International Business News - GSK http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Two large pharmaceutical companies said Thursday they will appeal a jury verdict ordering them to pay more than $114 million for overcharging the state's Medicaid program for prescription drugs. http://www.ibtimes.com/articles/20080703/glaxosmithkline-to-appeal-81m-verdict-in-ala.htm Thu, 03 Jul 2008 18:26:03 EDT Proposals for tougher heart-risk studies on new Type 2 diabetes drugs weighed heavy on shares of Amylin Pharmaceuticals Inc. and Novo Nordisk AS Thursday, since stricter regulations could mean longer, more costly clinical trials. http://www.ibtimes.com/articles/20080703/sector-snap-diabetes-drug-developers.htm Thu, 03 Jul 2008 11:34:53 EDT Adolor Corp. said Thursday the Food and Drug Administration has lifted its clinical hold on the company's Entereg drug in chronically constipated patients taking opioid pain drugs. http://www.ibtimes.com/articles/20080703/fda-lifts-clinical-hold-on-adolor-bowel-drug.htm Thu, 03 Jul 2008 08:33:09 EDT Diabetes drugs should face tougher safety standards that could cost manufacturers millions but protect patients from unforeseen heart risks, a government panel has recommended. http://www.ibtimes.com/articles/20080702/fda-panel-urges-more-testing-for-diabetes-drugs.htm Wed, 02 Jul 2008 17:29:02 EDT British Prime Minister Gordon Brown is appointing three top executives as new advisers on his national business council. He says Andrew Witty, chief executive of drug developer GlaxoSmithKline PLC, BT Group PLC chief executive Ian Livingston and Paul Walsh, chief executive of drinks producer Diageo PLC, will join the panel. http://www.ibtimes.com/articles/20080702/brown-appoints-new-business-advisers.htm Wed, 02 Jul 2008 12:35:45 EDT A state court jury on Tuesday found two major pharmaceutical companies defrauded Alabama in a long-running Medicaid drug pricing scheme and ordered the firms to pay more than $114 million in damages. http://www.ibtimes.com/articles/20080701/jury-2-drug-firms-owe-ala-114m-in-price-fraud.htm Tue, 01 Jul 2008 19:51:27 EDT Government regulators are reconsidering how they approve diabetes drugs. They were criticized last year for their handling of heart risks connected with a widely used GlaxoSmithKline pill. http://www.ibtimes.com/articles/20080701/ahead-of-the-bell-fda-reconsiders-diabetes-drugs.htm Tue, 01 Jul 2008 06:17:02 EDT GlaxoSmithKline PLC said Monday it responded to questions raised by the Food and Drug Administration over the cervical cancer vaccine Cervarix and will provide the agency with more complete late-stage study data in 2009. http://www.ibtimes.com/articles/20080630/glaxosmithkline-responds-to-fdas-cervarix-query.htm Mon, 30 Jun 2008 11:56:05 EDT The Organization for International Investment, which represents U.S. subsidiaries of foreign companies, spent $320,000 in the first quarter lobbying the federal government, according to a recent disclosure report. http://www.ibtimes.com/articles/20080627/intl-business-group-spent-320k-lobbying-in-1q.htm Fri, 27 Jun 2008 16:12:49 EDT Biopharmaceutical company Exelixis on Friday said a six-year development agreement with GlaxoSmithKline PLC will expire as scheduled at the end of October. http://www.ibtimes.com/articles/20080627/exelixis-glaxo-collaboration-to-end-in-october.htm Fri, 27 Jun 2008 07:32:06 EDT Amgen's experimental osteoporosis drug denosumab could have difficulty gaining Food and Drug Administration approval in its initial try, due to a higher incidence of infections compared with placebo seen in some patients, according to an osteoporosis doctor who conducted clinical trials for Amgen. http://www.ibtimes.com/articles/20080626/amgen-osteoporosis-drug-could-face-fda-scrutiny.htm Thu, 26 Jun 2008 16:59:30 EDT Vermont musician Diana Levine won a $6.8 million judgment against drugmaker Wyeth after having part of her right arm amputated in 2000 when an anti-nausea drug was improperly injected. http://www.ibtimes.com/articles/20080626/supreme-court-cases-could-limit-liability-lawsuits.htm Thu, 26 Jun 2008 15:03:48 EDT Pharmaceutical stocks may have ended Wednesday's trading session mostly in the green, but stocks are still down substantially year to date, and a JPMorgan analyst cautioned that big pharma is no longer a strong defensive choice in a weak economy. http://www.ibtimes.com/articles/20080625/sector-wrap-big-pharma.htm Wed, 25 Jun 2008 16:47:05 EDT Millions of children and teenagers in poor countries may soon be vaccinated against seven common diseases, health officials said Wednesday. Officials at GAVI, formerly known as the Global Alliance for Vaccines and Immunization, announced they have prioritized vaccines for cervical cancer, cholera, typhoid, meningitis A, rabies, Japanese encephalitis and rubella. The vaccines will go to the world's 73 poorest countries. http://www.ibtimes.com/articles/20080625/groups-to-buy-millions-of-vaccines-for-children.htm Wed, 25 Jun 2008 15:23:57 EDT Shares of Merck & Co. fell Wednesday after the Food and Drug Administration declined to expand use of the cervical cancer vaccine Gardasil to women between 27 and 45 years old. http://www.ibtimes.com/articles/20080625/merck-slips-as-fda-rejects-wider-gardasil-use.htm Wed, 25 Jun 2008 14:04:59 EDT The drugmaker Merck & Co. said Wednesday that the Food and Drug Administration has rejected expanding the use of cervical cancer vaccine Gardasil to include women ages 27 to 45. http://www.ibtimes.com/articles/20080625/fda-blocks-expanded-indication-for-mercks-gardasil.htm Wed, 25 Jun 2008 14:01:56 EDT GlaxoSmithKline says it will boost advertising of its smoking cessation products in the wake of safety concerns surrounding competitor Pfizer Inc.'s stop-smoking pill Chantix. http://www.ibtimes.com/articles/20080625/glaxosmithkline-plans-ads-for-anti-smoking-aids.htm Wed, 25 Jun 2008 08:15:51 EDT GlaxoSmithKline PLC said Wednesday it won Food and Drug Administration approval for a combination booster vaccine, Kinrix, which protects children ages 4 to 6 against diphtheria, tetanus, pertussis and polio with a single shot. http://www.ibtimes.com/articles/20080625/fda-oks-glaxosmithkline-kids-combination-vaccine.htm Wed, 25 Jun 2008 09:38:17 EDT A drug used in combination with other antiretrovirals to treat HIV infection has been linked with an increased risk of heart attack, the medication's manufacturer warned Monday. http://www.ibtimes.com/articles/20080623/glaxosmithkline-canada-issue-warning-on-hiv-drug.htm Mon, 23 Jun 2008 14:10:20 EDT Drug developer Ligand Pharmaceuticals Inc. said after the bell Friday the Food and Drug Administration will take an additional three months to review its experimental blood-clotting drug Promacta. http://www.ibtimes.com/articles/20080620/ligand-says-fda-extends-blood-clot-drug-review.htm Fri, 20 Jun 2008 16:31:25 EDT