UK Government Says Drugmakers Will Cut Prices By 7%
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The UK government said drugmakers agreed to reduce by 7 percent the price they charge for branded prescription medicines. The reductions, negotiated with the Association of the British
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The Office of Fair Trading says that the NHS is paying hundreds of millions of pounds too much for branded drugs.
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Thailand is still talking to three major drug firms about cutting the price of certain cancer drugs but might make the medicines itself if it does not receive adequate discounts, a top health official said on Tuesday.
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The Nigerian government agreed to cut  gasoline pump prices by 8 percent on Monday and called on  unions to call off an indefinite general strike over fuel due  to start on Tuesday, a top lawmaker said.
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Plans to allow 24-hour drinking will raise the cost to the NHS of alcohol-fuelled harm, a top medical group says.
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Stocks of a powerful painkiller used to treat thousands of NHS patients may run out in the next few weeks, government has warned.
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By Christopher Bowe and Andrew Jack in Whitehouse Station, New Jersey. Merck has quickened the pace of its restructuring with plans to cut a further 700 jobs, targeting about $3bn in savings by the end of 2008
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Switzerland's Novartis AG will slash 2.5 percent of its global workforce, aiming for annual savings of $1.6 billion in 2010, becoming the latest major drugmaker to undertake a deep restructuring.
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Northern Ireland drug company Warner Chilcott says it has received a takeover approach at a price of 837p per share. This would value the company at more than Â£1.
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Cocaine's street price is falling because it is being cut with a carcinogenic painkiller, say police.
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Switzerland's Novartis AG will slash 2.5 percent of its global workforce, aiming for annual savings of $1.6 billion in 2010 and becoming the latest major drugmaker to undertake a severe restructuring.
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GlaxoSmithKline warns it will cut jobs and close some factories as part of a cost-cutting plan.
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EU approval opens new markets for the cancer drug that could edge out the competition by lowering overall medical costs.
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OTTAWA -- A federal pharmacare program would save the Ontario government $3.7 billion annually, freeing up money the province spends on drugs so it can invest in a plan to shorten hospital waiting times, Premier Dalton McGuinty said yesterday.
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Brazil's health ministry said Wednesday that Abbott Laboratories Inc. agreed to cut the price of its Kaletra AIDS drug by 29.5 percent.
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The government's plans in terms of healthcare policy and medicines, use of EU funds for health care from 2007, the new drug reimbursement list and many other issues were discussed at the First Economist ...
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Japan will order drug prices to be cut by an average 5.2 percent in its latest review, a government source said on Tuesday, along with more steps to promote generic medicines in a double blow for makers of branded drugs.