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Two pharmaceutical companies that are among the biggest payers of fees to doctors reduced such spending last year by double-digit percentages, as greater transparency sheds light on the hundreds of millions of dollars the industry pays physicians for marketing and research efforts.Reduced spending on dinners and other events where drug makers pay expert doctors to give presentations to peers about certain drugs and diseases became a big source of the declines for Pfizer Inc. (PFE) and GlaxoSmithKline PLC (GSK). Also, layoffs of pharmaceutical-sales representatives and patent expirations for big-selling drugs have resulted in fewer sales calls on doctors, and thus fewer free lunches provided to physicians' offices.The declines, though, weren't universal. Some drug makers increased payments, while others implemented new payment-reporting systems that made year-over-year comparisons difficult. But recently released numbers suggest some companies have used the more detailed data they have ...
Teva Pharmaceutical Industries Ltd.'s (TEVA) fourth-quarter profit declined 34%, as higher acquisition-related costs more than offset a revenue increase fueled by la...
Teva Pharmaceutical Industries Ltd.'s (TEVA) Cephalon unit has recalled one batch of its Treanda cancer drug after the discovery of glass fragments in a single vial....
Medical device and pharmaceutical companies are gearing up for a big change in the way they deal with their most important middlemen: doctors. Beginning in 2013, the...
FOX Business: The Power to ProsperThe markets ended a volatile trading session slightly lower as traders weighed the market impact of the death of terror mastermind ...
FBN's Robert Gray breaks down mid-morning market news.
FBN's Connell McShane breaks down the stories moving the markets around the world.
Topping a bid by rival Valeant (NYSE:VRX), Teva Pharmaceutical (NASDAQ:TEVA) has inked a deal to acquire Cephalon (NASDAQ:CEPH) for $6.8 billion in an effort to buil...
NEW YORK (Reuters) - Teva Pharmaceutical Industries Ltd <TEVA.TA> <TEVA.O> plans to acquire specialty drugmaker Cephalon <CEPH.O> for $81.50 a share, topping an unso...
Citizens Against Government Waste's Tom Schatz argues the government is wasting money on research such as this rather on necessary defense spending.
By Katie ReidZURICH (Reuters) - Synthes <SYST.VX> said on Monday it was in takeover talks with Johnson & Johnson <JNJ.N>, after reports the U.S. group is looking to ...
Endo Pharmaceuticals Holding Inc moved to reduce its dependence on its branded products that face generic threats by buying urological devices maker American Medical...
By Shravya JainBANGALORE (Reuters) - Endo Pharmaceuticals Holding Inc <ENDP.O> moved to reduce its dependence on its branded products that face generic threats by bu...
The U.S. Supreme Court will hear arguments on Monday over whether big drug companies can settle patent litigation with generic rivals by making deals to keep cheaper...
Teva Pharmaceutical Industries Ltd.'s (TEVA) new leader vowed to reshape the drug maker, including a reduction in annual costs of up to $2 billion over the next five...
Valeant Pharmaceuticals International Inc agreed on Monday to buy Medicis Pharmaceutical Corp for $2.6 billion in cash, in a deal that will add Botox competitor Dysp...
Richard Soultanian of NUS Consulting argues the current spike in gas prices will not last.
Teva Pharmaceutical Industries Ltd. (TEVA) said Wednesday its first-quarter profit rose 13%, as sales growth for branded and generic drugs in the U.S. and emerging m...
DOW JONES NEWSWIRESMylan Inc. (MYL) said it is seeking to overturn a decision by the U.S. Food and Drug Administration that awarded Teva Pharmaceutical Industries Lt...
DOW JONES NEWSWIRESMolecular-diagnostic company Myriad Genetics Inc. (MYGN) said Wednesday it agreed to conduct BRCA1 and BRCA2 mutation testing for Cephalon Inc., a...