Pharmaceutical manufacturing

Trader Tommy Kalikas works on the floor of the New York Stock Exchange, Monday, Jan. 14, 2019. Stocks are opening lower on Wall Street after China reported a surprise drop in exports to the U.S. last month. (AP Photo/Richard Drew)
January 14, 2019 - 9:59 am
NEW YORK (AP) — Stock markets around the world are down Monday after China reported a drop in exports in December. Fears about the health of China's economy and the global economy overall were a major contributor to the stock market's plunge in late 2018. Newmont Mining fell after agreeing to buy...
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January 14, 2019 - 8:34 am
WASHINGTON (AP) — A leading House Democrat is announcing a sweeping investigation of the pharmaceutical industry's pricing practices. Oversight and Reform Committee Chairman Elijah Cummings said Monday that he's sent letters to 12 major drug manufacturers seeking detailed information and documents...
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Sen. Bernie Sanders, I-Vt., center, joined from left by Sen. Richard Blumenthal, D-Conn., Rep. Peter Welch, D-Vt., Rep. Elijah Cummings, D-Md., and Sen. Cory Booker, D-N.J., speaks to reporters as he prepares to introduce new legislation that aims to reduce what Americans pay for prescription drugs, especially brand-name drugs deemed "excessively priced," during a news conference on Capitol Hill in Washington, Thursday, Jan. 10, 2019. (AP Photo/J. Scott Applewhite)
January 10, 2019 - 11:34 am
WASHINGTON (AP) — Challenging President Donald Trump to make good on his pledge to cut prescription drug prices, congressional liberals proposed legislation Thursday to bring U.S. prices in line with the much lower costs in other countries. The Democratic bills stand little chance of becoming law...
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FILE- In this July 11, 2018, file photo, Bridgett Snelten holds her Trulicity injection at her home in Sandy, Utah. Drugmaker Eli Lilly has started posting price information online for drugs advertised on TV. On Tuesday, Jan. 8, 2019, the company began running TV ads for Trulicity, a popular diabetes drug, that don’t give the price but direct viewers to the website. (AP Photo/Rick Bowmer, File)
January 08, 2019 - 2:27 pm
Drugmaker Eli Lilly has started posting price information online for drugs advertised on TV. On Tuesday, the company began running TV ads for a popular diabetes drug that don't give the price but direct viewers to the website . The site gives Trulicity's monthly list price of $730.20, the average...
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FILE - In this July 10, 2018 file photo, bottles of prescription medicines ride on a conveyor belt at a pharmacy warehouse in Florence, N.J. According to a report released on Tuesday, Jan. 8, 2018, annual spending by the U.S. health industry on ads and promotions has reached $30 billion. That includes advertisements for prescription drugs that were shown 5 million times on TV and elsewhere in 2016. That’s a huge increase in 20 years and just part of broad health industry efforts to promote drugs, devices, lab tests and even new hospitals. (AP Photo/Julio Cortez, File)
January 08, 2019 - 11:29 am
Ads for prescription drugs appeared 5 million times in just one year, capping a recent surge in U.S. medical marketing, a new analysis found. The advertisements for various medicines showed up on TV, newspapers, online sites and elsewhere in 2016. Their numbers soared over 20 years as part of broad...
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FILE - This April 26, 2017, file photo shows the Eli Lilly & Co. corporate headquarters in Indianapolis. Eli Lilly is buying Loxo Oncology for about $8 billion as it continues to broaden its cancer treatment efforts. Loxo Oncology Inc. is a biopharmaceutical company focused on the development and commercialization of highly selective medicines for patients with genomically defined cancers. (AP Photo/Darron Cummings, File)
January 07, 2019 - 4:49 am
Eli Lilly is spending about $8 billion in cash to buy Loxo Oncology, as the drugmaker bulks up on cancer treatments that target certain gene abnormalities. Loxo Oncology could launch a drug next year and targets an abnormality that occurs in several tumor types, including some lung and thyroid...
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FILE - In this June 15, 2005, file photo, a sign stands in front of a Bristol-Myers Squibb building in a Lawrence Township, N.J. Bristol-Myers Squibb is buying Celgene in a cash-and-stock deal valued at about $74 billion. (AP Photo/Mel Evans, File)
January 03, 2019 - 3:00 pm
SUMMIT, N.J. (AP) — Bristol-Myers Squibb is spending $74 billion on fellow drugmaker Celgene in a deal aimed at stocking the combined company's development pipeline with cancer, immunology and cardiovascular treatments. Bristol would gain the cancer treatment Revlimid in the cash-and-stock deal...
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Stock trader Michael Milano works at the New York Stock Exchange, Wednesday, Dec. 19, 2018. (AP Photo/Mark Lennihan)
December 19, 2018 - 12:42 pm
NEW YORK (AP) — Stocks gave up an early rally and took a dive in afternoon trading after the Federal Reserve's raised interest rates again and said it plans to keep raising them next year. The U.S. central bank also said it wouldn't make any changes in allowing its large bond portfolio to shrink...
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FILE - This April 20, 2009 file photo, shows the British pharmaceuticals firm GlaxoSmithKline in London. Drugmakers GlaxoSmithKline and Pfizer are merging their healthcare divisions, creating a business with combined sales of 9.8 billion pounds ($12.7 billion). British-based Glaxo will own 68 percent of the joint venture, while U.S.-based Pfizer will own the remaining 32 percent stake. (AP Photo/Sang Tan, File)
December 19, 2018 - 10:18 am
Drugmakers GlaxoSmithKline and Pfizer plan to merge their consumer health businesses into what will be the world leader in sales of nonprescription medicines such as pain relievers, vitamins and cold remedies. The new joint venture would have with combined annual sales of $12.7 billion (9.8 billion...
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December 12, 2018 - 9:22 am
ST. PAUL, Minn. (AP) — Minnesota lawmakers are considering steps they could take to rein in the soaring cost of insulin, which one couple says has become so expensive that their diabetic son could no longer afford it and died. State Sen. Matt Little convened an informal discussion at the state...
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