Drug Maker Stops Work on Lung Disease Medicine
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Patients with a potentially fatal lung condition have spent hundreds of millions of dollars on a drug that was not approved for their disease but was promoted for that use.
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GenVec Inc. shares lost almost half their value Thursday after the Food and Drug Administration halted a study of its lead product candidate because the anti-cancer drug may increase blood clots in patients.
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Canadian officials suspended the use of a hyperactivity drug amid reports of deaths associated with its use.
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SOME of the biggest companies in the drug industry are shivering under an avalanche of bad news. Merck has already been hit hard by the withdrawal of Vioxx, its arthritis drug.
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Sanofi-Aventis has withdrawn its  marketing application for its Multaq heart arrhythmia treatment  in the European Union, the world's third-largest drugmaker said  on Thursday.
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German drug maker Altana said that it had postponed its application for approval of its new asthma treatment Roflumilast in the United States in order to undertake additional clinical trials on the drug.
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In an announcement that took doctors, patients and stock analysts by complete surprise, lung cancer drug Iressa failed to help patients live longer in a significant clinical trial.
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Bayer HealthCare stopped a late-stage trial of Nexavar in patients with non-small cell lung cancer after a monitoring committee concluded the study would not improve overall survival.
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The Shanghai-based manufacturer of a leukemia drug that was banned by China's drug watchdog after some patients reported leg pains and difficulty walking said Monday it was investigating the problem.
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An Indian pharmaceutical company, Ranbaxy, has withdrawn of ten of its generic AIDS drugs after an investigation revealed flaws in research claiming the drugs were as effective as patented ones.
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The doctor at the center of a prescription drug scandal involving the University of Washington softball team has agreed to stop practicing medicine in a settlement with the state Medical Quality Assurance Commission.
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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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China's food and drug watchdog announced it had shut down five drug makers over the last year, including one that made a substance implicated in 11 deaths, state media reported Saturday.
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Manufacturers of unapproved extended-release cough and cold drugs that contain an expectorant called guaifenesin have until Nov. 25 to stop shipping the medications, health officials said yesterday.
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China's drug watchdog announced Saturday it has suspended the sale of a drug used to treat acute leukemia and rheumatoid arthritis in the latest move to hit the country's scandal-ridden drug industry.
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AstraZeneca Plc has withdrawn its  marketing application for lung cancer pill Iressa in Europe  after the drug failed to help patients live longer in a  clinical study, Europe's third largest drugmaker said on  Tuesday.
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Stock falls on news treatment failed a mid-stage trial, company will cease developing drug. NEW YORK  - AtheroGenics Inc.