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Senate bill halves contested tax on medical devices

Star Tribune (Minneapolis-St. Paul, Minn.) | 7 hours 7 minutes ago

A controversial tax on medical devices, proposed as part of the Senate's landmark health-care legislation, has been cut in half by Senate negotiators, drawing cautious praise from Medtronic Inc.... (more)


Boston Scientific to leave Doral

American City Business Journals | 14 hours 56 minutes ago

Medical products company Boston Scientific Corp., which has more than 1,200 employees working out of a 14-acre plant in Doral, is relocating its operation to Costa Rica over the next three years.... (more)


Mass. companies amassing cash

American City Business Journals | 15 hours 2 minutes ago

Many of the largest publicly traded companies in Massachusetts have moved aggressively around the jaws of the recession, largely because they had ample liquidity heading into the turmoil.... (more)


Morphine may accelerate cancer growth, research suggests

Edmonton Journal (Canada), The | 17 hours 42 minutes ago

CHICAGO - Evidence is mounting that morphine, commonly used to manage pain, may accelerate cancer growth, but a newly-approved drug that blocks its side effects could also keep tumours from spreading, U.S. researchers said on Wednesday.... (more)


2 firms pay millions to settle charges of drug-kickback deal

Sun (Baltimore), The | 1 day 6 hours 53 minutes ago

MIAMI In early 1999, prosecutors say, an executive of pharmacy-services firm Omnicare approached a vice president of drugmaker IVAX and offered a deal: For a large "signing bonus," Omnicare would push doctors to use IVAX's generic drugs in its nursing homes.... (more)


Dendreon says FDA will disclose Provenge ??s fate by May 1

American City Business Journals | 1 day 13 hours 6 minutes ago

Dendreon Corp. said the U.S. Food and Drug Administration said it will make a regulatory decision on the biotech?s Provenge prostate cancer drug by May 1, 2010.... (more)


NuVasive Share Price Drops;Investors Worry About Reimbursements

Wall Street Journal, The | 1 day 21 hours 35 minutes ago

Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--NuVasive Inc. (NUVA) shares slipped Friday on an insurance reimbursement issue tied to a key medical procedure, even as analysts discounted the implications of a potential coverage change.... (more)


CME: Will Launch Sour Oil Futures Contract In Early December

Wall Street Journal, The | 1 day 21 hours 35 minutes ago

NEW YORK (Dow Jones)--CME Group Inc. (CME) will begin trading its Gulf Coast sour crude oil futures contract on Dec. 6, setting up a showdown with rival IntercontinentalExchange Inc. (ICE), which is launching similar contracts on the same date.... (more)


Becton Dickinson buys test maker HandyLab

Miami Herald, The | 1 day 23 hours 32 minutes ago

FRANKLIN LAKES, N.J. -- Becton Dickinson and Co. said Friday it bought molecular diagnostic test maker HandyLab Inc. for $275 million.... (more)


Medidata files shelf registration for offering

Yahoo! | 1 day 23 hours 40 minutes ago

NEW YORK ? Medidata Solutions Inc., a maker of software and services for clinical development of drugs and medical devices, said Friday it plans a public offering of 4.5 million shares of its common stock.... (more)


Wire Business News

Sacramento Bee (Calif.), The | 2 days 30 minutes ago

FRANKLIN LAKES, N.J. -- Becton Dickinson and Co. said Friday it bought molecular diagnostic test maker HandyLab Inc. for $275 million.... (more)


Flu season, ailing economy aiding Mich. drug maker

Investor's Business Daily | 2 days 1 hour 32 minutes ago

ALLEGAN, Mich. (AP) Record profits. Job openings. Shareholders making money. It's not what you might think in Michigan, home to the country's highest unemployment rate, but a century-old company is in robust health thanks to achy, thifty Americans.... (more)




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