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Novartis IBS drug rejected in Europe

The decision follows an appeal procedure undertaken by Novartis in December 2005 after the Committee for Medicinal Products for Human Use (CHMP) recommended that the European Commission not

Bayer set to win race for Schering

Merck pulled out of the bidding for its German rival saying that an offer in excess of Bayer’s E16.3 billion, or E86 per share, would not be justified.

CV Therapeutics launches angina drug

Ranexa is approved as second-line treatment for chronic angina and has antianginal and anti-ischemic effects that do not depend upon reductions in heart rate or blood pressure. “This