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Healthcare

FTC seeks more information to review Bristol-Celgene's $74 bln planned merger

March 26 The U.S. Federal Trade Commission has sought additional information and documents from Bristol-Myers Squibb Co and Celgene Corp in connection with its review of their planned merger, Bristol-Myers said on Tuesday.

5:59pm IST

UPDATE 1-OxyContin maker Purdue agrees to settle Oklahoma opioid case, source says

March 26 Purdue Pharma LP has agreed to settle a lawsuit by the state of Oklahoma accusing the maker of painkiller OxyContin of helping fuel an opioid abuse epidemic, a person familiar with the matter said on Tuesday.

5:52pm IST

Aldeyra's eye drug meets main goal in late-stage study, shares surge

March 26 Aldeyra Therapeutics Inc said on Tuesday its drug reproxalap to treat a form of allergic reaction to the eye met the main goal in a late-stage trial, sending shares up more than 60 percent.

5:16pm IST

UPDATE 1-Merck KGaA goes hostile in $5.9 bln Versum takeover battle

FRANKFURT, March 26 German pharma group Merck KGaA on Tuesday sidestepped the management of takeover target Versum Materials and took its $5.9 billion offer directly to the U.S. chemical company's shareholders.

5:13pm IST

Merck KGaA makes takeover offer for Versum to shareholders

FRANKFURT, March 26 Germany's Merck KGaA on Tuesday said it made a full takeover bid to shareholders of Versum Materials for $48 per share, after a previous deal proposal for the same price was rejected by the U.S. target's management.

4:23pm IST
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Ex-McKinsey chief Rajat Gupta says he was in solitary for weeks in U.S. jail

NEW DELHI Rajat Gupta, one of the most prominent members of the global financial elite until he was convicted of insider trading in 2012, has revealed he was kept in solitary confinement for weeks during his incarceration in an American federal prison.