OxyContin maker, insurer settle legal-bill dispute

Article Abstract:

Purdue Pharma L.P. of the United States has a confidential settlement with its insurer Steadfast Insurance Co. also of the United States. Under the settlement the insurance company will pay only $200 million in defense costs instead of $400 million. The costs were due to consumer claims that the OxyContin drug was addictive.

Fire, marine, and casualty insurance, Property and casualty insurance industry, Purdue Pharma L.P., Steadfast Insurance Co.

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Glaxo and Mylan settle patent dispute over Paxil

Article Abstract:

UK pharmaceutical firm GlaxoSmithKline PLC and US generic drugs manufacturer Mylan Inc. have settled a case over the patent for Paxil CR, an antidepressant drug. Mylan will obtain the right to market paroxetine hydrochloride, a generic version of the Glaxo drug, by Oct. 1, 2008. Both companies have dropped all litigation.

Other Justice, Public Order, and Safety Activities, Patents & copyrights, Patent Law, Intellectual property, Paroxetine, Mylan Inc., Paxil CR (Medication)

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Shareholders sue Glaxo over Avandia disclosure

Article Abstract:

Shareholders of British pharmaceutical company GlaxoSmithKline PLC have sued the firm in a New York federal court, claiming it misled them regarding the safety of Avandia, a diabetes drug. The suit states that Glaxo did not inform investors that an analysis had linked the drug to an elevated risk for heart attacks.

Financial management, Stockholder Suits, Complications and side effects, Investor relations, Avandia (Medication), Stockholders' derivative actions, Shareholder lawsuits

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