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Cost of This Drug in 2013: $138. Cost Now: $2,979

Horizon Pharma's Vimovo just saw latest price hike, but maker says most will pay less than $10

(Newser) - A painkiller that cost $138 a bottle less than five years ago now hovers at close to $3,000—the latest price hike to put the pharmaceutical industry in the spotlight. CNNMoney reports Horizon Pharma's latest increase on Vimovo, which has seen nearly a dozen such rate rises since... More »

Pfizer Walks Away From AstraZeneca Takeover Bid

Drops offer to purchase drug company

(Newser) - Pfizer says it does not intend to make a takeover offer for British drugmaker AstraZeneca. Today's announcement comes a week after AstraZeneca's board rejected a proposed $119 billion buyout offer from Pfizer, the world's second-biggest drugmaker by revenue. Pfizer Chairman and CEO Ian Read says the company'... More »

Disgraced Doctors Land at Big Pharma

Hundreds of pitchmen found to have blemished records

(Newser) - Pharmaceutical companies say they hire highly respected doctors as their white-coat sales force, peddling their drugs to other physicians. But a Pro Publica investigation has discovered that hundreds of these pitchmen have been accused of professional misconduct, been disciplined by state boards, or lacked credentials. Medical board records in the... More »

Swedes Launch Nobel Prize Bribery Probe

Drug firm accused of influencing this year's pick in medicine

(Newser) - Swedish prosecutors are investigating claims of corruption in the awarding of this year's Nobel Prize in medicine, the Toronto Star reports. German scientist Harald zur Hausen won part of the prize for discovering the link between human papilloma viruses and cervical cancer. The discovery could make a fortune for drug... More »

Colon Cancer Gene Discovered

Cancer growth gene identified

(Newser) - Researchers have discovered a key gene that may contribute to the growth of colon cancer and could provide a target for new therapies, Bloomberg reports. The gene, CDK8, controls a cell growth switch that researchers think might spur the development of many tumors. The discovery may help up to 50%... More »

Beta Blockers 'Killing Patients'

Research uncovers dire effects of pre-surgery drug

(Newser) - Beta blockers routinely given to patients before surgery do far more harm than good, with patients 35% more likely to die within a month than those given a dummy pill, according to a study reported in the Lancet.  While the blood pressure drugs did cut the number of heart... More »

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