| 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...
| Mar 14, 2015
The story of MedImmune, the Maryland startup that British pharmaceutical giant AstraZeneca bought for $15.6 billion in 2007, is an example for entrepreneurs striving for their own blockbuster deals. But MedImmune leaders say they want to go beyond leading...
| 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...
| Mar 5, 2015
| 2:44 PM
AbbVie will spend about $21 billion to buy fellow drugmaker Pharmacyclics and add another major revenue producer to a portfolio that already includes the world's top-selling drug.
The deal will give the North Chicago, Ill., drugmaker Imbruvica, a blood...
| 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...
| Jan 18, 2015
| 10:00 PM
A Northbrook company said it has won fast-track status for approval of a drug that could become the first in the United States to treat Duchenne muscular dystrophy, a fatal muscle disease found most often in boys.
Privately held Marathon Pharmaceuticals...
| Feb 3, 2015
| 11:14 AM
PITTSBURGH — Ride-sharing service Uber is partnering with Carnegie Mellon University on a Pittsburgh research lab both hope could lead to the development of driverless cars.
Carnegie Mellon and its Robotics Institute have been working on...
| Feb 4, 2015
| 2:30 AM
As health insurers shift more of the cost burden to consumers, the average U.S. worker with employer-provided coverage now pays $9,695 per year in premiums and out-of-pocket costs for a family of four -- a 118 percent increase over the past decade,...
| Jan 12, 2015
| 12:08 PM
Alfred Mann, the billionaire entrepreneur and inventor behind several successful medical device companies, is stepping down as chief executive of MannKind Corp., a Valencia maker of inhaled insulin.
Mann, 89, the founder and chief financial backer of...
| Jan 30, 2015
| 11:09 AM
AbbVie's fourth-quarter and 2014 earnings were defined by an engagement to Irish drugmaker Shire that quickly crumbled.
The North Chicago-based biopharmaceutical spinoff from Abbott Laboratories beat expectations on adjusted figures but took a blow...