Category Archives: Corporate

Pfizer Acquires Anacor Pharma for $5.2 Billion

Pfizer Inc. (New York City) is buying Anacor Pharmaceuticals Inc. (Palo Alto CA) in a $5.2 billion deal to add an eczema gel to its portfolio, just a month after… Read more »

Johnson & Johnson Hit with $55 Million Verdict in Talc Powder Trial

Johnson & Johnson (New Brunswick NJ) must pay $55 million to a 62-year-old South Dakota woman who blamed her ovarian cancer on the company’s talcum powder in the second such… Read more »

Pfizer Earnings Exceed Estimates; Company Raises 2016 Forecast

Pfizer Inc. (New York), which last month abandoned its $160 billion quest for Allergan PLC (Dublin IRL), reported quarterly results that blew past analysts’ estimates on sales of its new… Read more »

Pfizer Pays $785 million to Resolve a 14-year-old Lawsuit

Pfizer Inc. (New York City) agreed to pay nearly $785 million to resolve a 14-year-old lawsuit claiming its Wyeth unit overcharged the government by hiding the discounts it was giving… Read more »

AbbVie Agrees to Buy Stemcentrx, Reports Jump in Earnings

U.S. biopharmaceutical firm AbbVie Inc. (North Chicago) on Thursday said it will acquire cancer biotech company Stemcentrx Inc. (South San Francisco) in a roughly $5.8 billion cash and stock deal that would expand… Read more »

Abbott to Acquire St. Jude Medical for $25 Billion

A rash of deals on Thursday showed that healthcare companies are convinced, regardless of tax benefits, that bigger is not only better, it is essential. The more than $40 billion… Read more »

Intuitive Surgical Reported Better-than-Expected First-Quarter Profit on Expanded Use of its Da Vinci Robots

INTUITIVE SURGICAL INC. (Sunnyvale CA) reported better-than-expected first-quarter profit on expanded use of its da Vinci robots in U.S. general surgeries such as hernia repair, and it raised its full-year… Read more »

AstraZeneca Joins with Three Partners to Focus on Genomics

AstraZeneca PLC (London), working with genome pioneer J. Craig Venter, PhD, is launching a massive gene hunt in the most comprehensive bet yet by a pharmaceutical firm on the potential… Read more »

UnitedHealth to Pull Back From Insurance Exchanges, Citing Losses

UnitedHealth Group Inc. (Minnetonka MN), the nation’s largest health insurer, told investors it continued to lose hundreds of millions of dollars selling individual policies under the federal healthcare law. The company… Read more »