It was a difficult year in 2010 for giant drug provider Johnson & Johnson. After facing several class action law suits over recalled children’s medications, the problems continue this week as an announcement has been made public of a recall of commonly used OTC drugs, after a problem with quality control in their McNeil manufacturing [...]

INDIANAPOLIS and PHILADELPHIA, Nov. 8, 2010 /PRNewswire-FirstCall/ — Eli Lilly and Company (NYSE:LLY – News) today announced that it has signed a definitive merger agreement to acquire Avid Radiopharmaceuticals, Inc., a privately held company developing novel molecular imaging compounds intended for the detection and monitoring of chronic human diseases. Avid’s lead program in development is [...]

Biotechnology Industry Organization (BIO) President and CEO Jim Greenwood released the following statement on the announcement by U.S. Treasury Secretary Geithner and Health and Human Services Secretary Sebelius of the recipients of the $1 billion Therapeutic Discovery Project: “Today’s announcement of Therapeutic Discovery Project (TDP) awards is an important first step toward the critical goals [...]

Bacteria have a natural ability to attach themselves to surfaces, both natural and synthetic. Once attached, they often work cooperatively to form biofilms, thin layers of bacterial colonies that can coat the surface of a medical device and introduce the risk of infection. As a result, orthopedic implants, catheters, and even contact lenses can become [...]

(Reuters) – A moldy odor has again stricken Johnson & Johnson’s Tylenol, and the company is recalling another lot of the over-the-counter painkiller. J&J, which has recalled tens of millions of bottles of Tylenol and other consumer medicines in the past year because of complaints of a musty or moldy odor in the product, said [...]

EDEN PRAIRIE, Minn.–(BUSINESS WIRE)– SurModics, Inc. (Nasdaq:SRDX – News), a leading provider of drug delivery and surface modification technologies to the healthcare industry, announced today initiatives intended to reduce its cost structure and renew its focus on business units. These changes are designed to more closely match operations and cost structure with the current customer [...]

SAN DIEGO, Sept. 7 /PRNewswire/ — Zogenix, Inc. (“Zogenix”) announced today that it has filed a registration statement with the Securities and Exchange Commission (“SEC”) relating to the proposed initial public offering of shares of its common stock. The number of shares to be offered and the price range for the offering have not yet been [...]

“Abbott Laboratories will soon acquire the biggest share of India’s pharmaceuticals market, about 7%, when the company closes as early as next month on a $3.7 billion takeover of the drugs business of Piramal Healthcare Ltd.,” the Wall Street Journal reports in an article that examines how pharmaceutical companies are tapping into emerging markets as a [...]

AUSTIN – A leading global medical technology company plans to build its global professional services headquarters in San Antonio. Governor Rick Perry announced Wednesday that the state is investing $1.56 million through the Texas Enterprise Fund (TEF) in BD (Becton, Dickinson and Company). The investment will create nearly 300 jobs and generate an estimated $6.35 [...]

News reports cover developments in the pharmaceutical and medical device industries. The Associated Press: “Makers of X-ray machines, drug pumps and other medical devices would have to submit more safety information to win federal approval under a proposal designed to tighten regulation of thousands of products reviewed each year. The Food and Drug Administration released [...]