The company said the Veramyst spray, a potential blockbuster for treating hay fever, would be available on prescription in the US by the end of May, and should start selling in Europe by the end of the year. By Marianne Barriaux.
3.45pm update: Drugs giant posted a fall in sales and profits for the first quarter of the year this morning, due to a strong pound and tough generic competition in the US, while Shire raises its earnings guidance for this year. By Marianne Barriaux.
5.45pm update: Partnership announced as the insurer revealed another drop in sales of life and pensions products in the UK. By Jill Treanor and Graeme Wearden.
2.30pm update: The Office of Fair Trading says the health service is handing pharmaceutical companies too much money for some branded prescription medicines.
9.45am: GW Pharmaceuticals today signed up Japan's Otsuka
to develop and market its pioneering cannabis-based drug Sativex in the US. By Julia Kollewe.