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Stryker sees 77% drop in first-quarter earnings
By Rachel Landen | April 23, 2014 | Basic Web Basic Web Subscription Details
Medical-device maker Stryker Corp. reported a precipitous drop in earnings for the first quarter of 2014 as hefty charges from product recalls reversed revenue gains from strong sales.
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News
FDA commissioner defends fast-track approval programs
By Virgil Dickson | April 23, 2014 | Basic Web Basic Web Subscription Details
A day after the Food and Drug Administration proposed a new accelerated approval pathway for some medical devices, Commissioner Margaret Hamburg rejected suggestions that the agency's efforts to get products to market faster put consumers in danger.
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Information
FDA plan would speed up medical device approvals
By Associated Press | April 22, 2014
The Food and Drug Administration unveiled a proposal Tuesday designed to speed up development and approval of medical devices that treat life-threatening diseases and debilitating conditions.
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News
Government should back money-saving medical devices, drug development: study
By Steven Ross Johnson | April 22, 2014 | Basic Web Basic Web Subscription Details
Government should promote the development of new medical devices and medications that provide more value and so help reduce overall healthcare costs, according to a new study funded by the RAND Corp.
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Information
Novartis, GSK, Lilly in multibillion-dollar deals
By Associated Press | April 22, 2014
Swiss pharmaceutical giant Novartis announced a series of multibillion-dollar deals Tuesday with other major pharmaceutical companies that it said would reduce sales but boost profitability, while affecting some 15,000 of its employees globally.
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Botox maker Allergan draws bid from Valeant
By Associated Press | April 22, 2014
Valeant Pharmaceuticals is teaming up with activist investor Bill Ackman in a bid for Botox maker Allergan that could be worth about $40 billion.
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News
Loss of profit not 'irreparable harm' to Teva: Supreme Court
By Joe Carlson | April 21, 2014 | Basic Web Basic Web Subscription Details
Teva Pharmaceuticals is likely to lose millions of dollars in revenue when a court removes the patent next month on its popular multiple sclerosis drug Copaxone.
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Information
Baxter settles class-action suit for $64 million, denies wrongdoing
By Andrew L. Wang, Crain's Chicago Business | April 21, 2014
Baxter International agreed to pay $64 million to settle a class-action lawsuit that alleged the Deerfield, Ill.-based company and some of its competitors colluded to raise prices of plasma-based therapies.
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Magazine
Health spending up after years of 'self-rationing': report
By Andis Robeznieks | April 19, 2014 | Print Magazine Print Magazine Subscription Details
Patients are returning to the healthcare system after several years of “self-rationing,” as reflected in a 3.2% increase in 2013 prescription-drug expenditures to $329.2 billion, according to a new report from the IMS Institute for Healthcare Informatics.
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Information
Cancer doctors plan to compare value of expensive drugs
By Bloomberg | April 17, 2014
The world's largest organization of cancer doctors plans to rate the cost effectiveness of expensive oncology drugs, and will urge physicians to use the ratings to discuss the costs with their patients.
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