News and Events - 23 Feb 2012

Risk Of Seizures May Increase With Swap To Generic Antiepileptic Drugs

21.02.2012 11:00:00

The substitution of brand-name antiepileptic drugs with cheaper generic equivalents has been an ongoing point of contention among doctors, federal officials and people with epilepsy. The U.S. Food and Drug Administration claims generic antiepileptic drugs have the same dosage, purity and strength as their brand-name counterparts and the two are interchangeable...

Generic Drugs: Information for Industry

21.02.2012 21:30:00

News and Announcements updated

Mylan's Fourth Quarter Net Income Soars

22.02.2012 15:56:32

Drug maker Mylan's fourth quarter net income soars [The Pittsburgh Tribune-Review] From Pittsburgh Tribune-Review (PA (February 22, 2012 Feb. 22--Generic drug maker Mylan Inc. said it earned $129.5 million, or 30 cents a share, in the fourth...

New and Generic Drug Approvals

21.02.2012 23:27:00

Drug Approval Listing

Hindgra tablets

22.02.2012 0:53:18

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Propofol maker Teva to pay $250 million to settle Nevada lawsuits - ReviewJournal.com

21.02.2012 23:19:00

Teva Pharmaceutical Industries will pay more than a quarter-billion dollars to settle close to 200 lawsuits stemming from Southern Nevada's hepatitis C outbreak.

The international generic drug-making giant reached an agreement late last week to settle with 41 plaintiffs represented by lawyers Robert Eglet and Will Kemp, who were in the middle of their third trial against Teva.

"It's been resolved," Kemp said.

The agreement was reached after several long days of talks under the direction of Chief District Judge Jennifer Togliatti.

Teva had previously settled about 120 cases, including those being handled by lawyers Ed Bernstein and Gerald Gillock.

The company had paid or set aside about $270 million to cover the lawsuits filed in Nevada, according to a Friday filing with the U.S. Securities and Exchange Commission.

The company will pay another $15 million this financial quarter, Teva USA spokeswoman Denise Bradley said in an email.

via
lvrj.com

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Mylan reports strong 4th quarter, full year

21.02.2012 18:24:00

Generic drug maker Mylan Inc. this morning reported fourth-quarter net income rose to $129.5 million, or 30 cents per share, up from $2.6 million, or 1 cent, in the year-earlier period.