The all-stock deal comes as the generic-drug industry struggles with falling prices. Source: NYT > Business – Michael J. de la Merced
Pfizer Is Said to Plan a Deal for Its Off-Patent Drugs Unit
The drug company is near an agreement to combine the division, which includes Viagra and Lipitor, with the pharmaceutical company Mylan. Source: NYT > Business – Michael J. de la Merced and Katie Thomas
Day Care and Dog Care Helped Plump These Funds’ Returns
Three of the second quarter’s better-performing mutual funds found winning investments in industries as varied as child care, animal health and banking. Source: NYT > Business – Tim Gray
Elizabeth Warren Calls on Former F.D.A. Chief to Quit Pfizer Board
The Democratic presidential candidate rebuked Dr. Scott Gottlieb, saying his decision to align with a major drug company “smacks of corruption.” Source: NYT > Business – Sheila Kaplan
Generic Drugmakers Conspired to Inflate Prices Up to 1,000%, State Prosecutors Say
Over golf outings and at dinners, more than a dozen competitors agreed to keep prices for H.I.V., asthma and cancer drugs artificially high, 44 states allege in a new lawsuit. Source: NYT > Business – HEATHER MURPHY