Covance Elects Bradley T. Sheares to Company's Board of DirectorsPR Newswire (press release), NYPrior to joining Reliant, he was president of the US Human Health division of Merck and Co., Inc., where he led commercial efforts in the United States for the company's portfolio of prescription medicines for the treatment of chronic and acute …

Czech group J&T to sell Zentiva stake to SanofiReutersPR) to Sanofi-Aventis (SASY.PA), helping boost a majority stake the French firm has secured in a bid for the Czech peer. A unit of privately-owned Czech firm J&T Fervent Holding said it would accept Sanofi's offer of 1150 crowns per Zentiva share, …(Adds Sanofi-Aventis) guardian.co.ukFrance's Sanofi-Aventis set [...]

Cherry-flavored malaria drug launched for kidsThe Associated PressDAKAR, Senegal (AP) — Swiss pharmaceutical company Novartis is launching a new cherry-flavored malaria drug that it says children will be less likely to spit out. The child-friendly version of its Coartem malaria pill dissolves in water, …Child-Friendly Anti-Malarial Drug Introduced Across Africa Voice of Americaall 84 news [...]

MedIndia

GlaxoSmithKline Breaks Industry Ranks to Improve Access to MedicinesKansas City infoZine, MOInternational agency Oxfam says pharmaceutical giant GlaxoSmithKline (GSK) should be congratulated for breaking industry ranks and taking a major step toward helping poor people in developing countries to get better access to medicines. invest 20% of …GlaxoSmithKline Promises Cheaper Medicines in the Developing World Bridges [...]

Pfizer lowers amount of executive severance payoutThe Associated PressTRENTON, NJ (AP) — Pfizer Inc., the world's biggest drugmaker, is significantly reducing the value of the severance packages for top managers in a nod to public pressure to reduce sky-high executive pay. The new executive severance plan took effect …

guardian.co.uk

Obama Tells Mayors to Spend WiselyNew York TimesBy SHERYL GAY STOLBERG and DAVID STOUT WASHINGTON - President Obama told the nation’s mayors on Friday that he would hold them accountable for how they spend the money in his 7 billion economic stimulus package, which he described as “a true …Obama tells mayors Texas could [...]

Eli Lilly names McDonald's president to boardBusinessWeekDrugmaker Eli Lilly & Co. said Wednesday it elected the president and chief operating officer of fast-food chain McDonald's Corp. to its board of directors. Ralph Alvarez, 53, will join Eli Lilly's board on April 1, and serve on the board finance …Eli Lilly appoints Ralph Alvarez as [...]

Bristol Myers Squibb Co. (BMY)Zacks.com, ILBy Alex Kolb Bristol Myers Squibb Co. (BMY) boasts a solid record of exceeding analysts’ earnings expectations, missing the consensus estimate only twice in more than 4 years. For the 2009 year, analysts see year-over-year earnings per share growth of …Zacks Releases Four Powerful ''Buy'' Stocks: LaBranche & Co., Inc … [...]

New company will use Akrimax for pharmaceutical manufacturingPlattsburgh Press Republican, NYIt is a generic form of Inderal, one of the products Wyeth manufactured in Rouses Point. Rouses Point Pharmaceuticals President Ben Maizel said his goal is for 0 million in growth in the next three years. Akrimax Pharmaceuticals Chairman Joseph …New Drugmaker Launches in Rouses Point [...]

Abbott Laboratories (ABT) PriceWatch Alert for February 18, 2009Market Intelligence Center, VAAbbott Laboratories (NYSE: ABT) ended the last trading session at .93. So far the stock has hit a 52-week low of .75 and 52-week high of .78. Abbott Laboratories stock has been showing support around 52.58 and resistance in the 55.44 range. …Abbott Laboratories (ABT) [...]