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 [...]

(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 [...]

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 [...]

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 [...]