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CVS files registration statement for Caremark deal
Reuters   Wednesday, 20 December 2006

A pedestrian walks past a CVS drugstore in Boston, November 1, 2006. CVS Corp. filed a registration for its proposed acquisition of Caremark Rx Inc. on Tuesday, a day after pharmacy benefits manager Express Scripts Inc. swooped in with a higher offer. (Brian Snyder/Reuters)Reuters - CVS Corp. filed a registration for its proposed acquisition of Caremark Rx Inc. on Tuesday, a day after pharmacy benefits manager Express Scripts Inc. swooped in with a higher offer.


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Genmab's deal with Glaxo worth up to $2B
AP   Tuesday, 19 December 2006
AP - Danish biotech Genmab A/S on Tuesday signed a deal worth up to $2.1 billion with pharmaceutical company GlaxoSmithKline PLC for the global commercialization of a leukemia treatment.
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Express Scripts' bid for Caremark could trigger fight
USATODAY.com   Tuesday, 19 December 2006
USATODAY.com - Pharmacy benefits manager Express Scripts said Monday that it is offering to buy rival Caremark RX for about $26 billion, threatening to break up an offer made last month by drugstore chain CVS Corp.
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Express Scripts makes 26 bln dlr counteroffer for Caremark
AFP   Monday, 18 December 2006

Alice Richards looks over a list of reduced price prescription drugs at the Wal-Mart pharmacy in Clearwater, Fla., in September 2006. The US healthcare company Express Scripts offered 26 billion dollars in cash and shares Monday for drug distributor Caremark Rx, topping a 21-billion-dollar offer by the pharmacy chain CVS.(AFP/File/Robert Sullivan)AFP - US healthcare company Express Scripts announced a 26-billion-dollar counteroffer for drug distributor Caremark Rx, besting a 21-billion-dollar bid by the CVS pharmacy chain.


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Express tops CVS with $26 bln offer for Caremark
Reuters   Monday, 18 December 2006

A pedestrian walks past a CVS drugstore in Boston, November 1, 2006. U.S. pharmacy benefits manager Express Scripts Inc. said on Monday it was offering to buy rival Caremark RX for about $26 billion, threatening to break up a deal struck last month with drugstore chain CVS Corp. (Brian Snyder/Reuters)Reuters - U.S. pharmacy benefits manager Express Scripts Inc. said on Monday it was offering to buy rival Caremark RX for about $26 billion, threatening to break up a deal struck last month with drugstore chain CVS Corp. .


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Express Scripts bids $26B for Caremark
AP   Monday, 18 December 2006
AP - Pharmacy-benefit manager Express Scripts Inc. launched a $26 billion bid Monday for its larger competitor Caremark Rx Inc., potentially scuttling a competing offer from drug chain CVS/pharmacy.
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Eli Lilly raises offer for Icos to $2.3 billion
Reuters   Monday, 18 December 2006

The Eli Lilly and Co. corporate center in Indianapolis is seen in an undated file photo. Icos Corp.'s board said on Monday it had agreed to a sweetened takeover offer from Eli Lilly and Co. of $34 per share in cash, up from a previous offer of $32 per share. (Eli Lilly and Company/Handout/Reuters)Reuters - Bowing to pressure from an Icos Corp. shareholder, Eli Lilly and Co. said on Monday it has increased its offer for the biotechnology company to $2.3 billion from an earlier bid of $2.1 billion.


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Lilly encouraged off-label Zyprexa use: paper
Reuters   Monday, 18 December 2006

Eli Lily's Zyprexa medication is seen in an undated file photo. Eli Lilly has encouraged primary care physicians to use Zyprexa, a powerful drug for schizophrenia and bipolar disorder, in patients who did not have either condition, the New York Times reported on its Web site on Monday, citing internal Lilly marketing materials. (Eli Lilly and Company/Handout/Reuters)Reuters - Drug company Eli Lilly has encouraged primary care physicians to use Zyprexa, a powerful drug for schizophrenia and bipolar disorder, in patients who did not have either condition, the New York Times reported on its Web site on Monday, citing internal Lilly marketing materials.


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Report: Eli Lilly Said to Play Down Risk
AP   Monday, 18 December 2006
AP - Eli Lilly and Co. has downplayed for about 10 years the risks associated with Zyprexa, which treats schizophrenia, The New York Times said on its Web site Sunday, citing internal documents from the drug maker and e-mail messages of its managers.
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IBM develops technology to check drug authenticity
Reuters   Saturday, 16 December 2006

A lab worker displays pills in an undated file photo. IBM said on Friday it has developed technology to help drug distributors, manufacturers and retailers prevent counterfeit drugs from making their way into the market. (File/Reuters)Reuters - IBM said on Friday it has developed technology to help drug distributors, manufacturers and retailers prevent counterfeit drugs from making their way into the market.


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FDA needs to watch drugs ads more closely: report
Reuters   Friday, 15 December 2006
Reuters - The U.S. Food and Drug Administration needs to more closely regulate direct-to-consumer advertising of prescription drugs, the Government Accountability Office said on Thursday.
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