Omni BioTech to pay penalty and halt sales
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The state has effectively shut down a Marysville-based company that allegedly misled consumers about the effectiveness of breast-enlargement, weight-loss and sexual-dysfunction products it marketed through Web sites.
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The biotech company reported net income of $833 million, or 71 cents per share, for the latest quarter.
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GenVec Inc. has suspended human testing of its leading drug, a potential cancer therapy, after a patient died during a study. The Gaithersburg biotechnology company&#39;s stock plunged
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The U.S. Food and Drug Administration has ordered 20 companies, including Novartis AG's Sandoz unit, to stop marketing a number of unapproved drugs used to fight headaches, the agency said on Thursday.
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The product is one of the biggest-selling medical devices in history. The side effect is rare and deadly. And the impact is a giant question mark hanging over Boston Scientific Corp. , the region's biggest life-science company.
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Shares in Repligen Corp. fell nearly 18 percent yesterday after the Waltham biotech company settled a patent suit with ImClone Systems Inc. for less than some investors expected. Under terms of the deal, ImClone agreed to pay $65 million to end the case.
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Genzyme and Millenium vie to purchase the Canadian biotech.
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Federal health officials yesterday scuttled the largest piece of the Bush administration's two-year program to counter bioterrorism, canceling an $877.5 million contract with VaxGen to develop an anthrax vaccine after the company missed a deadline to begin human testing.
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China's drug watchdog on Friday ordered domestic companies to stop producing and selling Novartis AG's Zelnorm for irritable bowel syndrome and warned patients to stop taking it.
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By Thomas J. Morgan; Journal Staff Writer  The company agrees to pay more than $100,000 in penalties and contributions.
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Shares of pharmaceutical companies OSI  Pharmaceuticals Inc. OSIP.O and Genentech Inc. DNA.N fell  sharply before the bell on Friday on concerns about the price  and a warning label on a key new drug the two collaborated to  produce.
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A company that made contaminated pet food that killed dozens of dogs nationwide will pay $3.1 million in a settlement with pet owners, an attorney said Friday.
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A company that illegally provided patients â in particular, athletes â with human growth hormone agreed Tuesday to pay a $10.5 million fine.
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Infineon Technologies AG, a German manufacturer of DRAM (dynamic RAM) has agreed to plead guilty and pay a US$160 million fine for attempting to fix prices in the DRAM market, the US Department of Justice (DOJ) announced Wednesday.
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American biotechnology firm Amgen yesterday lost its right to produce a billion-dollar anaemia drug, Epogen, exclusively in the UK after a House of Lords ruling.
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Agrochemical giant Monsanto agrees to pay $1.5m ($799,000)  in US penalties for bribing a high-level Indonesian official.
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Former ImClone Systems Inc. IMCL.O  Chief Executive Sam Waksal has agreed to pay a $3 million civil  penalty to settle charges over the insider trading scandal that  also involved lifestyle entrepreneur Martha Stewart, U.S.  regulators said on Wednesday