pharmaceuticals

Business

Teva to Cut 7,000 Jobs After Disappointing Quarter Results

Teva Pharmaceutical has announced dramatic plans to downsize following a grim second quarter earnings report released on Thursday. The Israel-based company, which operates its North […]

Business

Teva Loses Patent Case for Top-Selling Drug

Teva is the world’s largest generic drugmaker, so when its stocks went plummeting on Tuesday, investors weren’t happy. Its stock tumbled as much as six […]

Business

784 Layoffs at Embroiled Mail-Order Pharmacy

After multiple reports that mail-order pharmacy Philidor Rx Services used questionable tactics to get insurance companies to pay for the drugs it dispensed, the company is […]

News

These 10 Philly Docs Received $12.8 Million from Medical Device and Pharmaceutical Companies Last Year

Update: This post has been clarified to more accurately characterize the nature of some of the payments these doctors receive. The payment totals listed are from device makers […]

Business

Pharma Co. to Pay $1.2B For Allegedly Blocking Competition

A local pharmaceutical company charged with paying generic drug manufacturers to delay the release of competing medications has agreed to a $1.2 billion settlement with the Federal Trade Commission. […]

Business

BizFeed: Pharma Execs Wildly Overpaid

1. Pharma Compensation Reigns Supreme The News: Pharmaceutical executives make more money than any other slice of the health care sector, according to data compiled by […]

News

Israeli Company With Montco HQ in $40B Bid to Become Largest Generic Drug Maker

Teva Pharmaceuticals has offered to acquire Mylan N.V. for $82 per share — or approximately $40 billion. Teva is an Israeli company that employs 2,000 […]