Companies Lose Drug Patch Suit
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A federal jury awarded $5.5 million to the father of a man who died while wearing a drug patch made by two Johnson & Johnson subsidiaries.
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Pfizer has lost a Chinese court case aimed at protecting its rights to a popular Chinese translation of Viagra.
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Merck and Co  on Wednesday reported a fourth-quarter loss due to a number of charges, including for a costly settlement related to its withdrawn Vioxx arthritis drug.
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By Stephen Foley in London and Katherine Griffiths in New York. More than Â£6bn was wiped off the value of the UK&#39;s two giant pharmaceuticals companies yesterday as they and the US regulator attempted to quell a furore over drug safety.
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(230 sec.) How the company can offset the loss of heart drug Torcetrapib.
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Eli Lilly loses a pair of patent cases over its top compound.
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The larger pharmaceutical drops out of daclizumab development.
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A lawsuit filed by the state and city of New York claims the drugmaker concealed the risks of the arthritis treatment Vioxx.
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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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New York State Comptroller Alan Hevesi sued Merck &amp; Co. over pension fund losses related to Vioxx, the painkiller pulled from the market on Sept.
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Stock falls on news treatment failed a mid-stage trial, company will cease developing drug. NEW YORK  - AtheroGenics Inc.
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Pfizer settled a lawsuit against a rival drug maker, Novartis, for alleged infringement of a United States patent for the antibiotic medicine Zithromax. Pfizer sued Novartis and Sandoz, a unit operating in the United States, in February 2006 in federal court in Wilmington, Del., saying it would be irreparably harmed by the rival companiesâ use of the invention for forms of crystal azithromycin; Pfizer sought unspecified damages. The parties have agreed to settle all claims over the 2005 drug patent, and the suit was dismissed June 25, according to court papers. Pfizer is based in New York, and Novartis is based in Basel, Switzerland.
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U.S. drugmaker Pfizer Inc  said on Wednesday a New York State court ruling related to litigation over the company's painkiller Celebrex may cause many cases to be dismissed.
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Pfizer Inc., the world&#39;s largest drugmaker, agreed to pay $430 million to resolve personal-injury claims against a subsidiary that sold products containing asbestos in the 1970s.
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A U.S. court dealt a blow to Johnson & Johnson  in its $5.5 billion lawsuit over the sale of Guidant Corp to Boston Scientific Corp , dismissing some claims and only allowing part of the case to proceed.
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Merck and Co. MRK.N suffered a  double blow on Friday when a court ruled that the patent on its  second-biggest drug will lapse a decade earlier than expected  and U.S. regulators elevated their probe of its withdrawn Vioxx  arthritis drug into a formal investigation.
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* The world&#39;s biggest drug company loses $25 billion in market value in one day as investors fear another Vioxx debacle. NEW YORK - Pfizer Inc.