- Alabama reaches $500,000 settlement in pharmaceutical probe Updated: Jul-30-15 5:05 am
MONTGOMERY, Alabama - Alabama Attorney General Luther Strange says the state has reached a settlement in an investigation into allegations that a subsidiary of a pharmaceutical company improperly recalled over-the-counter drugs.
- Drug firm AstraZeneca reports slide in earnings Updated: Jul-30-15 4:10 am
LONDON - Anglo-Swedish drug firm AstraZeneca says second-quarter net income fell 12 percent to $697 million as competition from generic drug companies reduced sales.
- Sanofi reports higher profit in 2nd quarter Updated: Jul-30-15 2:46 am
PARIS - Drugmaker Sanofi has reported a sharp rise in profits in the second quarter as higher sales from its Cambridge, Massachusetts-based biotech unit Genzyme helped offset by cuts in the price of the company's diabetes treatment Lantus in the U.S.
- Connecticut hoping to stave off possible nursing home strike Updated: Jul-29-15 6:40 pm
HARTFORD, Connecticut - Connecticut Gov. Dannel P. Malloy's administration has been working in recent weeks to come up with a new state funding arrangement that could help fend off possible strikes at unionized nursing homes across the state.
- Coaches, doctors are top earners at University of California Updated: Jul-29-15 5:22 pm
SAN FRANCISCO - The University of California had 28 employees who made more than $1 million last year - an elite group comprised of athletic coaches, doctors and hospital chief executives.
- Vertex reports 2Q loss Updated: Jul-29-15 4:55 pm
BOSTON - Vertex Pharmaceuticals Inc. (VRTX) on Wednesday reported a loss of $188.8 million in its second quarter.
- Insurer Anthem hikes 2015 forecast, 2Q earnings climb Updated: Jul-29-15 10:17 am
Anthem has pumped up its 2015 forecast again after earnings jumped more than 17 percent in its most recent quarter, helped by a surge in government money.
- Mylan gets European clearance in proposed Perrigo takeover Updated: Jul-29-15 10:08 am
NEW YORK - Mylan NV said Wednesday that it received European regulatory approval to move forward with its proposed buyout of Perrigo Co., which has resisted repeated overtures.
- Drugmaker GSK sees earnings growth returning in 2016 Updated: Jul-29-15 8:32 am
LONDON - Britain-based drugmaker GlaxoSmithKline has reported a drop in earnings in the first full quarter since its deal to swap some assets with Swiss rival Novartis.
- Gilead beats Street 2Q forecasts on surge in sales, profit Updated: Jul-28-15 6:49 pm
Blockbuster hepatitis C medicine Harvoni propelled Gilead Sciences Inc.'s second-quarter profit up 23 percent as total revenue for the biotech drugmaker jumped 26 percent and it raised its 2015 sales forecast for the second time. Its shares jumped in after-hours trading.
- Health care spending to accelerate, US report says Updated: Jul-28-15 4:56 pm
WASHINGTON - The nation's respite from accelerating health care costs appears to be over.
- Drugmaker Pfizer tops Street 2Q forecasts, raises forecast Updated: Jul-28-15 1:38 pm
Pfizer Inc. beat Wall Street's second-quarter expectations and raised its 2015 forecast, as soaring sales for a few key products helped inoculate the world's second-largest drugmaker against a $1 billion revenue hit from foreign exchange rates and its last wave of cheap generic competition hurting former big sellers.
- Merck tops Street 2Q forecasts despite lower sales, profit Updated: Jul-28-15 10:16 am
Merck & Co.'s second-quarter profit plunged by two-thirds, hammered by the sale of its consumer business, unfavorable currency exchange rates, lower sales of some key drugs and hefty one-time charges.
- Sentara, Va. medical group complete partnership agreement Updated: Jul-28-15 3:13 am
WOODBRIDGE, Virginia - Sentara Healthcare and Fredericksburg-based Pratt Medical Center have completed a partnership agreement.
- Hospitals sue New Jersey over Camden paramedic change Updated: Jul-27-15 6:17 pm
TRENTON, New Jersey - Two New Jersey hospital chains are suing the state over a New Jersey law that could result in a major change in paramedic service in Camden.
- Study sees positive gains from 2012 prescription drug law Updated: Jul-27-15 4:02 pm
FRANKFORT, Kentucky - Prescriptions for painkillers and doctor-shopping by pill seekers have decreased since Kentucky passed legislation targeting prescription drug abuse, according to a University of Kentucky study.
- Mayor pleads not guilty to medical practice bribery charges Updated: Jul-27-15 10:47 am
HACKENSACK, New Jersey - A doctor who serves as mayor of a northern New Jersey town pleaded not guilty Monday to charges that he took cash bribes and other kickbacks for referring patients to a medical imaging company.
- Israel's Teva buys Allergan generic drug company for $40.5B Updated: Jul-27-15 8:16 am
JERUSALEM - Israel's Teva Pharmaceutical Industries Ltd. said Monday it is purchasing Dublin-based Allergan PLC's generic pharmaceuticals business for $40.5 billion, in what Israeli analysts called the largest-ever acquisition by an Israeli company.
- Hospital manager to LSU: Breach notice invalid Updated: Jul-27-15 6:31 am
SHREVEPORT, Louisiana - The operator of two public hospitals in north Louisiana says LSU's claims that it breached its contract are based on subjective complaints rather than anything measurable, and therefore are not valid.
- 2 Topeka nursing homes, Washburn partner on internships Updated: Jul-27-15 5:07 am
TOPEKA, Kansas - Two Topeka nursing homes and Washburn University's School of Nursing are partners in a pilot program to improve care in nursing facilities.
- Agency proposes changes to close W.Va. clinic rule loopholes Updated: Jul-26-15 2:10 pm
CHARLESTON, West Virginia - The Department of Health and Human Resources has proposed changing rules governing West Virginia's pain clinics to close loopholes.
- Mega-health deals bloom in July, Anthem bids $48B for Cigna Updated: Jul-24-15 2:02 pm
NEW YORK - Anthem is buying rival Cigna for $48 billion in a deal that would create the nation's largest health insurer by enrollment, covering about 53 million U.S patients.
- EU regulator recommends 1st license for malaria vaccine Updated: Jul-24-15 10:25 am
LONDON - The European Medicines Agency has recommended approving what would be the world's first licensed malaria vaccine, even though it's only about 30 percent effective and its protection fades over time.
- AbbVie beats 2Q profit forecasts, but sales fall short Updated: Jul-24-15 8:40 am
NEW YORK - Drugmaker AbbVie Inc. reported better-than-expected second-quarter profit, but its sales disappointed Wall Street.
- Florida Medicaid plans seek raise from state amid losses Updated: Jul-23-15 4:35 pm
FORT LAUDERDALE, Florida - Insurers participating in Florida's new Medicaid managed care program say they've lost $542 million through 2014 and want the state to raise their rates. But after losing major federal funding for hospitals, Gov. Rick Scott doesn't want to use any more state money for the Medicaid program.