Drug deals boost European sector
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Deals worth nearly 15bn euros have boosted share prices as Europe's pharmaceuticals sector consolidates further.
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European tobacco stocks were lifted by bid activity on Thursday which helped equity markets nudge higher as investors awaited interest rate decisions from both the European Central Bank and the Bank of England.
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For the first time in many European countries, nonprescription drugs are being sold over the counter at outlets other than pharmacies.
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BRUSSELS/LONDON  - The European Commission raided some of the world's largest drugmakers on Wednesday, launching a broad investigation into whether they made illegal deals or abused patents to limit competition and harm consumers.
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France's drug industry has started filling in the detail of its strategic plan to boost the standing of the biotechnology sector, first unveiled at the end of last month.
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European equity markets pushed higher on Monday, following the lead of Wall Street futures, as defensive drugs and oil groups supported the main indices.
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Now might be a great time to load up on cutting-edge drug makers.
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In the wake of the expansion of the European Union with 10 additional states, attention has been fixed on the development of the pharmaceutical industry in these and other Eastern European states.
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Europeâs biggest cross-border financial services deal in recent years was given a significant boost over the weekend when Mario Monti, European Union competition chief, in effect confirmed that EU regulators would approve the Â£8.
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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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European tobacco stocks were lifted by bid activity on Thursday which helped equity markets nudge higher, while interest rate decisions by both the Bank of England and the European Central Bank went as expected.
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Europe&#39;s main stock markets jumped higher thanks to takeover talk in the banking, travel and stock exchange sectors, dealers said Wednesday.
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Strong gains for European equities were led by the heavily-weighted financial, energy and drugs sectors after gains on Wall Street overnight followed the Federal Reserve's decision to leave US interest rates on hold.
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The Pfizer painkillers Celebrex and Bextra experienced a jump in sales immediately after rival Merck&#39;s Vioxx was pulled from the market in late September, but the gains appear to be short
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European stocks were higher on Monday, with heavyweight pharmaceutical, oil and technology stocks leading the charge. The big news early on Monday was that pan-European bourse operator Euronext had confirmed
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The regulatory approval was also a boost for the embattled drugs sector. It was feared that, following a series of safety crises, the US Food and Drug Administration would get tougher on new drugs.
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A broad portfolio of drugs helps French pharmaceutical stay ahead of its peers.