Pharmaceutical


Pfizer Reorganizing to Handle Aging Consumers and Patents

The drugmaker Pfizer, facing an aging population and shifting risks from the loss of patents, is reshaping its structure into three businesses. The divisions, announced Wednesday, include Innovative Medicines, which…

Read more »

Pharma Firm Teva Moving HQ to New Jersey from Pennsylvania

New Jersey Gov. Phil Murphy says Teva Pharmaceuticals is moving its U.S. headquarters to the state from Pennsylvania. The Israel-based company is moving from North Wales to Parsippany-Troy Hills. Murphy…

Read more »

The Upshot of an Increase In Allergic Reactions

According to a new report from the Blue Cross Blue Shield Association, whose researchers looked at almost 10 million children in the U.S., the rate of emergency room visits due…

Read more »

Canadian Pharmacy Fined $34 Million for Illegal Imports

An online pharmacy that bills itself as Canada’s largest was fined $34 million Friday for importing counterfeit cancer drugs and other unapproved pharmaceuticals into the United States, a sentence that…

Read more »

Pfizer, Riding Tax Changes, Puts Up Huge 4Q Profit

Pfizer’s fourth-quarter profit soared to $12.27 billion, thanks to a huge tax benefit related to the U.S. tax system overhaul. The biggest U.S. drugmaker on Tuesday reported an $11.34 billion…

Read more »

New Jersey Sues OxyContin Maker, Claims It Misled Public

New Jersey filed a lawsuit Tuesday against the company that manufactures OxyContin, claiming a “direct link” between the state’s opioid crisis and the firm’s deceptive marketing practices. State Attorney General…

Read more »

Troubled Teva Hires CEO with Turnaround Experience

Teva Pharmaceuticals chose a new CEO on Monday, a Danish executive who was lauded for among other things his “turnaround experience,” Globes reported. After thrashing about for six months in…

Read more »

Knesset Tells Teva: Freeze Layoffs — Or Else

The Knesset Finance Committee has given Teva Pharmaceuticals an ultimatum: Either hold off on 350 planned layoffs to allow for talks with the workers, or face tough scrutiny of the…

Read more »