from Reuters J&J Animas unit recalls leaky insulin cartridges * 384,180 cartridges recalled in U.S., France * 22 adverse events reported, no deaths * Leak could result in underdelivery of insulin * FDA also warns Cordis unit over stent manufacturing * Shares close up 0.5 percent (Updates number of adverse events, closing share price) By Bill Berkrot NEW YORK, March 8 (Reuters) - Johnson & Johnson (JNJ.N), which has been beset by a seemingly endless stream of product recalls, has recalled hundreds of thousands of potentially leaky insulin pump cartridges that could … [Read more...]
Glaxo Suit on Avandia Heart Attack Death Settled on Trial’s Eve
from Bloomberg.Com Glaxo Suit on Avandia Heart Attack Death Settled on Trial’s Eve GlaxoSmithKline Plc said it settled on the eve of trial a lawsuit alleging its Avandia diabetes drug caused a North Carolina man to die of a heart attack, avoiding a jury determination over risks associated with the medicine. The U.K.’s biggest drugmaker resolved the suit by the family of James Burford, an Avandia user who died in 2006. The company declined to provide details of the accord’s terms. The resolution eliminates the risk Glaxo would face a large jury award, said Navid Malik, a drug-industry … [Read more...]
AstraZeneca and Seroquel Suits
from Bloomberg.Com AstraZeneca Said to Pay $150 Million to Settle About 6,000 Seroquel Suits AstraZeneca Plc agreed to pay $150 million to settle more lawsuits claiming its antipsychotic drug Seroquel causes diabetes, pushing the amount the drugmaker has paid to resolve cases over the medicine to almost $350 million, people familiar with the accords said. AstraZeneca, the U.K.’s second-biggest drugmaker, will resolve about 6,000 cases alleging the company knew Seroquel could cause diabetes and failed to adequately warn patients, two people familiar with the settlements said. They spoke on … [Read more...]
