Gilead Sciences Inc. has completed its acquisition of Pharmasset Inc., a clinical-stage pharmaceutical firm. Gilead said late Tuesday that its subsidiary, Royal Merger Sub II Inc., has finalized the transaction to buy Pharmasset for $137 per share in cash, or about $11.2 billion.
Kraft Foods Inc. plans to realign its U.S. sales organization and lay off about 1,600 employees as it readies for a spin-off of its grocery business, splitting the food manufacturing giant into two public companies.
GE Healthcare has entered into a global licensing pact with medical testing product specialist Bionime Corp. to provide new GE-branded solutions for the diabetes market. The GE100 Blood Glucose Monitoring System is the lead-off product in the GE-Bionime partnership. The General Electric Co.
The Consumer Healthcare Products Association (CHPA) has appointed John Punzi and Jay Sirois as directors in its regulatory and scientific affairs department.
Novo Nordisk has partnered with celebrity cooks Paula Deen and her sons Bobby and Jamie Deen to launch "Diabetes in a New Light," a national effort to help adults find simple ways to manage type 2 diabetes. Celebrity cook Paula Deen with her sons Jamie (left) and Bobby. The diabetes care company
Hershey Co. has unveiled Jolly Rancher Crunch ‘N Chew candy, which the company said provides "a unique way to enjoy bold fruit flavor.
ChromaDex Corp. has landed retail distribution for its BluScience line of dietary supplements with Walgreen Co. and its drugstore.com online subsidiary.
Prasco Laboratories has signed a pact with Shire for the U.S. distribution of an authorized generic version of Carbatrol extended-release capsules, a medication for seizures.
By the middle of this year, Roche Diabetes Care plans to release the Accu-Chek Nano SmartView, a miniature blood glucose monitor that the company said marks the brand’s first single-strip no-code meter. Accu-Chek Nano SmartView The company said this week that it received clearance from the U.S.
Perrigo Co. has won a summary judgment in patent litigation for its planned generic version of Mucinex cough/cold medicine.
Old Spice has rolled out a new advertising campaign for its lineup of Old Spice Red Zone body sprays and has unveiled a new scent called Danger Zone.
TheraBiogen Inc., the maker of TheraMax homeopathic nasal sprays for allergy, cold and flu symptoms and migraine headaches, has completed the launch of its Times Square Social Media campaign.
Shire PLC has acquired the rights to develop and market the gastrointestinal drug Resolor in the United States in an agreement with Janssen Pharmaceutica N.V. Shire said Tuesday that under the terms of the agreement, the U.S. rights to the Resolor trademark will be transferred to the company.
Perrigo Co. has entered an agreement to acquire CanAm Care, a distributor of diabetes care products. Perrigo said Monday that the $36 million cash deal to buy Alpharetta, Ga.
Catalina Marketing Corp. has appointed John Miles as its new executive vice president and chief information officer. The marketing specialist said Monday that in the CIO role, Miles will be responsible for leading IT strategy, research and development, and new product development.
Novartis Consumer Health Inc. is voluntarily recalling certain over-the-counter medicines in the United States, including pain reliever, alertness aid and anti-gas brands.
