Bayer Withdraws Schiff Bidding Interest

Bayer have declared that they are not going to follow plans to purchase American vitamins company, Schiff Nutrition International, four days after their $1.20 billion offer was beaten by Reckitt Benckiser. Roughly three weeks ago, Bayer announced a bid of $34 per share to acquire Schiff, but Reckitt since revealed an offer of $42.00 per

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NHS hospital prescribing costs remain high

New and expensive treatments are continuing to drive up NHS prescribing costs in England’s hospitals. This is according to a new IMS Health report, commissioned by the NHS, which found that hospital prescribing costs in England increased by 6.9% in 2011, far outstripping the 1.9% growth seen in primary care. The rate of increase is

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Novo Nordisk Q3 Net Profit Grows 26%

Novo Nordisk revealed more healthy sales figures yesterday for their third quarter results, aided by solid sales of their diabetes drug, Victoza, and its modern insulins. The company announced an 18% growth in sales to a total of 57.1 billion Danish kroner ($9.9 billion).  Operating profit increased 34% to 21.9 billion kroner.  Their net profit

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Novo Nordisk Q3 Net Profit Grows 26%

Novo Nordisk revealed more healthy sales figures yesterday for their third quarter results, aided by solid sales of their diabetes drug, Victoza, and its modern insulins. The company announced an 18% growth in sales to a total of 57.1 billion Danish kroner ($9.9 billion).  Operating profit increased 34% to 21.9 billion kroner.  Their net profit

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AstraZeneca Announce 15% Sales Drop

AstraZeneca have announced a dip of 15% for their Q3 sales, mainly as a result of the loss of exclusivity on several key brands, and costs relating to the disposal of their former Astra Tech and Aptium Oncology units. The Anglo-Swedish organisation’s revenue fell to $6.8 million in comparison to quarter 3 in 2011.  Antipsychotic

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Depression Up 11.5% Over 3 Years

The number of people suffering from depression in England has grown by almost half a million in just three years, according to a new report by SSentif Intelligence. Analysing the data from the NHS Quality Outcomes Framework, the group discovered that the number of registered patients with depression increased by 11.5% from 2008 to 2011,

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Collaboration Best for Stretched NHS Budgets

The Association of the British Pharmaceutical Industry (ABPI) head has noted that he understands that the UK National Health Service must save money, but wishes to create new partnerships to help this happen. Stephen Whitehead, chief executive of the ABPI, writing in the Guardian’s professional network, commented that “within the changing NHS landscape, it is

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