- UK company fined for misleading Australians over painkillers Updated: Apr-29-16 12:12 am
SYDNEY - An Australian court ordered a British consumer goods company on Friday to pay 1.7 million Australian dollars ($1.3 million) in penalties after ruling that the company misled consumers about the effectiveness of a popular painkiller.
- Asian stocks mixed after Wall Street slide Updated: Apr-28-16 11:18 pm
BEIJING - Asian stocks were mixed Friday after Wall Street slid and Japan's central bank surprised markets by putting off possible additional stimulus.
- Amgen posts 1Q sales, profit jumps, raises profit forecasts Updated: Apr-28-16 8:16 pm
Amgen beat and then raised profit expectations after surging sales of its medicines, tight cost controls and other factors lifted the biologic drugmaker's first-quarter profit by 17 percent.
- Advocates fear chaos after Rauner home health care ruling Updated: Apr-28-16 8:08 pm
SPRINGFIELD, Illinois - Gaileen Roberts' daughter Jody has cerebral palsy, is quadriplegic and developmentally delayed. But she can live at home because her mother earns a taxpayer-subsidized $13 an hour as her caregiver.
- Iowa regent directs furniture company that won no-bid deal Updated: Apr-28-16 6:58 pm
IOWA CITY, Iowa - A prominent regent failed to publicly disclose that she was a paid director for a national furniture company before its local distributor signed a lucrative no-bid contract with the University of Iowa last year, records show.
- Drug company to pay back rebates owed to Washington Updated: Apr-28-16 6:43 pm
SEATTLE - The state attorney general's office has announced a national pharmaceutical company accused of underpaying drug rebates owed to Medicaid will pay Washington $22.9 million.
- Gilead 1Q profit tumbles on slower hepatitis C drug sales Updated: Apr-28-16 6:04 pm
WASHINGTON - Gilead Science Inc.'s earnings tumbled more than 17 percent in the first quarter as steeper discounts and rebates on its blockbuster hepatitis C drugs cut into sales.
- South Dakota tribe sues feds over ER closure Updated: Apr-28-16 5:46 pm
SIOUX FALLS, South Dakota - A Native American tribe in South Dakota sued the federal government Thursday over the nearly five-month closure of the only emergency room on its reservation.
- Facebook and St. Jude Medical surge, GNC and AbbVie skid Updated: Apr-28-16 5:07 pm
NEW YORK - Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq stock market:
- Amgen beats Street 1Q forecasts Updated: Apr-28-16 4:21 pm
THOUSAND OAKS, California _ Amgen Inc. (AMGN) on Thursday reported first-quarter profit of $1.9 billion.
- Abbott Labs to spend $19.3 billion to buy St. Jude Medical Updated: Apr-28-16 3:54 pm
Abbott Laboratories will spend $19.3 billion to buy St. Jude Medical Inc. in a cash-stock deal that aims to strengthen the medical device maker's stake in cardiovascular care.
- Manchester VA improves number of claims paid, officials say Updated: Apr-28-16 3:29 pm
MANCHESTER, New Hampshire - Officials with the Manchester VA Medical Center say they have more than doubled the amount of claims paid out following complaints over delayed payments to local health care providers through the Veterans Choice Program.
- Aetna tops Street 1Q forecasts, hikes 2016 forecast Updated: Apr-28-16 2:14 pm
Aetna's first-quarter earnings slid nearly 7 percent as enrollment dipped, but the nation's third-largest health insurer topped Wall Street expectations and hiked its 2016 profit forecast.
- Shareholders criticize Pfizer after scrapped Allergan deal Updated: Apr-28-16 1:28 pm
Just weeks after the collapse of Pfizer's controversial deal to buy fellow drugmaker Allergan and move its headquarters to Ireland, company executives faced sharp criticism from shareholders at their annual meeting.
- Sanofi makes $9.3 billion bid for American firm Medivation Updated: Apr-28-16 11:49 am
PARIS - Drug maker Sanofi made a $9.3 billion bid for San Francisco pharmaceutical firm Medivation on Thursday, part of the firm's effort to expand its portfolio of cancer treatments.
- IU hospital in Muncie taking precautions for Legionella Updated: Apr-28-16 11:19 am
MUNCIE, Indiana - An Indiana University hospital in Muncie is keeping water restrictions in place after tests last week found a positive test for the Legionella bacteria.
- Child diagnosed with Elizabethkingia in Wisconsin Updated: Apr-28-16 10:44 am
MILWAUKEE - Children's Hospital of Wisconsin says one of its patients has been diagnosed with the bloodstream infection Elizabethkingia (ee-LIZ'-ah-beth-KING'-ee-ah).
- AbbVie tops Street 1Q forecasts, buying StemCentrx Updated: Apr-28-16 9:49 am
NEW YORK - AbbVie Inc. on Thursday reported a boost in first-quarter profit on higher sales of the drug Humira and said it will buy cancer drug developer StemCentrx for more than $5.8 billion.
- Ohio Medicaid gets $25M from Pfizer drug discount settlement Updated: Apr-28-16 8:39 am
COLUMBUS, Ohio - The state attorney general says Ohio's Medicaid program will get nearly $25 million from drugmaker Pfizer Inc.'s payments to resolve allegations that one of its companies didn't give Medicaid the same discounts it provided to private buyers of a heartburn treatment.
- Bristol-Myers 1Q sales jump but costs keep its profit flat Updated: Apr-28-16 7:00 am
TRENTON, New Jersey - Bristol-Myers Squibb Co. trounced Wall Street's first-quarter profit expectations as soaring sales of key new medicines offset higher expenses and a big hit from generic competition. Those factors left the drugmaker with a nearly flat profit despite revenue jumping 9 percent, a sales trend that bodes well for the future, and Bristol-Myers hiked its profit forecast significantly.
- Drug companies to pay North Carolina $45M in settlement Updated: Apr-28-16 6:09 am
RALEIGH, North Carolina - North Carolina will receive $45 million in a settlement with drug makers Pfizer and Wyeth.
- Michigan gets $17.2M from settlement in drug discount case Updated: Apr-28-16 5:43 am
LANSING, Michigan - Michigan is getting $17.2 million after drugmaker Pfizer Inc. agreed to resolve allegations that one of its companies failed to give Medicaid the same discounts it provided to private purchasers of a heartburn treatment.
- Smartphone health: Apple releases software for medical apps Updated: Apr-28-16 4:22 am
CUPERTINO, California - Apple is edging its way a little further into health care with the release of new iPhone apps that patients can use to manage their own medical conditions - from diabetes to pregnancy and even depression.
- Lawmakers blast Valeant for price-gouging tactics Updated: Apr-27-16 7:42 pm
WASHINGTON - Lawmakers accused Valeant Pharmaceuticals of gouging patients to reward Wall Street investors during a hearing Wednesday scrutinizing the embattled drugmaker's pricing tactics.
- Congressman: VA hospital on track to stay within new budget Updated: Apr-27-16 7:32 pm
DENVER - Congressman Mike Coffman says a VA hospital under construction in Aurora is on schedule and on track to come in within its current budget of $1.7 billion.