EU Raids Target Drug Firms
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An investigation has been launched to investigate whether drug firms have been fixing the market to squeeze out copycat medicines
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By JAN SLIVA  STRASBOURG, France - Some dangerous chemicals could be banned from the European market and about 30,000 substances used in everyday products ranging from detergents to toys will have to be registered in a central European Union database under a law approved Wednesday.
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'If you sell illegal medicines, we will stop you' Healthcare regulators have raided a series of UK web businesses believed to be connected to the illegal offering of prescription drugs on the internet.â¦
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Employees will be subject to stringent new restrictions on stock holdings, outside consulting, and other forms of income from drug companies under new regulations to take effect this week.
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Drugmakers get part of the job done outside of the U.S.
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Illegal drugs may be cheaper than ever before in Europe, with prices of heroin slumping 45 percent and cocaine down 22 percent over five years, according to the first Europe-wide report of its kind on drug prices.
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IBEC has launched a website with a set of guidelines to help companies with complex EU chemical laws that came into force yesterday. IBEC is also to run a series of training programmes for companies.
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Drug companies and other multinational corporations are once again resorting to complex strategies, many of them legal, to shelter profits in international tax havens.
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The European Commission said on Friday it has contacted a number of companies regarding their alleged participation in an air freight cartel.
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By Helen Logan  Firms were today warned to start gearing up for Europe's biggest- ever single piece of legislation.   Euro-MPs have given the green light to new laws on the testing of thousands of chemicals in daily use.
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The European Commission has proposed a licensing system that would make it easier for European generic drug makers to provide treatments against killer diseases such as AIDS, malaria and tuberculosis to developing countries, it said.
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The European Commission has ordered a  full-scale probe into the safety of five remaining Cox-2  arthritis drugs, following last month's worldwide withdrawal of  Merck & Co Inc.'s Vioxx.
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The recent Dutch raid against a suspected military training camp used by Turkish Kurdish rebels is the largest crackdown against the group in Europe, which has become a base for autonomy-seeking militants to collect money, recruit and train, authorities say.
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A crackdown on dealers and users of drugs including cocaine and heroin is launched by English and Welsh police.
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The safety of herbal medicines, which  are widely used on the basis of scant scientific evidence, is  to be investigated by a new panel of European experts.
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Consolidation in Europe's drugs   sector gathered steam on Thursday as Germany's Merck unveiled a   $13.3-billion deal to buy Europe's top biotech firm Serono, and   Denmark's Nycomed won the drugs unit of Altana.
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The European Commission conducted  antitrust raids against Intel Corp's Munich offices on Tuesday  and against retailers selling products of the world's largest  chip maker, the Commission and the chip maker said.