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Eli Lilly and Co has agreed to pay $62 million to settle claims that it improperly marketed its top-selling Zyprexa schizophrenia drug to patients who were not approved users, the company said on Tuesday. Reuters Health Information
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Two television commercials for Bayer AG's birth control product Yaz are misleading, U.S. health regulators warned the company in a letter released on Tuesday. Reuters Health Information
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The United States has joined a whistle-blower lawsuit against McKesson Corp and other companies accused of submitting false claims to Medicare, the Justice Department said on Monday. Reuters Health Information
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Findings contradict recently published findings that tiotropium bromide increases the risk for mortality and/or cardiovascular events. Medscape Medical News
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Charles B. Nemeroff, M.D., Ph.D., is a psychiatrist at Emory University alleged by congressional investigators to have failed to report a third of the $2.8 million (or more) he received in consulting fees from pharmaceutical companies whose drugs he
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Novozymes, which has a research laboratory in Davis, has received a $12.3 million contract from the U.S. Department of Energy to continue its work on improving enzymes to produce cellulosic ethanol.
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Costco Wholesale Corp. said fourth-quarter net income rose to $397.8 million, or 90 cents per diluted share; up from $372.4 million, or 83 cents per share a year earlier. (COST)
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Frank Ruderman, who was CEO and chairman of Berkeley HeartLab in Burlingame, left the company now that it has been bought by and integrated into Celera. (CRA)
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