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Bristol-Myers pleads guilty on two counts in Plavix antitrust probe, to pay $1 million fine
NEW YORK AP - Drug maker Bristol-Myers Squibb Co. said Monday it pleaded guilty to two counts of making false statements to the Federal Trade Commission regarding the company's botched settlement with Canadian drug maker Apotex Inc. over the blood thinner Plavix.As a result, Bristol-Myers will pay a fine of $1 million, resolving a Justice Department probe.Bristol-Myers sees big jumps in Q1 sales, profit
Drugmaker Bristol-Myers Squibb Co. on Thursday reported double-digit jumps in first-quarter sales and net income, beating Wall Street expectations, but it lowered its 2010 profit forecast by a nickel due to the impact of the health care overhaul.Icahn Blasts ImClone Management
In the wake of a judge's ruling that stripped ImClone Systems of key exclusive patent rights, the biotech's biggest rival wasted little time taking advantage of the situation. After the market closed Tuesday, biotech giant Amgen Inc. said it had licensed the same technology to which ImClone lost its exclusive rights. Meanwhile, in what could lead to a full-blown power struggle, newly elected ImClone director Carl Icahn blasted management for the patent loss and for ImClone's "sorry record" in general.
Vitamin Fight Could Energize Foreign Suits
Vitamin sellers and foreign buyers are playing for multibillion-dollar stakes in a Supreme Court case to be argued April 26. Thomas Goldstein, who will represent the buyers, says the case could answer key questions about the international application of U.S. antitrust law.Supreme Court lets stand Georgia death sentences, declines patent case
THE U.S. SUPREME COURT on Monday let stand a death sentence for a Georgia death row inmate who was convicted of killing his wife and two stepdaughters.John W. Hightower, who is black, has claimed that prosecutors improperly struck blacks from the jury. Two years ago, the court sent Hightower's case back to the Atlanta-based 11th U.Bristol-Myers Squibb asked by FTC to produce documents related to failed Plavix settlement
NEW YORK AP Drug maker Bristol-Myers Squibb Co. said Tuesday it was cooperating with a Federal Trade Commission request to turn over documents related to last year's failed Plavix patent settlement.The company said in a filing with the Securities and Exchange Commission that the FTC requested the documents on March 21 through a civil investigative demand.
Bayer AG Comes Under Investigation In China
The pharmaceutical giant Bayer AG said it is cooperating with Chinese authorities in the investigation of a potential case of unfair competition.Applications for jobless benefits rise to 462K
WASHINGTON AP - More people applied for unemployment benefits last week, the first rise in three weeks and evidence that companies are reluctant to hire in a slow economy.Initial claims for unemployment aid rose by 13,000 to a seasonally adjusted 462,000, the Labor Department said Thursday. It was only the second rise in two months.Daily Decision Service Alert: Vol. 21, No. 85 - May 1, 2012
Daily decision alert.EU Competition Chief Draws Praise
Neelie Kroes, now the transport minister for the Netherlands, was appointed Thursday by president designate Jose Manuel Durao Barroso to be the incoming European Union competition commissioner -- seen as among the most powerful slots on the commission. Observers say Kroes' mix of political know-how and corporate expertise will help her walk the legal and political tightrope that her new position demands.TRENDING STORIES
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