Word: astrazeneca
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...Last fall, Grassley and Senator Herbert H. Kohl, a Wisconsin Democrat, introduced the Physician Payments Sunshine Act, which will require companies to report payments that they make to doctors. Legislation for the Sunshine Act, which has recently secured endorsements last month from pharmaceutical companies such as Eli Lilly, AstraZeneca, and Merck, is currently pending...
...Kroes said the probe was partly triggered by her 2005 fine on AstraZeneca of €60 million ($88m) after the Commission found the company had delayed market entry of a rival ulcer drug by misleading authorities over the expiration of its patent...
...Foreign drugmakers are happy to oblige. Both U.K.-based AstraZeneca and Swiss outfit Novartis have announced plans to spend $100 million on new R&D labs in Shanghai. In June, the U.S.'s Eli Lilly pledged to spend $300 million within the next five years. Britain's GlaxoSmithKline started 17 drug trials in 2006 and plans to double that number this year...
Vasella knows, though, that he can't insulate Novartis from the rising public rebellion against drug prices. According to the advocacy group Families USA, prices of such branded drugs as Novartis' Miacalcin and AstraZeneca's Prilosec have grown at twice the rate of inflation, even as government controls have kept the same prescriptions much cheaper in most other countries. Patients in the U.S.--who account for roughly half the drug industry's annual global revenues of $364 billion--are howling, and they are getting heard in Congress. But so is Vasella, who employs 19,000 Americans and recently opened...
...mostly voluntary. A 2005 study by the Deloitte Center for Health Solutions found that at most companies, less than half of employees participated. That's where the carrots and sticks come in. While employers like Kaiser Permanente dangle cash incentives for workers who submit to health evaluations, others, like AstraZeneca, threaten higher premiums for not taking part. Scotts Miracle-Gro has gone so far as to fire a worker for smoking; he has since filed a federal lawsuit charging discrimination. Worthington CEO McConnell says he would never fire a worker for poor health, maybe because he's no Lance Armstrong...