Medicines Co. shares tumble after U.S. bill dies
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Shares of the Medicines Co.  fell 10 percent on Monday after the U.S. Congress failed to enact a bill that would have helped the company's bid to extend a patent on its flagship drug Angiomax, a blood thinner.
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Maxim Pharmaceuticals Inc.  shares plunged nearly 60 percent on Monday after the company said its experimental liver cancer drug failed to show an improvement in patient survival rates during a clinical trial.
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Pfizer Inc. , Merck &amp; Co. , and fellow drug makers thought Republican congressional majorities and President Bush's reelection created a firewall against legal prescription drug imports. The wall is starting to crack.
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GlaxoSmithKline shares fall sharply after US research links its diabetes drug Avandia to a higher risk of heart attacks.
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PFIZER, the drugs group best known for producing Viagra, has suffered a collapse in US sales of its blockbuster Celebrex painkiller on the back of clinical trials showing a heightened risk of heart attacks.
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TRENTON, N.J. -- Shares of drug maker Merck &amp; Co. dropped 2.5 percent in heavy trading yesterday, a day after medical journal reports offered fresh ammunition to patients suing over its withdrawn painkiller Vioxx.
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U.S. stocks were knocked lower on  Thursday after drug maker Merck & Co.MRK.N, a member of the  blue-chip Dow, recalled its widely sold Vioxx arthritis drug  and oil resumed its climb to $50 a barrel.
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The pharmaceutical lobby pushed back Wednesday against a renewed effort in Congress to pass a law enabling U.S. consumers to buy cheaper prescription drugs from Canada and other countries.
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Stocks dropped in very heavy trading Friday as fresh concerns about pharmaceuticals, coming after Pfizer Inc. announced a troublesome health study of its Celebrex drug, overshadowed news of subdued growth in consumer prices and inflation.
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Drugs giant Merck and Co. shares plunged nearly 10 percent as the Wall Street Journal said the firm had fought for years to minimize the risks in its blockbuster pain drug Vioxx.
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AstraZeneca Plc suffered its third setback in two months on Friday as lung cancer drug Iressa failed to help patients live longer in a major clinical trial, sending its shares down as much as 9.2 percent.
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Shares of Merck &amp; Co. plunged Monday after a news report suggested that the company knew about risks associated with its recently recalled Vioxx arthritis medication and tried to cover them up.
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US stocks fell as setbacks for drugmakers, including a study showing Pfizer Inc.&#39;s Celebrex painkiller increased the risk of heart attacks, sent health-care shares tumbling.
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Leading shares closed lower, as losses amongst heavy weight pharmaceutical makers hit both sides of the Atlantic, dealers said.
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A warning by the regulator who spearheaded investigations into Vioxx that five further drugs may have safety concerns has prompted a plunge in shares in major pharmaceuticals companies.
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Shares of Wyeth WYE.N and Pfizer  Inc. PFE.N fell on Monday after Merrill Lynch downgraded the  drugmakers and U.K. regulators issued tougher warnings on the  type of popular depression drugs sold by the companies.
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The share prices of gaming giants listed in London have dived after US lawmakers backed a bill to outlaw gambling over the Internet, dealers said.