(MADISON, N.J.)Wyeth said Wednesday its second-quarter profit fell 6.3 percent on charges for severance and other costs related to ongoing job cuts, but the drug developer still topped Wall Stree...READ MORE
(DENVER)Israeli generic drug maker Teva Pharmaceutical Industries Ltd. on Tuesday completed a $360 million acquisition of Bentley Pharmaceuticals Inc., which will expand its operations in ...READ MORE
(WASHINGTON)Investment bank Wachovia downgraded four of the largest generic drug companies Monday, indicating it expects them to perform about as well as the overall market.READ MORE
Oil prices tumble in biggest weekly drop ever NEW YORK (AP)--The price of oil recorded its biggest weekly drop ever, and a gallon of gas finally pulled back from its record high. S...READ MORE
(NEW YORK)Wall Street closed out an impressive week with a mixed performance Friday after disappointing high-tech earnings punctured some of investors' enthusiasm over better-than-expected b...READ MORE
(TRENTON, N.J.)Teva Pharmaceutical said Friday it will buy rival generic drugmaker Barr Pharmaceuticals for nearly $7.5 billion in a move that will boost Teva's dominance as the world's biggest g...READ MORE
(NEW YORK)Standard & Poor's Ratings Services reaffirmed its negative outlook for Barr Pharmaceuticals Inc.'s corporate credit rating, citing the proposed sale of the drug developer to rival ...READ MORE