| Mar 25, 2015
| 4:04 PM
HJ Heinz buys Kraft to build $28 billion food giant
Some of the most familiar names in ketchup, pickles, cheese and hot dogs are set to come under the same roof after H.J. Heinz Co. announced plans Wednesday to buy Kraft and create one of the world'...
| Mar 25, 2015
| 12:35 PM
The global pharmaceutical industry is make huge investments in treatments for rare diseases, which once drew little interest from major drugmakers. A look at some key statistics on rare diseases:
— Patients with a rare disease in the U.S.:...
| Mar 25, 2015
| 1:03 PM
The global pharmaceutical industry is pouring billions of dollars into developing treatments for rare diseases, which once drew little interest from major drugmakers but now point the way toward a new era of innovative therapies and big profits.
| Mar 23, 2015
| 2:28 PM
Biogen Idec Inc. is shortening its name to just Biogen as of Monday.
The biotechnology company is also introducing a new corporate logo. But it will maintain "BIIB" as its ticker symbol.
It said the moves reflects both its evolution and focus on...
| 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 7, 2015
| 6:49 PM
Pfizer Inc. led the deal-making in the interconnected pharmaceuticals industry Thursday, saying it would buy Hospira Inc. for about $17 billion, including debt.
Hospira is a leader in the generic injectable-medicine market and is among those at the...
| 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...
| Mar 5, 2015
| 2:49 PM
Three bidders remained at the last hour, but North Chicago-based AbbVie walked away the winner late Wednesday to buy a California company and its expected blockbuster blood cancer drug.
"I've been through a lot of these, and I'd say this was probably one...
| 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...
| 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...