J&J Unit to Develop Blood Test to Find Cancer Cells

Teaming with Massachusetts General Hospital and others, J&J’s Veridex is developing a novel method of isolating cancer cells from a patient’s bloodstream. If successful, the blood test could ultimately replace more invasive and…

General Electric to Invest $2 Billion in China

The conglomerate said Tuesday that it plans to invest more than $2 billion in China through 2012 in research and development, technology and financial services partnerships. The move marks GE’s “confidence in China’s long-term …

Novartis Discontinues Two Drug Development Programs

Swiss pharmaceutical company Novartis announced Tuesday that it had discontinued the development of two drugs — the hepatitis C treatment Zalbin, and antifungal agent Mycograb. The company will take impairment charges of appro…