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ICU Medical said to explore sale that may fetch $1 billion
By Bloomberg.com | May 09, 2013
ICU Medical, the San Clemente, Calif.-based producer of intravenous medical equipment, is weighing a sale that may fetch more than $1 billion, said people familiar with the matter. The shares rose to their highest closing price since first being sold to the public 21 years ago.
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Long wait for device identifier gets longer
By Jaimy Lee | May 07, 2013 | Basic Web Basic Web Subscription Details
It's likely to be another seven weeks before the Food and Drug Administration finalizes long-awaited regulations that will require manufacturers to mark medical devices with unique identifiers that are expected to help track products during recalls, save money and improve patient safety.
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CVS cancels pharma-funded Rx reminders citing new HIPAA rule
By Joseph Conn | May 06, 2013 | Basic Web Basic Web Subscription Details
The CVS drugstore chain is getting out of the business of using its data from patient prescription drug records to mail prescription refill notices to customers on behalf of pharmaceutical manufacturers, citing as a reason for the policy change a more stringent provision of the omnibus privacy rule...
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Europe's regulator digs in for drug data fight
By Reuters via Yahoo | April 30, 2013
The head of Europe's medicines regulator is digging in for a fight over data transparency after being stopped from releasing information on drugs from two U.S. companies by a court ruling.
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Publication bias, not conflicts, may be bigger concern in cancer trial reports
By Andis Robeznieks | April 29, 2013 | Basic Web Basic Web Subscription Details
A study of conflicts of interest in leading cancer journals showed financial connections between authors and companies sponsoring phase 3 clinical trials had little impact on interpretation of the results.
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Bayer to pay $1.1B for California firm Conceptus
By Associated Press | April 29, 2013
German drug company Bayer says it has agreed to buy California-based Conceptus for around $1.1 billion to expand the kinds of birth control it offers.
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UCLA to test drugs for autism in weeks not years
By Associated Press | April 27, 2013
In an effort to find a treatment for autism, scientists at the University of California, Los Angeles, are leading a $9 million experiment that aims to evaluate the effectiveness of drugs within weeks rather than years.
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Feds hit Novartis with two lawsuits in a week
By Joe Carlson | April 26, 2013 | Basic Web Basic Web Subscription Details
Novartis, the Swiss drugmaker already under a strict corporate-integrity agreement because of a past settlement, was targeted by two lawsuits last week by the U.S. attorney's office for New York City alleging widespread payments of illegal kickbacks.
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Lawmakers seek new rules for compounders
By Jaimy Lee | April 26, 2013 | Basic Web Basic Web Subscription Details
A new draft bill would establish different regulations for traditional compounding pharmacies and what the legislation is calling “compounding manufacturers,” the large-scale compounders that mix and ship sterile drugs across state lines.
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CareFusion plans to pay $41M settlement
By Joe Carlson | April 26, 2013 | Basic Web Basic Web Subscription Details
CareFusion Corp., the publicly traded devicemaker spun off from Cardinal Health, announced that it will enter into an agreement with federal investigators to pay $41 million and avoid criminal prosecution for its past sales and marketing of antiseptic surgical wipes.
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