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Pharmaceutical Companies

Wyeth Sues Teva Over Heartburn Drug

AP | DAMIAN J. TROISE | Posted 05.25.2011 | Business

A patent dispute over the heartburn drug Protonix escalated Monday when Wyeth said it will sue to recover lost profits from sales of Teva Pharmaceutic...

Novartis To Cut 2,500 Jobs

AP | Posted 05.25.2011 | Business

Novartis AG will cut 2,500 jobs worldwide by 2010 in an attempt to save $1.6 billion, the drug maker said Thursday. The company said it would take a ...

Bristol-Myers To Cut 4,300 Jobs

BBC News | Posted 05.25.2011 | Business

US drugmaker Bristol-Myers Squibb says it will cut its 43,000-strong workforce by 10% and close half of its 27 manufacturing plants to save $1.5bn. T...

Big Pharma Frets As Major Patent Expirations Loom

Wall Street Journal | BARBARA MARTINEZ, JACOB GOLDSTEIN | Posted 05.25.2011 | Business

Over the next few years, the pharmaceutical business will hit a wall. Some of the top-selling drugs in industry history will become history as patent...