Three hundred and fifty years ago, the Merck family set up a pharmacy in the German city of Darmstadt. Today, as it celebrates the anniversary of its founding, the world’s oldest pharmaceutical company still remains in family hands.
A court in France has thrown out a lawsuit against German pharmaceutical company Merck. More than 4,000 patients took the drug manufacturer to court after it changed some of the ingredients in its thyroid medication.
Pharmaceutical company Bayer is heading for a restructuring that would see it shed 12,000 jobs in various countries, the firm's representatives said. The German giant took over US-based Monsanto earlier this year.
Despite a pledge not to have lay-offs until 2025, a "significant number" of the job cuts at Bayer will be in Germany. More than 1,000 employees in the western city of Wuppertal came out to protest a plant closure.
Police are investigating a pharmaceuticals executive for allegedly selling cancer medication in forged packaging. However, it was not clear if the drugs were significantly different than the original, police have said.
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