BUSINESS
By Hanah Cho, The Baltimore Sun | September 14, 2010
Columbia's W.R. Grace & Co. has agree to buy an Oregon-based chemical manufacturer for $19.2 million. The deal with Synthetech, announced late Monday, will allow Grace to expand its offerings to the pharmaceutical sector. Synthetech specializes in organic synthesis, biocatalysis and chiral technologies. The company, based in Albany, Ore., has 63 employees. The transaction has been approved by both companies' board of directors but is subject to approval by Synthetech shareholders and the U.S. Bankruptcy Court.
NEWS
By Gerard Anderson | September 6, 2009
Fifteen years ago, Harry and Louise were the voice of the health care industry opposed to health reform. Today, Harry and Louise have endorsed health care reform, and most of the health care industry is on board. And the pharmaceutical industry is now paying for advertisements promoting health reforms. What gives? Perhaps the industry has a canny ability to negotiate secret deals to protect its interests. We need to know the price we are paying. For example, the pharmaceutical industry appears to have negotiated a secret deal to provide $80 billion in alleged savings over the next 10 years.
BUSINESS
By Tom Hamburger and Tom Hamburger,Tribune Washington Bureau | August 14, 2009
WASHINGTON - -As a candidate for president, Barack Obama criticized drug companies and the influence they wield in Washington. He ran a TV ad targeting the industry's chief lobbyist, former Louisiana Rep. Billy Tauzin, and the role Tauzin played in preventing Medicare from negotiating lower drug prices. Since the election, Tauzin has morphed into the president's partner. He has been invited to the White House a half-dozen times in recent months. There, he says, he secured an agreement that the administration would not try to overturn the Medicare drug policy that Obama had criticized.
NEWS
By Christopher Lane | July 26, 2009
It's amazing what an hour of aimless channel surfing can turn up these days. After some freewheeling with the remote one night recently, I managed to catch not only half a dozen low-budget makeover shows but also three ads for FDA-approved pharmaceuticals: one for depression, another for premenstrual dysphoric disorder and a third for inadequate eyelash syndrome - sorry, "eyelash hypotrichosis." Prescription treatment for "longer, thicker and darker lashes?" Fellow Americans, have we lost our minds?
NEWS
By Nicole Fuller and Nicole Fuller,SUN REPORTER | April 7, 2008
Charles Sumner Dawson, a pharmaceutical researcher and World War II veteran who lived most of his life in Baltimore County, died of heart failure Thursday. He was 87. Mr. Dawson was born in Scranton, Pa., the eldest of three children. His father, an executive for an electric company, died when Mr. Dawson was 5 years old, after a bout with the flu. His mother remarried a few years later. Mr. Dawson grew up in the western suburbs of Philadelphia, referred to as the "main line," and later graduated from Lower Merion High School.
NEWS
By Ricardo Alonso-Zaldivar and Ricardo Alonso-Zaldivar,LOS ANGELES TIMES | May 8, 2007
WASHINGTON -- The Senate, clearing the way for action on a major overhaul of the government's troubled drug safety system, has sidetracked a controversial amendment that would have let Americans buy medicines from foreign suppliers but threatened to stall action on the larger bill. The drug import measure, which was tacked onto the FDA overhaul, could have saved consumers billions of dollars, its sponsors said. But the pharmaceutical industry has argued that pharmacies risk being flooded with counterfeit drugs.