Source: USA Today U.S. pharmaceutical giant Pfizer(PFE) and Irish rival Allergan(AGN) Monday announced a record-breaking $160-billion merger, the largest in health-care industry history and the biggest yet using a controversial tax-saving strategy. In a transaction expected to create the world's largest drugmaker, the companies said Allergan shareholders would receive 11.3…...
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Valeant, Ackman Must Face U.S. Insider Trading Lawsuit
Source: A U.S. judge said Valeant Pharmaceuticals International Inc (VRX.TO) (VRX.N) and activist hedge fund manager William Ackman must face a lawsuit accusing them of insider trading in Allergan Inc before making an unsuccessful takeover bid for the maker of Botox. In a Nov. 9 decision, U.S. District Judge David…...
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Q3: Big Five Insurers Post Positive Results, But Struggle on Exchanges
Source: FierceHealthcare Now that the "big five" U.S. health insurers have all released their third-quarter earnings, it's clear that while the companies reported plenty of positive news, most are experiencing challenges in the individual market. Here's a brief rundown of some of the highlights from the country's major payers, four…...
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Statement from Philidor Rx Services
Source: PR Newswire From day one, Philidor has been focused on providing patients the medication their doctors say they need quickly and efficiently. We remain steadfast that Philidor has adhered not only to all applicable laws but to the highest standards of ethical business practice. Despite Philidor's best efforts to…...