Bad Day for Drug Companies - and Patients
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Investors in pharmaceuticals were dealt a triple whammy on Friday as Pfizer Inc, AstraZeneca Plc and Eli Lilly and Co all shocked the market with bad news about key products.
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THE pharmaceutical industry was reeling last night, as AstraZeneca and Pfizer put key drug development programmes on hold and Eli Lilly issued a warning on one of its best selling medicines.
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If too much risk makes you queasy, these drug companies are for you.
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The $500 billion drug industry is stumbling badly in its core business of finding new medicines, while aggressively marketing existing drugs.
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NEW YORK - Merck &amp; Co.&#39;s decision to pull its Vioxx anti-arthritis drug from the markets because of severe side effects left the pharmaceutical sector mixed Thursday.
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Pfizer, AstraZeneca and Eli Lilly - each disclosed serious problems with important medicines yesterday, throwing a spotlight on the fact that the $500 billion
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Too many doctors write prescriptions while under the influence of drug companies. Aggressive prosecution of the worst cases could help mend doctor-patient trust.
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Cancer patients are being put at risk because of the refusal of drug companies to publish the results of clinical trials, scientists claimed yesterday.
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In the US drug industry, it often takes a disaster to bring change. Not until thousands of European babies were deformed by thalidomide in the late 1950s and early 1960s did Congress raise standards for approvals.
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The spate of bad news about painkillers has dealt a major setback to what had been a highly promising effort to use the drugs to prevent a host of leading killers, including many types of cancer, Alzheimer&#39;s and other forms of dementia.
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SHANGHAI -- Looking at the facts, the past year seems to have been disastrous for Worldbest Pharmaceutical.  First, there were reports of accounting irregularities and exaggerated profit. Half the managers were fired. Then, in the summer, six people died and at least 80 fell ill after receiving an antibiotic injection manufactured by a subsidiary. Most recently, the company warned investors that it was likely to report its third consecutive year of losses....
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Arthritis sufferers across South Africa have been inundating call centres and pharmacists in the wake of the shock withdrawal of their medication by the manufacturers of the most widely used drug treating the disease.
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Wall Street plays the overreacting game; Walgreen and CVS suffer.
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The spate of bad news about painkillers has dealt a major setback to what had been a highly promising effort to use the drugs to prevent a host of leading killers.
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Merck &amp; Co., the second-largest US drugmaker, lost its AAA credit rating from Standard &amp; Poor&#39;s because of revenue losses and potential liabilities from the company&#39;s September recall of the Vioxx painkiller.
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ANOTHER week came to a close, but not on a happy note for a clutch of Indian drug companies which felt the heat for different reasons.
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With the stunning recall of a popular pain medication last week and the impact it had on patients, the stock market and its manufacturer, it may be worthwhile to review how drugs get to market and how safety data are gathered.