Merck hit with $285,000 verdict in Fosamax trial

NEW YORK (Reuters) – A federal jury on Tuesday ordered Merck & Co Inc to pay $285,000 in a lawsuit over the risks of its osteoporosis drug Fosamax, the second loss for the company after several earlier trials. The eight-person jury in U.S. District Court in Manhattan found that Merck failed to warn plaintiff Rhoda Scheinberg’s doctors of the risks associated with Fosamax. The jury rejected the plaintiff’s argument that Fosamax was a defective product. More than 4,000 lawsuits are pending in federal and state courts arising out of injuries allegedly caused by the one-time blockbuster …

Illinois governor to bear grim news over pension crisis

Governor of Illinois Quinn addresses first session of Democratic National Convention in CharlotteCHICAGO (Reuters) – Illinois Governor Pat Quinn, already the most unpopular governor in the nation, has his work cut out for him at his annual "state of the state" speech on Wednesday – and this time he probably won't be relying on a python named "Squeezy." The fiscal crisis caused by pension underfunding in Illinois is so bad that some hospitals wait a year to be paid by the state for insurance claims. At the same time, teachers in Chicago's wealthy suburbs are retiring with six-figure salaries set by school districts on which pensions are calculated, and the state pays the bill. …

Centene profit falls 70 percent on high flu costs

(Reuters) – Health insurer Centene Corp reported a 70 percent drop in profit due to higher costs associated with a severe flu season in the United States and a weak performance by its Medicaid contracts in Texas and Kentucky. Net profit fell to $9.1 million, or 17 cents per share, for the quarter ended December 31, from $30.1 million, or 57 cents per share, a year earlier. Analysts on average expected earnings of 32 cents per share, according to Thomson Reuters I/B/E/S. Total revenue rose 59 percent to $2.4 billion of which premium and services revenue brought in $2.3 billion. …

Massachusetts cites violations at 32 compounding pharmacies

(Reuters) – Massachusetts health regulators have ordered 11 compounding pharmacies to partially or completely halt operations and cited another 21 for minor violations, after unannounced inspections of 40 pharmacies across the state. The wave of inspections follow a deadly U.S. meningitis outbreak stemming from a tainted steroid that was made by the New England Compounding Center in Framingham, Massachusetts. The 2012 outbreak led to 45 deaths, according to the U.S. Centers for Disease Control and Prevention. …

Democratic lawmakers seek to decriminalize and tax pot

An attendee holds marijuana buds at the International Cannabis & Hemp Expo in OaklandWASHINGTON (Reuters) – U.S. states would be free to decide how to regulate marijuana just like beer and wine without running foul of federal law under legislation being proposed by two Democratic lawmakers. Earl Blumenauer of Oregon and Jared Polis of Colorado plan to introduce two bills in the House of Representatives on Tuesday amid a growing movement to legalize pot for personal use, whether recreational or medical. One bill would end a federal ban on marijuana and give states jurisdiction over its use and regulate it in a similar way to alcohol sales, with federal oversight. …

Exercise Reduces Risk of Dementia Later In Life

People who exercise and have higher physical fitness levels during middle age have a significantly reduced risk of developing dementia later in life. The finding came from a new study conducted by Laura F. DeFina, MD, of The Cooper Institute in Dallas, and her team, and was published in the journal Annals of Internal Medicine. Similarly, a study published in Archives of Neurology indicated that …

Brazil nightclub fire claims new victim, death toll at 238

SAO PAULO (Reuters) – A 20-year-old man died on Tuesday from injuries sustained during a January 27 fire at a nightclub in southern Brazil, bringing the death toll from the disaster to 238 and adding to concerns it may rise further. The health department for Rio Grande do Sul state, where the Kiss nightclub in the college town of Santa Maria is located, did not give a precise cause for the death at the Santa Rosa hospital in Porto Alegre, the state’s capital. …

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