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EU investigates German drug companies over possible state aid

BRUSSELS (Reuters) - The European Commission opened an in-depth investigation on Wednesday into whether struggling German pharmaceutical companies have unfairly benefited from state aid. Full story

Forest Labs 1Q net income falls on loan charge

Forest Laboratories Inc. said Tuesday that its net income fell 58 percent in the fiscal first quarter after it wrote off a loan to another drug company. Its earnings excluding the write-off beat Wall Street estimates. Full story

News Summary: Novartis Q2 profit dips, ups outlook

PROFIT DOWN: Swiss pharmaceutical company Novartis AG posting a 5 percent net income drop in the second quarter. Full story

An Anti-Competitive Decision?

   The Supreme Court ruled today that the FTC can keep challenging "pay to delay" deals between pharmaceutical companies and generic drugmakers. CNBC Contributor Keith Boykin; Heather Higgins, Independent Women's Voice; and Doug Holtz-Eakin, American Acti...

Wall St. ends higher in late rebound

NEW YORK (Reuters) - Stocks rose on Monday as weaker-than-expected factory activity last month supported views that the Federal Reserve will need to keep economic stimulus in place, while gains in Merck & Co's <MRK.N> lifted drug companies. Full story

Faber Report: Valeant Agrees to Buy Bausch & Lomb

   CNBC's David Faber reports the Canadian pharmaceutical company is buying eye-care company Bausch & Lomb for $8.7 billion from Warburg Pincus.

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  'Pay For Delay' Case

The Supreme Court is taking on the "pay for delay" method used by big pharmaceutical companies, and pilots at American Airlines voted to ratify a new contract, reports CNBC's Brian Shactman.

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