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PHARMACEUTICAL INDUSTRY NEWS

Yahoo! News: Business - Pharmaceutical
Business - Pharmaceutical

Prescription-drug heists on the rise (AP)
AP - The $75 million heist at a pharmaceutical warehouse in Connecticut this week was just the most audacious example of a growing phenomenon: Thieves are stealing large quantities of prescription drugs for resale on the black market.
Teva and Merck agree on generic Temodar launch (AP)
AP - Teva Pharmaceutical Industries Ltd. said Wednesday it agreed to hold off on launching a generic version of Merck & Co.'s cancer drug Temodar until a federal appeals court weighs in on the drug's patent.
Drug heist investigators trying to find suspects (AP)
AP - Police in a Connecticut town where $75 million in pharmaceuticals were stolen say they are interviewing company workers, checking area hotels and following other leads to identify suspects.
Beach jogger killed by plane likely never heard it (AP)
AP - The kit-built single-engine plane was gliding quietly as it came down for an emergency landing on a beach. Pharmaceutical salesman Robert Gary Jones, listening to his iPod while jogging, likely never saw or heard it before the aircraft hit him from behind Monday evening and killed him.
Brazen Conn. warehouse heist nets $75M in pills (AP)
AP - In a Hollywood-style heist, thieves cut a hole in the roof of a warehouse, rappelled inside and scored one of the biggest hauls of its kind — not diamonds, gold bullion or Old World art, but about $75 million in antidepressants and other prescription drugs.
Clarification: Amylin FDA info request story (AP)
AP - In a story March 15, The Associated Press reported that Bydureon is the proposed trade name of exenatide, a diabetes treatment being developed by Amylin Pharmaceuticals Inc., Eli Lilly & Co. and Alkermes Inc. The story should have specified that the once-weekly form of the drug, exenatide LAR, would be called Bydureon. A daily version of exenatide already is sold in the U.S. under the brand name Byetta.
IMS: China to be 3rd largest pharma market in 2011 (AP)
AP - Sales of prescription drugs in emerging markets will grow rapidly over the next few years, pharmaceutical market research firm IMS Health says, with China becoming the world's third-largest prescription drug market in 2011.
Los Angeles physician convicted of 13 felonies (AP)
AP - A Los Angeles physician who investigators call the second "most prolific provider" of prescription drugs in the country has been convicted of 13 felony counts.
Angiotech said new stent met goals in studies (AP)
AP - Angiotech Pharmaceuticals Inc. said Monday a stent it developed with Boston Scientific Corp. met its goals in a pair of clinical trials.
OSI board rejects Astellas' $3.5 billion offer (AP)
AP - OSI Pharmaceuticals rejected a $3.5-billion takeover bid from Astellas Pharma Inc., telling shareholders Monday the offer was too low.
Amylin shares up on FDA response for diabetes drug (AP)
AP - Shares of Amylin Pharmaceuticals jumped 13 percent Monday as the Food and Drug Administration asked for more information on its potential diabetes treatment.
BioSante cancer vaccine gets 'orphan drug' status (AP)
AP - BioSante Pharmaceuticals has received orphan drug status for its potential pancreatic cancer treatment, the company said Monday.
Experimental Merck blood-thinner found effective (AFP)
AFP - An experimental blood thinner developed by Merck and Portola Pharmaceuticals was found to be safe and effective in a mid-stage study presented Monday, with a lower incidence of serious bleeding than current drugs.
Late Corey Haim linked to prescription drug ring (AFP)
AFP - Prosecutors in California have said they are looking into a possible link between the death of Canadian actor Corey Haim and an illegal trade in prescription drugs.
Endo names ex-Nora Therapeutics CEO as COO (AP)
AP - Endo Pharmaceuticals Holdings Inc. said Friday it hired former Nora Therapeutics CEO Julie McHugh as its new chief operating officer.
Medco Health got compensation worth $13.3M in 2009 (AP)
AP - Pharmacy benefits manager Medco Health Solutions Inc. said even though its CEO took a 7 percent pay cut in 2009, he still received $13.3 million in total compensation, according to Associated Press calculation of figures filed with regulators.
Optimer Pharma reports narrower 4th-quarter loss (AP)
AP - Optimer Pharmaceuticals Inc. narrowed its loss in the fourth quarter as expenses declined, the company said.
Ligand, Glaxo drug gets European approval (AP)
AP - Ligand Pharmaceuticals Inc. said Friday that partner GlaxoSmithKline gained European regulatory approval to sell the blood disorder drug Revolade.
Aveo Pharmaceutical shares drop in trading debut (AP)
AP - Shares of Aveo Pharmaceuticals are falling in their market debut, after its initial public offering raised $81 million.
NY cashier, 91, punched trying to fend off thief (AP)
AP - A 91-year-old New York pharmacy cashier refused medical attention and went back to work after a thief punched her.

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