Bloomberg News | A U.S. audit shows that Medicare spent some $3 million on Viagra and other erectile dysfunction drugs in 2007 and 2008. The purchases violate a 2005 ban on covering some drugs for the elderly.
Inside these posts: Viagra
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Wyeth purchase lifts, slams Pfizer 3Q results
Pharmaceutical giant Pfizer Inc.’s mega-acquisition of Wyeth boosted its third-quarter revenue 39 percent, but hefty charges and a higher tax rate, both related to that $68 billion purchase, dragged its profit down 70 percent, the company said Tuesday.
The New York-based maker of cholesterol blockbuster Lipitor and impotence pill Viagra posted net income of $866 million, or 11 cents per share. That’s down from $2.88 billion, or 43 cents per share, a year earlier. Get the full story »
Use of Viagra form for kids’ lung disease weighed
From Bloomberg News | Only devising a test protocol stands in the way of a version of Pfizer’s Viagra being used to treat a rare lung disorder in children. A Food and Drug Administration panel will meet Thursday to discuss it.
