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Packaging News - Pharma/Medical Device

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Pharma/Medical Device

Medtronic to Buy CryoCath Technologies

Star Tribune (Minneapolis)
September 26, 2008 - The $380 million acquisition of the Canadian heart device maker is expected to close in the fourth quarter....
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FDA Warns Makers of Unapproved Eye, Skin Drugs

U.S. Food and Drug Administration
September 25, 2008 - The agency is trying to ensure that all ophthalmic balanced salt solutions and topical preparations containing papain have been reviewed for safety and efficacy....
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Eli Lilly to Disclose Payments to Doctors

Rocky Mountain News (Colorado)
September 25, 2008 - The drug maker has announced its commitment to informing the public of how much it pays physicians for advice, speeches and other services....
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Ligand to Acquire Pharmacopeia

PrimeNewswire
September 25, 2008 - The stock-swap deal is valued at up to $70 million....
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Kowa, Teva to Set Up Joint Generic Drug Firm in Japan

Jiji Press English News Service (Japan)
September 25, 2008 - The entity, dubbed Teva-Kowa Pharma Co., will start sales as early as 2010, aiming to achieve sales of 100 billion yen, or 10 percent of the Japanese market for generic pharmaceuticals....
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Inhaler Lung Drugs Tied to Heart Problems, Deaths

Associated Press
September 24, 2008 - Use of tiotropium, sold as Spiriva Handihaler by Boehringer Ingelheim, and ipratropium, available generically, was found to be risky in a study reported in today's Journal of the American Medical Association....
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Pfizer Retooling, Pushing Emerging Market Sales

Associated Press
September 23, 2008 - Ian Read, speaking at the 2008 UBS Global Life Sciences conference in New York, said the company has reduced annual costs by $1.2 billion from 2006 levels....
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Bristol-Myers Squibb Launches Sweetened Bid for ImClone

Associated Press
September 23, 2008 - BMS on Monday said it was boosting its previous $60-per-share offer for the portion of ImClone that it does not already own. The drug maker valued the new offer at $4.7 billion....
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Schering-Plough Cuts 1,000 U.S. Sales Jobs

Associated Press
September 22, 2008 - The cuts are one of several steps the drug maker is taking to reduce costs and reposition itself in an ever-changing industry....
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Sanofi-Aventis Raises Bid for Zentiva

Associated Press
September 22, 2008 - The French drug maker is now offering about 1.8 billion euros ($2.6 billion) for its Czech counterpart....
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