LONDON Dec 21 The European Medicines Agency said it has launched a review of Merck & Co Inc's cholesterol drug Tredaptive after the medicine failed in a large-scale study.
The drug, already approved for use in Europe but not in the United States, is designed to raise "good" HDL cholesterol but the 25,000 patient study found it didn't do better at preventing heart attacks, deaths or strokes than traditional statin drugs that lower "bad" LDL cholesterol.
Buffett scorns tricky Wall Street accounting, but defends buybacks
NEW YORK, Feb 25 Billionaire investor Warren Buffett on Saturday attacked what he saw as tricks used by U.S. companies to boost earnings and stock prices, but he defended one oft-criticized practice: share buybacks.
TCL carries flickering BlackBerry flame with new phone launch
BARCELONA, Spain, Feb 25 Blackberry Ltd may have exited the device business, but fans of the pioneering email machine need not despair as Chinese smartphone maker TCL Communication has introduced its first Blackberry-licensed phone with the physical keyboard that was long its key allure.