Biotech Firm Does It Cheaper, Just Like Other Chinese Companies (Investor's Business Daily)

Investor's Business Daily - The biotech industry isn't just a U.S. phenomenon. Yep, China has one, too, and it's growing about 20% a year.

GlaxoSmithKline to slash costs, jobs as profits drop (AFP)

AFP - British pharmaceutical giant GlaxoSmithKline said Wednesday it would cut jobs and costs as it blamed a fall in third-quarter profits on sliding sales of controversial diabetes drug Avandia.

Merck tops expectations, Schering misses (AP)

AP - Pharmaceutical companies Schering-Plough Corp. and Merck & Co. posted strong sales Monday from their joint venture on cholesterol drugs, but otherwise their third-quarter earnings reports — and investor reaction — were strikingly different.

Angiotech Pharma warns of Q3 loss on lower revenue, stock sinks (Canadian Press)

Canadian Press - VANCOUVER - Shares in Angiotech Pharmaceuticals Inc. (TSX:ANP) fell 25 per cent Friday morning as the company warned of a third-quarter loss, blaming a delay in revenue from new medical products, and also trimmed its full-year outlook.

Dems: Override children's health veto (AP)

AP - Democratic Sen. Max Baucus of Montana asked his colleagues on Saturday to override President Bush's veto of legislation that would expand a popular children's health insurance program.

Round 2 in Medicare fight upcoming (AP)

AP - Call it the health insurance companies and nursing homes versus doctors and the AARP, a classic, inside-the-Beltway struggle that erupted when House Democrats sought changes to Medicare.

Five states to sue U.S. over child health plan (Reuters)

Reuters - Five states said on Monday they will
sue the federal government to block new rules governing a
children's health insurance program that they fear will force
them to drop some children.

Nation - Monday (Investor's Business Daily)

Investor's Business Daily - Eight states will back a lawsuit to stop the U.S. gov't from imposing new rules that they fear will force them to cut children from state health insurance programs, New York Gov. Eliot Spitzer said. Congress OK'd a greatly expanded State Children's Health Insurance Program, but the bill would restrict how states could implement it. The states contend that could leave some children without insurance. Bush has vowed to veto the bill.