Avandia's U.S. patent lapsed in 2011, a year after the FDA heavily restricted its use due to ambiguity about possible increased risk of heart attack and stroke seen in a large trial called RECORD, as well as a review of dozens of other studies.
WASHINGTON, June 3- The U.S. House of Representatives approved a bill on Monday setting out how the federal government should track prescription drugs moving through the distribution chain. A Senate version would require each individual drug unit to be traceable after a phase-in period, requiring a bigger investment in technology.
"Overall, the readjudication appears to support the previous observation that in this trial, was not associated with an increased incidence of major adverse cardiovascular events," FDA staff members said in documents released by the agency on Monday.
BRUSSELS, June 3- A European regulator will fine Denmark's Lundbeck and eight other makers of generic drugs for limiting the supply of cheaper medicines, two people with knowledge of the matter said, its first sanction against "pay-for-delay" deals.
June 3- An experimental cancer drug from BioMarin Pharmaceutical Inc has proven to be effective in treating patients with breast or ovarian cancers caused by mutation in the BRCA gene that repairs damaged DNA, early data show. The drug, BMN673, is part of a new class known as PARP inhibitors.
Individuals and businesses who want to keep their health care coverage still might have to cancel it if it does not meet Obamacare standards. John Goodman, National Center For Policy Analysis; Mark Hannah, Democratic political analyst; and Robert Traynham, Former Bush-Cheney senior advisor, weigh in.
LONDON/ NEW YORK, May 30- U.S. health regulators have approved two new GlaxoSmithKline drugs for treating advanced melanoma, in the latest sign that companies are having more success getting novel medicines to market.
The Fast Money traders share their final trades of the day.
Tuesday, 18 Jun 2013 | 5:00 PM ETAhead of the Fed meeting, the S&P 500 appears headed toward 1,687, StockMonster's Guy Adami says.
Tuesday, 18 Jun 2013 | 6:40 PM ETYou say the name of a stock, and Mad Money's Jim Cramer tells you whether to buy or sell.