivative chemicals
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BusinessChemChina offers to buy Syngenta in $43bn takeover
Directors welcome deal that will allow agrochemicals giant to establish a presence in China
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BusinessMedical devices consolidation continues
Abbott to buy Alere for $5.8bn to augment its point-of-care diagnostics business
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Business
BP to cut 7000 jobs
UK oil company reduces its workforce to cut costs in response to low oil price and charges from Deepwater Horizon incident
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Business
Seed secrets thief jailed
Chinese born US citizen pleads guilty to conspiring to steal trade secrets from DuPont Pioneer and Monsanto
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OpinionPride comes before a fall
In labs it’s important not to let familiarity breed complacency, says Derek Lowe
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Business
Merck & Co joins hepatitis C party
New drug adds new treatment options and increases competition in premium market
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BusinessJ&J to cut 3000 jobs in medical devices unit
Cost-saving cuts will help ‘accelerate the pace of innovation’, company claims
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OpinionThe kids aren’t alright
Making it more attractive for companies to develop paediatric drugs has the potential to improve everyone’s lives
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BusinessGSK scientists indicted for trade secret theft
Two researchers accused of passing research data and manufacturing details to Chinese firm
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BusinessClinical trial death highlights hazards
Pain drug trial has left one dead and five hospitalised in France, with little indication as to the cause of the problems
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Business
Fatal blast at US peroxide plant
One dead and three injured in an equipment explosion at PeroxyChem in Texas
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BusinessCrispr goes commercial
Gene editing technique Crispr has shaken up genomics research and the commercial opportunities couldn’t be more evident
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BusinessShire bets big on rare diseases
$32bn Baxalta buyout will deepen Shire’s commitment to developing specialist drugs for small patient populations