Lilly in Settlement Talks With U.S.
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A settlement of an inquiry into Lillyâs marketing of the antipsychotic drug Zyprexa could result in the companyâs paying more than $1 billion to federal and state governments.
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Merck & Co. Inc.  has agreed to pay $2.3 billion to settle a tax dispute with the U.S. Internal Revenue Service, the drugmaker said on Wednesday, but other tax disputes with U.S. and Canadian authorities totaling $3.26 billion remain unresolved.
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Medarex Inc., a Princeton, NJ, biotechnology company, could receive up to $510 million under a global collaboration deal it signed with New York-based Pfizer Inc.
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Eli Lilly and Co. said on Tuesday that  U.S. regulators have approved its new antidepressant as a  treatment for pain associated with nerve damage in diabetics,  making it the first drug approved for the disorder and sending  the company's shares up 2 percent.
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Eli Lilly and Co.  said on Monday it has increased its offer for biotechnology company Icos Corp.  to $2.3 billion from $2.1 billion after at least one Icos shareholder called the earlier bid too low.
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International Business Machines  Corp. said on Friday that it notified a U.S. District Court  that it is in discussions to resolve some of the issues in a  potentially multibillion-dollar lawsuit over its pension plan.
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The United States and Pakistan are to begin talks on a bilateral investment treaty that could offer new opportunities for exporters and investors in both economies, officials said.
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The pharmaceutical's settlement ends a government probe.
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Drugmaker Wyeth WYE.N has reached a  tentative framework with a group of plaintiffs' lawyers to  settle nearly all remaining liability cases stemming from  allegations that some of its diet drugs damaged heart valves,  the Wall Street Journal reported on Tuesday, citing people  familiar with the negotiations.
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Cardinal Health's deal with Lilly suggests the new fee-for-service model is gaining traction.
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NEW YORK -- Eli Lilly &amp; Co. will buy Hypnion Inc. as part of an effort to enter the market for sleeping pills.
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Wal-Mart Stores Inc., the world&#39;s No. 1 retailer, is talks with the US Attorney for the Middle District of Pennsylvania to settle an investigation into whether it knowingly hired contractors
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Johnson &amp; Johnson (nyse: JNJ - news - people ) is said to be in advanced talks to buy medical device maker Guidant (nyse: GDT - news - people ) for more than $24 billion.
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The telecommunications company is said to be in negotiations, in what may be the latest round of deal making in its industry.
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NEWARK, New Jersey  - Four medical device makers will pay a total of $311 million and agreed to federal monitoring to settle a government probe into consulting deals prosecutors said were made with surgeons to sway decisions on which hip and knee implants to give to patients.
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Blog: IBM and SEC reach settlement in stock options expensing disclosure case. No fines or monetary penalties for company.
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The deal will settle claims that Merck overcharged Medicaid programs, and resolve charges over marketing.