J&J Recalls Rolaids Over Metal, Wood Particles

Johnson & Johnson (JNJ) is recalling packages of Rolaids medicines distributed in Canada after consumers complained of finding materials including particles of metal and wood in the products.

McNeil Consumer Healthcare, a unit of Johnson & Jo…

Congress Again Postpones Medicare Pay Cuts for Doctors

For the fifth time this year, Congress has voted to postpone steep Medicare pay cuts for doctors. The latest vote gives doctors a year’s reprieve from the 25% pay cut, which some have said would keep them from accepting new Med…

Johnson & Johnson Subsidiary Loses First Levaquin Lawsuit

On Wednesday, a Minneapolis jury ordered Johnson & Johnson subsidiary Ortho-McNeil-Janssen Pharmaceuticals to pay an 87-year-old man $1.7 million because its antibiotic Levaquin damaged his Achilles tendons. It was the first ve…

Johnson & Johnson Launches Offer for Crucell

As part of its efforts to expand into the biotech market, Johnson & Johnson is making a long-anticipated bid for Dutch vaccine maker Crucell — in spite of Crucell’s recent manufacturing troubles.
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FDA Panel Backs Orexigen’s Diet Pill

After the U.S. Food and Drug Administration rejected two other weight-loss pills earlier this year, an advisory panel has recommended the approval of Orexigen Therapeutics’s Contrave. If the FDA follows the recommendation, Cont…