Merck Licenses Bone Drug for Generic Sale
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Merck & Company said it had signed a deal for an authorized generic form of its blockbuster osteoporosis drug Fosamax to become available in February.
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Biogen Idec Inc. and Elan Corp. said yesterday that they have applied to the Food and Drug Administration for approval to sell Tysabri, a multiple sclerosis drug, to treat patients with Crohn's disease.
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Drug maker Merck & Co. Inc. said on Friday it acted "responsibly and appropriately" in developing and marketing recently recalled arthritis drug Vioxx.
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Genentech and OSI Pharmaceuticals won federal approval yesterday to sell Tarceva, a pill to treat lung cancer.
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When pharmaceutical giant Merck &amp; Co. abruptly pulled its arthritis pain medication Vioxx from the marketplace on Sept. 30, more than 2 million patients were taking the drug.
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FRANKFURT/ZURICH  - German drugmaker Merck KGaA   MRCG.DE unveiled a surprise 16.6-billion-Swiss franc ($13.3   billion) deal to buy Swiss biotech firm Serono on Thursday,   creating a new force in European pharmaceuticals.
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German drug maker Schering AG (SCHG.DE: Quote , Profile , Research ) was boosted on Thursday as the U.S. Food and Drug Administration granted its Bonefos treatment "priority review" for preventing bone tumours ...
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Swiss drugmaker Roche Holding AG is taking legal action against Israel's Teva Pharmaceutical Industries Ltd  in the United States to prevent Teva from selling a generic version of Roche osteoporosis drug Boniva, Roche said on Tuesday.
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Consolidation in Europe's drugs   sector gathered steam on Thursday as Germany's Merck MRCG.DE   unveiled a $13.3-billion deal to buy Europe's top biotech firm   Serono SEO.VX, and Denmark's Nycomed won the drugs unit of   Altana ALTG.DE.
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The biotechnology company said Thursday that its experimental osteoporosis drug proved superior to Fosamax from Merck in a clinical trial.
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Nonbinding offers for the generics  business of Merck KGaA , worth at least 4 billion  euros ($5.3 billion), are due on Monday, a source close to the  sale process told Reuters, confirming a newspaper report.
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The deal, which must be approved by regulators, will make the German group the number one generics company in Scandinavia, a growing market worth about 600m last year, according to Merck.
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German drugs and chemicals group  Merck KGaA sold its worldwide electronic chemicals business to  BASF for 270 million euros ($352 million), the two companies  said on Friday.
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Merck & Co Inc. won U.S. approval for a new drug to treat a rare and slow-growing skin cancer, health officials said on Friday.
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Merck has obtained rights to license an experimental anti-obesity drug that is based on a hormone the body uses to signal that it has eaten enough.
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Merck & Co Inc's Gardasil, the first  vaccine to prevent cervical cancer, has been approved for sale  in the Europe Union, the joint venture that will market the  product in Europe said on Friday.
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Pfizer Inc. , the world's largest drug maker, said it won US approval to sell its Lyrica pill to treat nerve pain associated with diabetes and shingles.