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Study: Crestor not as effective as hoped
AP   Monday, 26 March 2007
AP - AstraZeneca PLC's Crestor cholesterol drug slowed thickening in the neck arteries of people at low risk for heart attacks and strokes, but it failed to reverse thickening as researchers had hoped for.
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CVS completes acquisition of Caremark Rx
AP   Thursday, 22 March 2007
AP - Drugstore chain operator CVS Corp. said Thursday it has completed its $26.5 billion acquisition of pharmacy benefits manager Caremark Rx Inc.
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A pharmacy in this neighborhood? Are you crazy?
Reuters   Thursday, 22 March 2007

Pharmacist Susan Lattier checks donated drugs from local nursing homes and hospitals at the non-profit Over the Rhine Pharmacy in the Crossroad Health Center in Cincinnati, Ohio March 8, 2007. The nation's first not-for-profit pharmacy is located in Over-the-Rhine, Cincinnati's most notorious neighborhood -- one that is more blighted by boarded-up buildings than blessed with brand new businesses. (John Sommers II/Reuters)Reuters - Since January, Patricia Roberts has had access to something that many of the poorest people in the United States can only dream of: a pharmacy in her neighborhood.


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Global pharmaceutical sales up 7 pct.
AP   Wednesday, 21 March 2007
AP - Global pharmaceutical sales rose 7 percent to $643 billion last year, fueled by strong international demand for cancer treatments and robust growth in the U.S. market spurred by the Medicare drug benefit, a report released Tuesday said.
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Ranbaxy reportedly drops buyout bid
AP   Tuesday, 20 March 2007
AP - India's Ranbaxy Laboratories Ltd. has withdrawn its bid for the generic drug unit of German pharmaceutical company Merck KGaA because it was found to be overvalued, a person familiar with the deal said Tuesday.
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Caremark says shareholders back CVS deal
AP   Saturday, 17 March 2007

Customers take advantage of the drive through pharmacy window outside a CVS drug store in a Bainbridge Twp., Ohio file photo from Aug. 3, 2006. Shareholders of drugstore chain CVS Corp. voted Thursday, March 15, 2007 to approve a deal to purchase pharmacy benefits manager Caremark Rx Inc. for about $26.5 billion in cash and stock. (AP Photo/Amy Sancetta, File)AP - Caremark shareholders approved a $26.5 billion acquisition by CVS on Friday, creating one of the largest competitors in the prescription drug industry, the company said.


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CVS finally wins Caremark for $24 bln
Reuters   Saturday, 17 March 2007

A pedestrian walks past a CVS drugstore in Boston, November 1, 2006. Caremark Rx Inc. shareholders on Friday approved a $24.3 billion takeover offer from drug-store chain CVS Corp., effectively ending a months-long takeover fight with Express Scripts Inc. for the rival pharmacy benefits manager. (Brian Snyder/Reuters)Reuters - Drug-store chain CVS Corp. won the battle to buy Caremark Rx Inc. on Friday, as the pharmacy benefit manager's shareholders approved the $24 billion deal, thwarting a higher bid from Caremark rival Express Scripts Inc.


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MSF condemns US drugmaker's ban in Thailand
AFP   Friday, 16 March 2007

A pharmacist dispences Kaletra, an AIDS drug, in 2006. Aid charity Medecins sans Frontieres (MSF) has condemned a US drugmaker's decision not to sell new medicines in Thailand, which is at loggerheads with Western pharmaceutical giants over generic drugs.     Chicago-based Abbott Laboratories said this week it would not market new drugs in Thailand in protest at the army-backed government's decision to override the patent on Abbott's anti-AIDS drug Kaletra.(AFP/File/Geoff Robins)AFP - Aid charity Medecins sans Frontieres (MSF) has condemned a US drugmaker's decision not to sell new medicines in Thailand, which is at loggerheads with Western pharmaceutical giants over generic drugs.


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Calpers wants reform at Marsh, Lilly, 9 other companies
Reuters   Friday, 16 March 2007
Reuters - Insurance broker Marsh & McLennan , drug company Eli Lilly and nine other companies need to improve their "dismal stock performance" and "poor governance practices," the biggest U.S. pension fund said on Thursday.
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Caremark shareholders vote Friday
AP   Friday, 16 March 2007

Customers take advantage of the drive through pharmacy window outside a CVS drug store in a Bainbridge Twp., Ohio file photo from Aug. 3, 2006. Shareholders of drugstore chain CVS Corp. voted Thursday, March 15, 2007 to approve a deal to purchase pharmacy benefits manager Caremark Rx Inc. for about $26.5 billion in cash and stock. (AP Photo/Amy Sancetta, File)AP - After months of arguments from rival bidders, Caremark shareholders will decide Friday whether to accept the CVS offer favored by managers or hold out for the chance to be taken over by Express Scripts.


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CVS holders approve deal, Caremark vote tomorrow
Reuters   Friday, 16 March 2007

A pedestrian walks past a CVS drugstore in Boston, November 1, 2006. Shareholders of CVS Corp., the No. 2 U.S. drugstore chain, on Thursday approved the company's $23.9 billion plan to buy pharmacy benefits manager Caremark Rx Inc. (Brian Snyder/Reuters)Reuters - Shareholders of CVS Corp. , the No. 2 U.S. drugstore chain, on Thursday approved the company's $23.9 billion plan to buy pharmacy benefits manager Caremark Rx Inc. .


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