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Drug developer sets Michigan record by raising $62 million

By Tom Henderson, Crain's Detroit Business  |  January 05, 2016

Ann Arbor, Mich.-based Millendo Therapeutics announced Tuesday morning it has raised a venture capital round of $62 million, the largest VC round for a drug development company in Michigan history.

New tax inversion rules put damper on pending Pfizer-Allergan deal

By Beth Kutscher  |  November 20, 2015

An expected deal between pharmaceutical giants Pfizer and Allergan that's expected to be worth up to $380 a share could become less lucrative under new U.S. Treasury rules designed to diminish the benefits of cross-border transactions.

Providers and insurers must help ACOs reach their goals

By Modern Healthcare  |  October 17, 2015

Providers and insurers need to do a better job of reaching patients and employers to help private accountable care organizations achieve lower costs and higher quality, according to physician executives at four large health insurance companies.

Data show Genentech paid the most to providers

By Art Golab and Michael Sandler  |  July 04, 2015

Genentech, the maker of Avastin and other pricey cancer drugs, paid physicians and teaching hospitals more than any other drug or device company did in 2014, according to data published last week on the CMS' Open Payments website.

Medicare Part D data show big spending on brand names

By Bob Herman  |  May 02, 2015

Medicare shelled out more than $103 billion on prescription drugs in 2013, raising questions about why the government pays so much for brand-name pharmaceuticals and how physicians prescribe drugs for their patients.

Panel recommends labeling change for AstraZeneca's diabetes drug Onglyza

By Steven Ross Johnson  |  April 14, 2015

An advisory panel to the U.S. Food and Drug Administration voted Tuesday to recommend the agency require drugmaker AstraZeneca to change the labeling of its diabetes medication Onglyza to add safety information to reflect a heightened risk for heart failure associated with its use.

Pfizer's 2Q profit sinks 79% but tops forecasts

By Associated Press  |  July 29, 2014

Pfizer's second-quarter earnings plunged 79% from last year, when the world's second-largest drugmaker booked a $10 billion-plus gain from a business spinoff.

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