Other

AstraZeneca profits and revenues fall

British drugmaker AstraZeneca reported Thursday that third-quarter net profit fell 17.5 percent to 1.25 billion pounds ($200 billion) as the patents on older drugs expired.

Health

House OKs 40th effort to repeal health law (Update)

Republicans have pushed legislation through the House preventing the Internal Revenue Service from implementing any part of President Barack Obama's health care overhaul. It's the 40th time the chamber has voted to repeal ...

Medications

Lundbeck profit jumps but warns on generic pressure

Danish pharmaceutical company Lundbeck Wednesday posted a higher than expected quarterly net profit, helped by the expansion of an alliance with Japan's Otsuka and the divestment of a US portfolio of non-core products.

Medications

AstraZeneca to cut 2,300 jobs in business overhaul

(AP)—Struggling drug company AstraZeneca outlined a major restructuring of its business on Thursday, including some 2,300 job cuts worldwide as it overhauls its research operations.

Health

Setting the record straight on Medicare's overhead costs

The traditional Medicare program allocates only 1 percent of total spending to overhead compared with 6 percent when the privatized portion of Medicare, known as Medicare Advantage, is included, according to a study in the ...

Other

AstaZeneca in patent warning as net profit falls

(AP)—Anglo-Swedish pharmaceutical company AstraZeneca PLC warned over expiring patents on its medicines as the company announced a 37 percent fall in full-year net profit on Thursday.

Other

Eli Lilly 2013 profit forecast tops expectations

(AP)—Eli Lilly and Co. said Friday its 2013 earnings will grow more than Wall Street expects, even though the drugmaker will lose U.S. patent protection for two more key products this year.

Health

Durbin: White House won't increase Medicare age

(AP)—One of President Barack Obama's Senate allies said Thursday that an increase in the Medicare eligibility age is "no longer one of the items being considered by the White House" in negotiations with top Republicans ...

Health

135 states agree anti-tobacco trafficking deal: WHO

Negotiators from 135 nations sealed Wednesday a global deal to stem the illegal tobacco trade that could net governments $50 billion more annually in tax revenues, the World Health Organisation said.

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