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Biovail, Melnyk misled investors, OSC argues

TORONTO - Biovail Corp and its founder were so worried in 2003 that the drug company's quarterly results would not meet targets that they fabricated the effects of a fatal truck crash that destroyed a shipment of drugs, Canada's main securities regulator said on Wednesday.
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China tries charm to convince world its goods safe

China went on a charm offensive on Wednesday to convince a skeptical world its products are safe, as a new poll in the United States found 78 percent of Americans were worried about the safety of Chinese goods.
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Glaxo diabetes drug should stay on market: U.S. panel

GlaxoSmithKline Plc's diabetes drug Avandia should stay on the U.S. market, even though data suggest it may increase the risk of a heart attack for some patients, an advisory panel said on Monday in a 22-1 vote.
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FDA scientist says pull Avandia

GlaxoSmithKline Plc's widely used diabetes drug Avandia should be pulled off the market, U.S. Food and Drug Administration scientist David Graham said in a presentation prepared for delivery on Monday.
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FDA to ask if Avandia should stay on market

The U.S. Food and Drug Administration will ask outside advisers if GlaxoSmithKline Plc's diabetes drug Avandia should be taken off the market or remain on sale with new warnings or limits, a summary released on Thursday said.
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GSK Submits Tykerb for Market Approval

GlaxoSmithKine plc has announced today the submission of a New Drug Application to the United States Food and Drug Administration (FDA), for approval to market.
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US Approves Merck's Cervical Cancer Vaccine

The first vaccine to prevent cervical cancer won U.S. approval on Thursday when health officials cleared a Merck & Co. Inc. shot to block a sexually transmitted infection that causes the deadly disease.
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Bayer Not Seeking Pfizer Consumer Health Unit

German drugs and chemicals group Bayer is not currently considering a bid for Pfizer's consumer healthcare business, an industry source familiar with the matter told Reuters on Saturday.

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