Texas-based medical device company Orthofix International NV has admitted wrongdoing and agreed to pay more than $14 million to settle charges that it improperly booked revenue and paid off doctors in Brazil to boost sales, U.S. regulators said.
The Dutch government joined several other EU states in bidding to become the host country of the European Medicines Agency (EMA) once Britain leaves the bloc.
Europe’s leading association of oncologists has thrown its weight behind cheaper copycat versions of biotech cancer drugs that have lost patent protection, saying they are effective and affordable.
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Eli Lilly and Company announced that it is acquiring Cambridge, Mass.-based CoLucid Pharmaceuticals for $46.50 per share, or about $960 million.
New York City and Princeton, NJ-based Ophthotech Corporation has announced that it is cutting about 80 percent of its staff in the first six months of 2017.
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The U.S. Food and Drug Administration approved the first generic version of Xyrem, Jazz Pharmaceuticals Plc’s drug to treat patients with narcolepsy, a kind of sleeping disorder.
About a quarter of U.S. Republicans do not want to see Obamacare repealed, according to a Reuters/Ipsos poll.