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When making remarks on Friday at a technical college in Los Angeles, President Barack Obama had some strong words for companies that use cross-border mergers to escape taxes in the United States, according to Bloomberg. Obama accused the companies of…>read moreNo Comment July 25, 2014
Pfizer, the U.S. big pharma drugmaker is trying to secure its next move with its $100 billion fight for Britain’s AstraZeneca PLC. Pfizers’ rejection of two bids, have investors on both companies at the edge of their seats as deal making…>read moreNo Comment April 28, 2014
Pharmaceutical giant Merck will pay $950 million, and has pleaded guilty to a criminal charge regarding the marketing and sales of the painkiller Vioxx, both the company and the Justice Department announced in recent days. The negotiated settlement includes the…>read moreNo Comment November 23, 2011
According to today’s press release at PR Newswire, AstraZeneca must pay the federal government $520 million in civil fines to settle charges of off-label marketing of the antipsychotic drug Seroquel. The settlement is the largest pharmaceutical civil settlement, and among the…>read moreNo Comment April 27, 2010