Merck Pays $688 Million To Resolve Vytorin Lawsuits
Merck has agreed in principle to pay $688 million to settle two federal securities class-action lawsuits involving the company's anticholesterol drugs Vytorin and Zocor, thereby avoiding trial.
Mylan, Biocon Form Pact to Develop and Commercialize Insulin Products
Mylan has entered into a definitive agreement with Biocon Limited, an Indian biotechnology company, for an exclusive collaboration on the development and commercialization of generic versions of three insulin analog products.
Sanofi Invests EUR 44 Million in Genzyme Campus
Sanofi is investing EUR 44 million ($58.7 million) in Genzyme’s biotechnology campus in Waterford, Ireland.

President Obama Plans for Healthcare Reform and Job Growth
President Obama’s State of the Union Address on Feb. 12, 2013 touched on some issues that may directly impact the pharmaceutical industry: healthcare reform, innovation, and job creation.

Modernization of USP Standards
The US Pharmacopeial Convention contiues to make modernization of standards a top priority in 2013.

Balancing Medicines Supply with Quality
According to FDA, 75% of the products in shortage are generic sterile injectables; low-margin products that must be manufactured in specialized facilities and that must meet stringent quality metrics.

EMA Seeks to Expand Collaboration on Orphan Medicines
The European Medicines Agency’s Committee for Orphan Medicinal Products (COMP) is seeking to expand its international cooperation in 2013.

Daiichi Sankyo Faces Gender Discrimination Lawsuit
Six current and former female pharmaceutical sales representatives have filed a $100-million gender discrimination lawsuit against Daiichi Sankyo in a US district court.

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