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Sanofi files U.S. antitrust lawsuit against Mylan

Sanofi SA sued Mylan NV, accusing the pharmaceutical company of engaging in illegal conduct to squelch competition to its EpiPen allergy treatment.

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Theranos Accused of Running Fake Tests

A lawsuit brought against beleaguered blood-testing company Theranos alleges the company committed fraud by faking its blood-testing demonstrations.

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Becton Dickinson to acquire Bard for $24 billion

U.S. medical equipment supplier Becton Dickinson and Co. will acquire C. R. Bard Inc. in a $24 billion cash-and-stock deal, adding Bard’s devices to its portfolio in the high-growth sectors of oncology and surgery, both companies said.

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GSK must pay $3 million in generic Paxil suicide lawsuit: U.S. jury

GlaxoSmithKline must pay $3 million to a woman who sued the drug company over the death of her husband, a lawyer who committed suicide after taking a generic version of the antidepressant Paxil, a U.S. jury said.

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Up to 4,100 Children Victims of Epilepsy Drug

French health officials said a drug manufactured by Sanofi caused between 2,150 and 4,100 major fetal malformations between the years 1967 and 2016.

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Verily launches study to track health data

Verily is launching a four-year study with about 10,000 participants to understand how people transition from being healthy to becoming sick.

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Allergan, Argentum settle patent dispute over eye drug Restasis

U.S. generic drug company Argentum Pharmaceuticals LLC said it reached an agreement with Allergan Plc that settles a patent dispute over the generic version of Allergan’s eye drug Restasis.

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J&J first-quarter 2017 revenue misses estimates

Johnson & Johnson reported disappointing pharmaceutical and consumer product sales for first-quarter 2017 as revenue missed analyst estimates.

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Theranos Could Have Lab Again in 2019

Theranos reached a settlement with the Centers for Medicare and Medicaid Services, which could make it eligible to operate a clinical lab within two years.

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Abbott, Alere End Merger Legal Battle

Abbott Laboratories and Alere Inc. have come to an accord. Illinois-based Abbott will acquire Alere for an amount less than the initially agreed upon $5.8 billion.

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Bristol-Myers licenses two drugs to Biogen, Roche

Bristol-Myers Squibb Co. said it would license two of its drugs to Biogen Inc. and Roche Holding AG for an upfront fee of $470 million.

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University of California files CRISPR patents appeal

The University of California is appealing a U.S. patent ruling over the game-changing gene editing technology known as CRISPR that favored the Broad Institute, a research affiliate of Harvard University and the Massachusetts Institute of Technology.

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Maryland lawmakers approve bill to fight drug price gouging

Maryland lawmakers have passed a first-in-the-nation measure that lets the state attorney general sue generic drug makers that sharply raise prices in a move aimed at fighting “price gouging.”

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SEC Cracks Down on “Fake Biotech News”

The Securities and Exchange Commission singled out four biotech companies for allegedly promoting “fake news” in an attempt to manipulate share prices.

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UK cost agency turns down Bristol drug

Britain’s healthcare cost-effectiveness watchdog NICE said Bristol-Myers Squibb’s immunotherapy drug Opdivo was not worth using on the state health service for treating head and neck cancer due to its high price.

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Stada Accepts $5.6 Billion Takeover Offer

After weeks of bidding and speculation, German-based Stada Arzneimittel AG accepted a $5.6 billion takeover bid from Bain Capital and Cinven Partners LLP.

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Mallinckrodt resigns membership from PhRMA

Scrutinized and controversial drugmaker Mallinckrodt, a company at the center of a drug pricing scandal, resigned its membership from the Pharmaceutical Research and Manufacturers Association (PhRMA) ahead of changes to membership bylaws, per reports.

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GSK recalling nearly 600,000 asthma inhalers in U.S.

GSK Plc is voluntarily recalling more than 593,000 Ventolin asthma inhalers from U.S. hospitals, pharmacies, retailers and wholesalers due to a defect that may cause them to deliver fewer doses of the medicine than indicated, the British drugmaker said.

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Massive $1.2 Billion Biotech Center in New York Will Create Thousands of New Jobs

A proposed $1.2 billion biotech development is projected to bring up to 12,000 jobs to the greater NYC area.

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Mallinckrodt agrees to U.S. drug probe settlement

Mallinckrodt Plc agreed to pay $35 million to resolve U.S. probes into its monitoring and reporting of suspicious orders of controlled substances.

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