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Federal health regulators have decided not to approve an experimental diet pill called Qnexa, which had been touted by many experts as the most promising weight-loss drug in more than a decade.
Pfizer Inc, the world's biggest drugmaker, has agreed to buy King Pharmaceuticals Inc for $3.6 billion, expanding its presence in the market for pain drugs.
Johnson & Johnson's massive recall of faulty medicines, including a quiet buyback of its Motrin painkiller, has angered U.S. lawmakers who will question the company's chief executive and a senior health regulator on Thursday.
U.S. government health regulators will allow GlaxoSmithKline to continue selling a controversial diabetes pill but will restrict access to the once-blockbuster drug because of heart attack risks.
Jazz Pharmaceuticals has proposed measures to reduce the chances of abuse or errors in drug designed to treat fibromyalgia, a disorder that causes pain and fatigue.
A pair of studies suggests that the common painkiller acetaminophen -- better known as Tylenol in the U.S. -- may be fueling a worldwide increase in asthma.
Johnson & Johnson provided additional details on Friday about its two most recent recalls of Tylenol and other over-the-counter drugs, saying the actions on Thursday and June 15 involved a total of about 3 million bottles of the medicines.
The maker of Benadryl and Tylenol has added five lots of the popular over-the-counter drugs to its growing list of recalled products, McNeil Consumer Healthcare announced Wednesday in a written statement.