Rockville Firm Deals Drug Rights to Lilly
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Rockville biotech firm MacroGenics said yesterday that it has sold exclusive rights for its lead product in development -- a novel treatment for Type 1 diabetes -- to drug behemoth Eli Lilly for an initial payment of $41 million.
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Eli Lilly pushed Zyprexa, a drug for schizophrenia and bipolar disorder, as a treatment for older patients with dementia, according to marketing materials.
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A small Rockville biotech company, started by a former government scientist 10 years ago to take on the global problem of tuberculosis, plans to announce today a significant step forward for a drug at the center of its business.
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INDIANAPOLIS - Eli Lilly &amp; Co. debuted a Web site Wednesday for clinical trial data on its prescription drugs, including Prozac and its new antidepressant, Cymbalta.
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Confidential company documents obtained by a leading medical journal suggest that drug giant Eli Lilly &amp; Co. was aware that its antidepressant Prozac was linked to troubling
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erck &amp; Company has obtained rights to license an experimental drug to treat obesity that has generated scientific interest because it is based on a hormone used by the body to signal that it has eaten enough.
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The drug maker's paperwork also is part of the actions required to issue shares in connection its proposed offer Polish pharmaceutical company known as Polfa Kutno.
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Drugmaker Perdue Pharma has agreed to give the West Virginia Attorney Generalâs office $10 million to end a lawsuit accusing the company of dishonestly marketing the painkiller OxyContin.
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The former will take over development of the latter's drug.
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Eli Lilly and Co  is in settlement talks with federal prosecutors regarding a civil and criminal investigation into Lilly's marketing of its top-selling schizophrenia drug Zyprexa, the New York Times reported on Wednesday.
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Drugmaker Eli Lilly and Co. LLY.N on  Wednesday said its restructuring will result in a  fourth-quarter charge of 24 cents to 27 cents per share, above  its previous estimate of 19 to 24 cents per share.
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Eli Lilly and federal prosecutors are discussing a $1 billion fine to settle a civil and criminal investigation into the companyâs marketing of the antipsychotic drug Zyprexa.
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German chemical and drug maker Bayer AG announced Monday it has entered a strategic alliance with the Schering-Plough Corporation that will have the New Jersey-based company market and distribute Bayer&#39;s primary care pharmaceutical products in the United
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A partnership deal has investors in the small specialty pharma excited.
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Analysts said the venture would create a drug benefit manager that could take on retail leader Wal-Mart
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A Martin County man is suing the maker of the prescription drug Vioxx and the Walgreens Corporation. Mark Tomlin alleges he had a heart attack after taking the drug to relieve pain from arthritis.
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The deal will settle claims that Merck overcharged Medicaid programs for four drugs, including Vioxx and Zocor, and resolve allegations of improper marketing to doctors.