Eli Lilly & Co. , already facing competition next year for its top-selling drug, lost a court bid over patent protection on its cancer medicine Gemzar , which could lead to generic products as early as November.
Les Funtleyder, president of Poliwogg's Investment Advisory division, Bloomberg senior economist Joe Brusuelas, and Ben Willis, managing director at Albert Fried & Co. LLC., discuss the economic impact of President Obama's Affordable Care Act. Funtleyder, Brusuelas and Willis talk with Bloomberg's Courtney Donohoe on Bloomberg Radio's "Taking Stock."
Pfizer Inc. agreed to pay about $330 million to resolve claims that its Prempro menopause drug caused breast cancer, in the first large-scale settlements in eight years of litigation, two people familiar with the accords said.
Drugmakers led by Pfizer Inc. , AstraZeneca and Bristol-Myers Squibb Co. may provide more than $2 billion in drug discounts to senior citizens next year under a deal pharmaceutical companies made with the White House, according to data compiled by Bloomberg.
Johnson & Johnson , the health- products company under U.S. congressional investigation for a recall of children’s medicines, said it will reorganize the plant where the withdrawn drugs were made and cut 300 positions.
Berkshire Hathaway Inc. has been buying about 1 million shares a month of dialysis-center operator DaVita HealthCare Partners Inc., making the holding among the dozen largest at Warren Buffett’s company.