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Tough pill to swallow
News: The U.S. Supreme Court ruled that pharmaceutical sales representatives aren’t entitled to overtime pay for the extra hours they put in outside the normal business day. View: This decision […]
Maryland mergers and acquisitions surge in 1Q
Bucking a national trend, Maryland mergers and acquisitions rose almost 25 percent in the first quarter of 2012 compared with the last quarter of 2011, with the increase largely driven […]
EntreMed sees earnings, revenue drop
EntreMed Inc. of Rockville, a clinical-stage pharmaceutical company developing therapeutics for the treatment of cancer, reported fourth-quarter net income of $1 million, or 6 cents per diluted share, versus net […]
Rockville-based BioReliance sold to St. Louis firm
Sigma-Aldrich Corp., a St. Louis-based supplier of chemicals to research laboratories, said it completed its acquisition of Rockville-based BioReliance Holdings Inc., a contract research provider for biomedical and pharmaceutical companies. […]
Wholesale prices up a modest 0.3 pct. in November
WASHINGTON — Wholesale prices rose a modest 0.3 percent last month as U.S. companies paid more for such items as food and pharmaceuticals. But energy prices barely rose, keeping inflation […]
Speaking fees declining for pharmaceutical firms
The amount of money paid by pharmaceutical firms to physicians and other health professionals to speak about their products seems to be slowing, but a look at 12 companies that […]
MedImmune, Merck to share Frederick manufacturing space
FREDERICK — MedImmune says it will share its manufacturing space in Frederick with pharmaceutical giant Merck & Co. MedImmune said Wednesday the companies have reached a 15-year deal allowing Merck […]
Core wholesale inflation jumps in July
WASHINGTON — A key measure of wholesale inflation rose in July by the most in six months. The measure, called core wholesale inflation, excludes volatile food and energy prices. It […]
EntreMed narrows second-quarter loss
EntreMed Inc. of Rockville, a clinical-stage pharmaceutical company developing therapeutics for the treatment of cancer, said it narrowed its loss for the second quarter. EntreMed reported a net loss of […]
Ex-CEO of Lux Biosciences named COO at Micromet
BETHESDA — Cancer drug developer Micromet Inc. on Tuesday named Ulrich Grau, a biopharmaceutical industry veteran, as its executive vice president and chief operating officer, effective immediately. Grau has more […]
Novavax licenses flu vaccine technology to LG Life
ROCKVILLE — Novavax. Inc. said Tuesday it gave pharmaceutical company LG Life Sciences Ltd. an exclusive license to develop and sell flu vaccines using its technology in South Korea. LG, […]
Abbott cuts 1,900 jobs from US drug business
Abbott Laboratories said Wednesday it would eliminate 1,900 employees to keep profits up, indicating that one of the pharmaceutical industry’s few success stories of recent years is not immune to […]
