| Mar 5, 2015
| 10:20 AM
SUNNYVALE, Calif. It took more than 20 years for Pharmacyclics to launch a blockbuster drug, but the payoff for its success was immense.
The biotech company has agreed to be acquired by AbbVie for about $21 billion, the companies announced Wednesday...
| Feb 11, 2015
| 12:43 PM
Federal authorities have notified a Lehigh County company it must change the way it sells products portrayed as therapeutic cough syrup.
A U.S. Food and Drug Administration "warning letter" sent to Fragrance Manufacturing Inc. of Hanover Township says...
| Mar 2, 2015
| 10:10 PM
One of the nation's leading medical researchers joined the Food and Drug Administration on Monday, taking on the agency's No. 2 leadership job at a critical juncture for prescription drugs, medical devices and tobacco products.
Dr. Robert Califf comes to...
| Feb 12, 2015
| 7:23 AM
Hospira, the Lake Forest-based maker of injectable and biotechnology drugs, reported fourth-quarter and full-year 2014 earnings Thursday.
The company plans to sell to pharmaceutical giant Pfizer in the second half of 2015 for $15.23 billion.
| Feb 10, 2015
| 9:10 AM
Hospira shares got a big boost last week when Pfizer agreed to buy the company for $15.23 billion. This week, Hospira is paying it forward to a small pharmaceutical company in California, agreeing to help it develop a drug.
Pfenex, which issued its...
| Feb 16, 2015
| 7:28 PM
MIDDLETOWN – Consumers would no longer pay a sales tax on over-the-counter-drugs, but they would continue to pay taxes on clothing and footwear costing less than $50 under a proposal outlined Monday by Gov. Dannel P. Malloy.
Both taxes were...
| Feb 12, 2015
| 5:57 PM
John Standley, chief executive of the Rite Aid pharmacy chain, was effusive this week in describing how consumers will benefit from his company spending $2 billion to buy EnvisionRx, a firm most people likely never heard of.
The deal, he said, will...
| Mar 1, 2015
| 7:17 AM
Three years ago, Dr. Wayne Benjamin — then 67 years old — was considering retirement. He was worn out, frustrated with the daily grind of his family medicine practice and the increasing pressure to see "more and more patients in shorter and...
| Feb 23, 2015
| 12:29 PM
Baxter International said Monday its spinoff pharmaceutical company Baxalta will be located in north suburban Bannockburn, not far from Baxter's headquarters in Deerfield.
"Selecting Baxalta's global headquarters is a key milestone on our journey to...
| Feb 22, 2015
| 5:00 AM
Mary Marcuccio knows all about the toll of opiate abuse: Her son became addicted to prescription painkillers that he first obtained from a friend's medicine cabinet.
"Our story is typical," said Marcuccio, a former Southington resident who runs a...
| Feb 13, 2015
| 4:22 AM
We get the calls every day. Parents, siblings, grandparents and friends are reaching out to our organization worried that their loved one is abusing prescription medicine.
Prescription drug abuse is an epidemic and is skyrocketing among our nation's...