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Dollar soars, stocks set new highs on Fed stimulus exit talk
ReutersNEW YORK (Reuters) - The U.S. dollar soared against major currencies on Friday on growing speculation that the Federal Reserve could soon begin to rein in its bond-buying program and after data showed U.S. consumer sentiment hit an almost six-year high in...Tags: Verizon Communications, Vodafone Group Plc, Annapolis, Cyprus, UPS Inc.
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AstraZeneca accelerates cancer drug testing
ReutersLONDON (Reuters) - AstraZeneca has enrolled the first patient into a final-stage clinical trial of a new drug for a rare type of leukemia as the group's new CEO delivers on a promise to accelerate its oncology programs. Britain's second-biggest drugmaker...Tags: Oncology, Medical Specialization, Lung Cancer, Leukemia, Ovarian Cancer
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Cubist bid almost $1 bln for Optimer before sale process-sources
ReutersBy Jessica Toonkel NEW YORK, May 15 (Reuters) - Before Optimer Pharmaceuticals Inc even put itself up for sale earlier this year, Cubist Pharmaceuticals Inc offered to buy the antibiotic maker for $20 per share, or nearly $1 billion, two people...Tags: Japan, Thomson Corporation, Cubist Pharmaceuticals Incorporated, Diarrhea
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Cubist bid for Optimer before sale process began: sources
ReutersNEW YORK (Reuters) - Before Optimer Pharmaceuticals Inc even put itself up for sale earlier this year, Cubist Pharmaceuticals Inc offered to buy the antibiotic maker for $20 per share, or nearly $1 billion, two people familiar with the matter told Reuters...Tags: Japan, Thomson Corporation, Cubist Pharmaceuticals Incorporated, Diarrhea
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A taste for defensives sours prospects for European stocks
Reuters* Defensive stocks unusually leading Europe stock rally * Healthcare price/earnings ratios at five-year highs * Fund managers still favour defensives -BofA ML survey By Tricia Wright LONDON, May 14 (Reuters) - Defensive stocks such as healthcare...Tags: Thomson Corporation, Economy, Business and Finance, JPMorgan Chase & Co., Earnings, Chemical Industry
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RPT-ANALYSIS-Drugmakers face more scrutiny of discordant U.S. prices
Reuters(Repeats to widen readership) By Deena Beasley LOS ANGELES, May 10 (Reuters) - The world's biggest drug makers have for years enjoyed rich premiums for their medicines in the U.S. market. Those days may be coming to an end. Companies like Pfizer Inc...Tags: Politics, National Government, Health Insurance Cost, Arts and Culture, Environmental Issues
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U.S. spending on medicines fell for first time in 2012
Reuters(Reuters) - Patent expirations on big-name drugs such as Lipitor and Plavix has resulted in modestly less spending on medicines in the United States for the first time in at least 55 years, according to a report released on Thursday. Overall U.S....Tags: Hospitals and Clinics, Bristol Myers Squibb Company, Health Insurance Cost, Prescription Drugs, Flu
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XxANALYSIS-Drugmakers face more scrutiny of discordant U.S. prices
ReutersBy Deena Beasley LOS ANGELES, May 10 (Reuters) - The world's biggest drug makers have for years enjoyed rich premiums for their medicines in the U.S. market. Those days may be coming to an end. Companies like Pfizer Inc and AstraZeneca have grown...Tags: Politics, National Government, Health Insurance Cost, Arts and Culture, Environmental Issues
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REFILE-ANALYSIS-Drugmakers face more scrutiny of discordant U.S. prices
Reuters(Removes "XX" from headline) By Deena Beasley LOS ANGELES, May 10 (Reuters) - The world's biggest drug makers have for years enjoyed rich premiums for their medicines in the U.S. market. Those days may be coming to an end. Companies like Pfizer Inc and...Tags: Politics, National Government, Health Insurance Cost, Arts and Culture, Environmental Issues
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Spending on drugs falls for first time in 55 years
ReutersThe amount of money Americans spend on prescription drugs fell for the first time in 55 years, according to a report from the IMS Institute of Healthcare Informatic. The expiration of patents on widley used drugs such drugs such as Lipitor and Plaviix...Tags: Bristol Myers Squibb Company, Health Insurance Cost, Statins (drugs), Pfizer Inc., Patient Protection and Affordable Care Act
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BRIEF: Giant Eagle sues drug makers, claims they delayed generic drug
The Pittsburgh Tribune-ReviewGiant Eagle Inc. claims in a federal antitrust lawsuit filed Wednesday in Pittsburgh that AstraZeneca LP and three generic drug makers conspired to delay the availability of generic versions of Nexium so that the London-based company could maximize its...Tags: Crime, Law and Justice, New York City, Chemical Industry, Pharmaceuticals, Pittsburgh
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European shares dip from multi-year highs
ReutersPARIS, May 9 (Reuters) - European shares fell in early trade on Thursday, halting a sharp three-week rally to multi-year highs, with pharmaceutical stocks trimming recent lofty gains. GlaxoSmithKline and AstraZeneca were both down 0.5 percent. The sector...Tags: GlaxoSmithKline PLC
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