Biotechnology company Amgen Inc. said Wednesday lower costs in its research and sales units boosted third-quarter profit by 24 percent, despite a continued downturn in anemia drug sales.
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Eli Lilly & Co. said Wednesday it turned a profit in the third quarter as sales volume on several drugs climbed, but its newest drug and key source of future revenue started slowly.
Nurse Melody McKever administers a nasal spray dose of the H1N1/swine flu vaccine to Pediatrics Chairman Dr.
NEW YORK - Sanofi-Aventis is paying privately-held Wellstat Therapeutics Corp. up to $350 million under terms of a licensing deal for a potential diabetes drug, the companies said Wednesday.