Bayer’s $9.5 billion bid to acquire Roche’s U.S. drug unit is an ‘absolute disaster’

Bayer’s bid to buy U.K.-based Roche, one of the world’s largest drugmakers, is a “total disaster,” according to a report released Monday.The company is also seeking to take over Pfizer’s drug division.The report, titled “Bayer’s Roche bid to take Pfizer drug unit off the shelf” by the Washington Post’s Paul Farhi, says that the deal…

Rakuten launches new anti-malaria drug Rakuten 3, a generic competitor for a Japanese drug

Rakuten, the world’s largest Japanese online retailer, has launched a generic rival to an anti-viral drug from Japan’s drug maker Rakuten Pharma.Rakuten has raised $1 billion to acquire the rival drug company, a subsidiary of the worlds largest pharmaceutical company.Rakuteon, which will sell generic versions of its Rakuten drug, is based in Osaka, Japan, according…

How to Survive an Unfair Drug Price Fight

How do you fight against the drug prices gouging of drug companies?Well, the best way is to find the drug’s manufacturer and negotiate a price with them.The problem is, some drug companies are very quick to take advantage of this tactic.The latest example is Tetraphase Pharmaceuticals, which is in a war with another company, Salarius…

Valeant Pharmaceuticals stock drops as pharma stocks rally

VALEANT, Ohio — Valeant Pharmaceutical and its chief executive, Peter Vessenes, have announced the appointment of former New York City Mayor Michael Bloomberg as the company’s new CEO.Bloomberg, who served as New York’s mayor from 1994 to 2002, has been in private equity since 2013 and previously served as chief operating officer of the global…

Zynerba Pharmaceuticals stock price hits all-time high

Catalyst Pharmaceuticals (zynerbac) is up 12% in premarket trading on Friday, bringing its market cap to $19.5bn.The stock has been trending up since the start of the year.The company announced in January that it was launching a treatment for a rare and aggressive form of cancer called Rheumatoid Arthritis.The company has also announced it will…

How to keep your medical device costs low and stay healthy with this simple step-by-step guide

There’s a growing body of evidence that patients who take medication are far more likely to survive and thrive in the long run than those who do not.But what if the medication itself isn’t so effective?The U.S. Food and Drug Administration has proposed regulations for new medications that will set the standard for quality of…

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