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NEW YORK: Insys Therapeutics Inc, grappling with the prospect of bankruptcy after its founder was convicted on racketeering charges, agreed to pay US$225mil to settle US claims that the drug maker illegally sold opioid-based painkillers.
NEW YORK: The prominent short-seller Andrew Left has sued Tesla Inc and its Chief Executive Elon Musk, saying Musk fraudulently engineered his since-abandoned plan to take Tesla private to "burn" investors hoping the electric car company's stock price would fall.
NEW YORK: Hedge fund managers at the high-profile 2018 Sohn Investment Conference in New York pitched stock ideas on Monday that they said should benefit from the growing clout of the millennial generation, ranging from online food ordering to homebuilders.
NEW YORK: Martin Shkreli, the pharmaceutical entrepreneur vilified as the "pharma bro" for raising the price of a life-saving drug by 5,000 percent, will go on trial on Monday for what U.S. prosecutors called a Ponzi-like scheme at his former hedge fund and a drug company he once ran.
BOSTON: Billionaire investor William Ackman walked away from Valeant Pharmaceuticals International Inc on Monday with a loss of more than $3 billion as he sold his entire stake in the struggling drug company after trying to rescue it for some 18 months
NEW YORK: US President-elect Donald Trump's plan to incentivise US companies to repatriate their swelling overseas cash piles could spur a new wave of dealmaking in a pharmaceutical industry seeking to buy its way into growth.
NEW YORK: Pfizer Inc, beating out numerous other bidders, said it would buy US cancer drug company Medivation Inc for US$14bil (RM56.3bil) in cash, adding its blockbuster prostate cancer drug Xtandi to the company’s growing oncology roster.
New York: Pfizer Inc is in advanced talks to acquire US cancer drug company Medivation Inc for close to US$14 billion, as it seeks to boost its oncology portfolio, people familiar with the matter said on Sunday.