Health Care News
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AMAG Pharmaceuticals Inc., maker of the anemia drug Feraheme, said its chief executive officer resigned and 25 percent of its workers will be fired as the company reviews options that may include a possible sale.
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Takeda Pharmaceutical Co., the Japanese drugmaker that bought Swiss rival Nycomed in September, cut its full-year profit forecast 32 percent on costs related to the 9.6 billion euro ($13.3 billion) takeover and stronger yen.
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In the busiest year for medical products takeovers, potential acquirers can now scoop up Becton, Dickinson & Co. at the cheapest valuation since 1993.
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Raj Rajaratnam, the hedge fund manager sentenced to 11 years in prison for insider trading, was assigned to a federal prison medical center in Massachusetts, according to a person familiar with the matter.