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 Pharmaceutical Information - October 12, 2008
| The makers of a herbal dietary supplement are paying $23 million to settle a class action suit against them for falsely claiming their product can ward off germs and prevent the common cold and flu. The settlement by Airborne makers Victoria Knight McDowell, an elementary school teacher from Carmel, California, and her screenwriter husband Thomas Rider McDowell, includes refunds to consumers who bought the tablet and advertising placements in selected publications informing the public how to get the refund | | Vietnam has announced on Tuesday it will host its first-ever stem cell bank and will be launched on the last week of April in southern Ho Chi Minh City. A leading local scientist said Vietnam will establish a repository for stem cells from umbilical cord blood and umbilical cord membrane for the treatment of fatal diseases | | The U.S. Food and Drug Administration (FDA) is warning consumers not to swallow respiratory disease medications meant for inhalation after it received several reports related to it. Respiratory drugs Spiriva and Foradil capsules are used to ease breathing in patients with asthma and chronic obstructive lung disease. But FDA said it received several reports of the capsules being swallowed | | The Indian Patent Office is set to issue a landmark ruling over the petition of a local drug manufacturer to allow cheaper generic drugs especially for cancer patients for export to poor countries under the "compulsory license" rule. The case is attracting interest of giant drug manufacturers across the globe because it could open the floodgates for drug manufacturers to make copies of patented drugs | | A Nevada Court on Tuesday slashed by almost a third the $134.1 million jury award against Wyeth Pharmaceutical. Judge Robert Perry of Washoe County, Nev., reduced the award to Arlene Rowatt, Jeraldine Scofield and Pamela Forrester to about $57.6 million, including $35 million in punitive damages | |
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