pharmaceutical companies

(Newser) - The company that makes OxyContin pleaded guilty today to misleading the public about the effects of the potent painkiller. Purdue Pharma and three executives will pay $634.5 million in civil and criminal fines. Federal prosecutors accused the firm of "misbranding" the drug, marketing it as a less addictive...

(Newser) - Doctors are paid millions of dollars by drug companies to give their patients anemia medicine which regulators now say may be dangerous. Spurred by competiton between several similar drugs, companies reward doctors with rebates, which allow them to make a significant profit, the New York Times reports.

(Newser) - The battle over genetic modification has a new player: "pharming," or pharmaceutical farming, which uses genetically modified plants to mass-produce drug compounds relatively inexpensively. By altering common plants—for instance, tobacco, which can be engineered to produce an HIV drug—researchers say pharming could transform the treatment of...

(Newser) - Pharma behemoth Merck is defending what it touted as a miracle cervical-cancer vaccine against charges of ineffectiveness. Merck lobbied states to mandate Gardasil for young girls—Texas and Virginia did—and got a glowing endorsement from the CDC. But new studies show that it works only to prevent sexually-transmitted HPV,...