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US discovers more counterfeit doses of the anti-cancer drug Avastin

Less than two months after counterfeit Avastin, a cancer drug made by the Swiss pharmaceutical giant Roche, was found on the US market, another fake version has turned up, health authorities said Wednesday. The injectable cancer medication, bevacizumab, is labeled by the name under which Avastin is approved in Turkey,…

Roche announces takeover bid for U.S. company Illumina

Swiss pharmaceuticals giant Roche announced on Wednesday it had launched a takeover bid for Illumina, after the US company specialising in life sciences rebuffed an offer. Roche said it had made “multiple efforts” to start talks with Illumina to negotiate a deal but the US firm had not been willing to enter “substantive discussions.”…

California insurer won’t pay for breast cancer drug

(Reuters) – Health insurer Blue Shield of California has decided not to pay for Roche Holding’s drug Avastin to treat breast cancer after health advisers said it was not safe or clinically beneficial. Blue Shield of California, an insure with around 3.3 million members, said in a notice posted on…

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