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Interview with Margaret Hamburg, commissioner of the Food and Drug Administration

Highlights PRESCRIPTION DRUG ABUSE  Hamburg downplayed suggestions that the agency might remove a heavily criticized painkiller from the market if a harder-to-abuse version becomes available. She said better abuse-deterrent formulas are needed to prevent abusers from chewing, snorting or injecting pain relievers to get high. “We feel very strongly that the current technologies available are

Big Big Pharma: Pfizer raises bid for AstraZeneca to $117 billion

 U.S. drugmaker Pfizer said on Sunday it had raised its offer for British rival AstraZeneca to 69.3 billion pounds ($116.6 billion), or 55 pounds a share, and would walk away if AstraZeneca did not accept it. Pfizer wants to create the world’s largest drugs company, with a headquarters in New York but a tax base

Feds seize $150M in Hezbollah terror probe


    The feds seized $150 million today as part of a probe into alleged money-laundering by a since-defunct bank on behalf of the Hezbollah terror group. The funds represent proceeds of an elaborate scheme allegedly perpetrated by the Lebanese Canadian Bank to funnel illegal drug proceeds to Hezbollah. According to the Manhattan US Attorney’s