BOSTON (Reuters) – Hedge fund mogul William Ackman has purchased a $3.3 billion stake in Valeant Pharmaceuticals International , making his firm the company's fifth-largest stakeholder, a source familiar with the matter said on Monday.
BOSTON (AP) — A compensation fund for victims of a nationwide fungal meningitis outbreak blamed on a tainted steroid has grown to $210 million.
This year will be a very significant year for women across the globe. The world will mark the 20th anniversary of the Fourth World Conference on Women in Beijing as well as the deadline for crafting the post-2015 agenda. Both events will involve conversations on women's rights including their right to live safely and freely of violence in…
The manufacturer of the scopes that spread a drug-resistant “superbug” to seven California patients had tweaked the scopes' design and was selling them without federal permission to do so, according to the Food and Drug Administration. Seven people have become infected with the drug-resistant “superbug” known as CRE at Ronald Reagan UCLA Medical Center after undergoing endoscopy procedures, and CRE may have played a role in two of those patients' deaths, hospital officials said in February, adding that 179 people were exposed to the germ at UCLA. The scopes — called duodenoscopes, which are inserted by mouth to access patients' small intestine, the pancreas and the liver — were new and had only been in use since June, health officials said last month. The hospital said it traced the bacteria back to two endoscopes manufactured by Olympus Corporation of the Americas.
The families of three victims slain during a southern California rampage last year that left dead six college students and the killer are suing the county, the sheriff's department and the apartment building where the victims were killed. The parents of George Chen, Weihan Wang, and Cheng-Yuan Hong filed the federal suit on Monday, alleging that the defendants failed to recognize signs that the attacker, 22-year-old Elliot Rodger, was a danger and take action. Rodger fatally stabbed the three men, two of whom were his roommates assigned by management at the Capri Apartments at Isla Vista, in the dwelling last May before fatally shooting three more people, wounding 14 others near the campus of the University of California at Santa Barbara, and killing himself. The lawsuit pointed to several “red flags,” including racist remarks Rodger made about previous roommates and other violent, erratic behavior, and alleged that the apartment managers did not investigate before assigning new roommates.
FREETOWN, Sierra Leone (AP) — Sierra Leone’s vice president has put himself in quarantine following the death from Ebola of one of his security guards.
U.S. customs officers at a California border crossing seized more than 15 tons of marijuana hidden inside a tractor-trailer shipment designated as a cargo of mattresses, the biggest narcotics bust ever at that port of entry, officials said on Friday.
A U.S. Centers for Disease Control and Prevention (CDC) advisory committee on Thursday recommended meningitis B vaccines for people at high risk aged 10 to 25, a population that Pfizer Inc and Novartis criticized as too narrow. Pfizer’s Trumenba, like Novartis’ new vaccine Bexsero, recently won U.S. marketing approval to treat the “B” strain of the deadly bacterium in that age group.
MIDDLETOWN, Conn. (AP) — Four Wesleyan University students were arrested Tuesday in connection with about a dozen hospitalizations among people who took a party drug known as Molly.
Valeant Pharmaceuticals International Inc will use its acquisitions of Salix Pharmaceuticals Ltd and assets of Dendreon Corp for smaller deals that fit into those businesses, Chief Executive Officer Michael Pearson said on Monday. Laval, Quebec-based Valeant on Sunday announced its largest-ever acquisition, the $10.1 billion cash purchase of Salix, known for its drug Xifaxan to treat irritable bowel syndrome.