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Nasdaq shares fall after US government announces new drug approval

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NASDAQ (NYSE:NASDAQ) shares fell as investors scrambled to digest news about a new US approval of a new antibiotic for Crohn’s disease, while other stocks were hit by the announcement of a merger between Pfizer and Regeneron Pharmaceuticals.The Nasdaq composite fell 3.8%, or $2.43, to 1,938.26, while the S&P 500 index, which tracks the broadest […]

AZURE Pharmaceuticals Stock Hits All Time High With $9 Billion In Revenue

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NVMeda, the online marketplace that specializes in selling generic drugs, has announced its earnings.The company, which offers access to about 90% of the US generic drug market, posted a profit of $1.9 billion for the quarter ending March 31, up from $2.5 billion the same period a year earlier.Its net income increased to $1 billion, […]