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Pharmaceuticals Biotechnology and Life Sciences

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  • Not Having Enough Money Is Painful—Literally Thursday, 1 May 2008 | 6:38 PM ET

    Financial pain and physical pain may be linked: A new study says people who make less money and work in blue-collar jobs are more prone to be in pain.

  • Merck Warned by FDA over Manufacturing Plant Wednesday, 30 Apr 2008 | 11:51 AM ET

    Merck says it has received a warning letter from the Food and Drug Administration over concerns at one of its major vaccine manufacturing plants.

  • Genentech, Biogen Idec Shares Hit by Study Results Tuesday, 29 Apr 2008 | 12:07 PM ET

    Genentech and Biogen Idec said a key study of Rituxan did not meet its main goal of a response in patients with systemic lupus erythematosus, commonly called lupus.

  • Merck Shares Plunge as Cholesterol Drug Rejected Tuesday, 29 Apr 2008 | 11:20 AM ET
    Merck

    U.S. health regulators have rejected a new drug from Merck that was designed to raise the level of HDL, or "good" cholesterol, the company said, sending its shares plunging more than 10 percent.

  • Forget Fed Watch Monday, 28 Apr 2008 | 6:15 PM ET

    Wall Street’s on the edge of its seat ahead of Wednesday’s interest-rate announcement. You should be on the phone with your broker.

  • Amgen Tops Expectations on Cost-Cutting Efforts Thursday, 24 Apr 2008 | 4:09 PM ET
    Amgen

    Amgen Inc., the world's largest biotechnology company, reported earnings of $1.12 per share on first-quarter revenues of $3.6 billion on Thursday, beating most Wall Street expectations on cost-cutting measures.

  • Schering Profit Falls, but Tops Wall Street Estimates Wednesday, 23 Apr 2008 | 8:55 AM ET

    Schering-Plough, whose shares have been battered this year by a failed trial of its Vytorin cholesterol drug, reported a smaller-than-expected drop in quarterly earnings on Wednesday thanks to cost controls.

  • Pharma in Focus: Insiders Sound Off Monday, 21 Apr 2008 | 1:23 PM ET

    Merck and Eli Lilly reported earnings today, and CNBC asked the pharmaceutical companies’ chief executives and an analyst to discuss the results and the sector as a whole.

  • Genentech Faces ImClone Pressure on Cancer Drug Monday, 21 Apr 2008 | 5:15 AM ET
    Genetech

    Genentech's blockbuster cancer drug Avastin faces a big challenge from ImClone Systems's Erbitux in lung cancer, Morgan Stanley analysts said on Monday, citing unpublished data.

  • Genentech Tops Profit Forecasts but Drug Sales Short Thursday, 10 Apr 2008 | 4:53 PM ET
    Genetech

    Genentech reported earnings that edged forecasts, but sales of all four of its big brand-name drugs fell short of forecasts.

  • Genentech Earnings Preview: Cure for Portfolio Ills? Thursday, 10 Apr 2008 | 1:37 PM ET
    Genetech

    Genentech stock is on a tear this year and analysts are expecting double-digit sales growth for most of the biotech's key drugs this quarter. Can Genentech keep it up?

  • Japan's Takeda to Buy Millennium Pharma Thursday, 10 Apr 2008 | 6:25 AM ET

    Takeda Pharmaceutical said it would buy U.S. firm Millennium Pharmaceuticals for $8.8 billion to boost its cancer drug business, in the biggest overseas acquisition by a Japanese drug maker.

  • Merck: Cramer's No. 1 Dow Stock Wednesday, 9 Apr 2008 | 7:08 PM ET

    He's expecting a full recovery – and more – for this company.

  • Pfizer Adds Lung Cancer Warning to Exubera Insulin Wednesday, 9 Apr 2008 | 10:51 AM ET

    Pfizer and Nektar Therapeutics said Wednesday clinical trials of the inhaled insulin Exubera found increased cases of lung cancer, leading Nektar to end talks with potential partners to market the product.

  • Schering-Plough's Hell Week Friday, 4 Apr 2008 | 7:58 PM ET

    CEO Fred Hassan updates investors on his company's plans to rebound from the Vytorin debacle.

  • Options Look to Hepatitis-C Payoff Thursday, 3 Apr 2008 | 9:40 AM ET

    Options activity is picking up in Johnson & Johnson stock. Why?

  • Think Your Kid Is On Steroids? Well, Now You Can Test Wednesday, 2 Apr 2008 | 2:47 PM ET

    Your kid is bulging. His name is Mark. He doesn't want to talk about the past. He forgets the English language. He starts misremembering things. You suspect he might be up to something. So what do you do? Until now, your options would be limited.

  • Walgreen Shows 4.4% Sales Increase, Boosted by Easter Wednesday, 2 Apr 2008 | 8:29 AM ET
    Walgreens Store

    Walgreen posted a 4.4 percent increase in sales at stores open at least a year as strong demand for Easter merchandise helped offset tepid sales growth for prescription drugs.

  • Pfizer Halts Melanoma Trial as Drug Fails Tuesday, 1 Apr 2008 | 7:05 PM ET
    Pfizer

    Pfizer said on Tuesday it was halting a late stage study of its experimental drug for advanced melanoma after data showed it was no better than standard chemotherapy.

  • Panel: AIDS Drug Doubles Heart Attack Risk Tuesday, 1 Apr 2008 | 4:59 PM ET

    A drug commonly used to fight AIDS appears to nearly double the risk of a heart attack, researchers said Tuesday.