International Business News - health 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 Canadian energy officials Friday scrapped development of a nuclear reactor project to produce radioactive isotopes for the diagnoses of cancer and other illnesses, citing costs of the program. http://www.ibtimes.com/articles/20080516/canada-scraps-development-of-medical-isotope-reactors.htm Fri, 16 May 2008 18:18:39 EDT A unit of Biovail has agreed to pay nearly $25 million to settle federal criminal charges that it illegally paid doctors so that they would prescribe a blood pressure drug. http://www.ibtimes.com/articles/20080516/drug-maker-settles-federal-probe-for-24-6m.htm Fri, 16 May 2008 17:27:24 EDT A group of shareholders has sued CryoCor Inc. and Boston Scientific Inc., seeking to block the medical device makers' $17.2 million deal. The shareholders filed a complaint in California Superior Court, San Diego County, alleging the two companies breached their responsibilities to shareholders in making a deal for Boston Scientific to buy CryoCor for $17.2 million in cash. http://www.ibtimes.com/articles/20080516/shareholders-sue-to-block-17-million-cryocor-deal.htm Fri, 16 May 2008 16:30:29 EDT Health care equipment and supply stocks close mixed Friday. The broader market dipped slightly as oil prices hit a new record of more than $127 a barrel. http://www.ibtimes.com/articles/20080516/closing-glance-health-care-equipment-and-supplies.htm Fri, 16 May 2008 16:09:58 EDT Analysts said Celgene Corp. and Genentech Inc. are their top picks heading into the 44th annual American Society of Clinical Oncology meeting, or ASCO, taking place May 30 to June 3 in Chicago. http://www.ibtimes.com/articles/20080516/sector-wrap-celgene-genentech-in-asco-spotlight.htm Fri, 16 May 2008 16:04:04 EDT Prestige Brands Holdings Inc. shares continued to rally Friday, a day after the distributor of drugs and personal care products said higher prices helped drive double-digit growth in earnings. http://www.ibtimes.com/articles/20080516/a-second-look-prestige-brands-rally-continues.htm Fri, 16 May 2008 17:12:09 EDT Pharmacy benefit managers that have a strong footprint in specialty pharmaceuticals stand to benefit as drug spending in the area is expected to grow three times as much as other pharmaceuticals, according to a Goldman Sachs analyst. http://www.ibtimes.com/articles/20080516/specialty-drugs-will-benefit-pbms-goldman-analyst.htm Fri, 16 May 2008 15:14:07 EDT Dusa Pharmaceuticals Inc., which makes dermatology products, said Friday it has filed a shelf registration statement with the Securities and Exchange Commission to offer up to $75 million of securities. http://www.ibtimes.com/articles/20080516/dusa-pharmaceuticals-files-shelf-registration.htm Fri, 16 May 2008 14:36:22 EDT Among the stock activity stories for Friday, May 16, from AP Financial News: NEW YORK (AP) _ Shares of Melco PBL Entertainment Inc. fell Friday as investors largely discounted the benefits of the company's agreement with A-Max Holdings, according to an analyst. http://www.ibtimes.com/articles/20080516/movers-roundup-melco-pharmasset.htm Fri, 16 May 2008 14:32:46 EDT Specialty pharmaceutical comnpany Biovail Corp. Friday said it reached a settlement with the Justice Department in regard to a criminal investigation regarding the launch of the blood pressure medication Cardizem LA. http://www.ibtimes.com/articles/20080516/biovail-settles-justice-department-probe-for-24-6m.htm Fri, 16 May 2008 14:31:51 EDT The chief financial officer of medical device maker and diversified health care company Covidien Ltd. exercised options for 20,905 shares of common stock, according to a Securities and Exchange Commission filing Thursday. http://www.ibtimes.com/articles/20080516/covidien-cfo-exercises-options-for-20-905-shares.htm Fri, 16 May 2008 13:45:39 EDT The president and chief executive of medical device maker and diversified health care company Covidien Ltd. exercised options for 306,197 shares of common stock, according to a Securities and Exchange Commission filing Thursday. http://www.ibtimes.com/articles/20080516/covidien-ceo-meelia-exercises-options-for-shares.htm Fri, 16 May 2008 13:44:50 EDT Shares of clinical-stage pharmaceutical company Pharmasset Inc. rose Friday after analysts expressed optimism about the company's hepatitis Cdrug candidate in partnership with Roche AG. http://www.ibtimes.com/articles/20080516/pharmasset-shares-up-analysts-upbeat-on-hepatitis-candidate.htm Fri, 16 May 2008 17:15:56 EDT The chairman and chief executive of biopharmaceutical company Gilead Sciences Inc. exercised options for 70,000 shares of common stock, according to a Securities and Exchange Commission filing Thursday. http://www.ibtimes.com/articles/20080516/gilead-sciences-ceo-exercises-options.htm Fri, 16 May 2008 13:23:27 EDT Health regulators warned again Friday that Roche and Novartis drugs prescribed to organ transplant patients can cause miscarriages and birth defects when used by pregnant women. http://www.ibtimes.com/articles/20080516/fda-stresses-birth-defect-risks-with-roche-drug.htm Fri, 16 May 2008 16:56:32 EDT Biotech drugmaker Cephalon spent more than $512,000 lobbying the federal government in the first quarter, according to a government disclosure form. Cephalon lobbied in favor of more funding for the Food and Drug Administration, which reviews the safety of all new medicines in the U.S. http://www.ibtimes.com/articles/20080516/cephalon-spent-512-000-on-lobbying-in-first-quarter.htm Fri, 16 May 2008 12:41:55 EDT Alkermes Inc. shares rose Friday after an analyst predicted stronger sales of its schizophrenia drug Risperdal Consta and good clinical data for a diabetes drug candidate. http://www.ibtimes.com/articles/20080516/alkermes-rises-as-analyst-names-it-a-top-pick.htm Fri, 16 May 2008 17:19:37 EDT Schering-Plough Corp.'s chief executive told shareholders Friday the company remains on track five years into his rebuilding program, with a wider range of products and more drugs in late-stage development. http://www.ibtimes.com/articles/20080516/schering-plough-ceo-says-rebuilding-plan-on-track.htm Fri, 16 May 2008 17:01:12 EDT Shares of cosmetic surgery products maker Mentor Corp. rose Friday, even after the company gave fiscal year 2009 profit estimates that fell short of Wall Street expectations. http://www.ibtimes.com/articles/20080516/mentor-shares-down-on-fiscal-year-2009-estimates.htm Fri, 16 May 2008 17:24:15 EDT Eli Lilly & Co. said giving advanced lung cancer patients its Alimta drug after chemotherapy increased patients' survival without tumor recurrence or progression. http://www.ibtimes.com/articles/20080516/eli-lilly-says-alimta-helps-lung-cancer-patients.htm Fri, 16 May 2008 12:50:32 EDT