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Federal suit targets Boston Scientific, Guidant (Morning Read)

Among today’s current medical news: Guidant a lawsuit target (again); Merck beefs up its biotech; hospitals and docs upped their lobbying efforts; Baby Boomers’ Alzheimer’s problems; and just who has an MD?

Current medical news and unique business news for anyone who cares about the healthcare industry.

Federal Guidant suit. Guidant remains the gift that keeps on giving for Boston Scientific. The federal government is suing BSX for knowingly selling defective defibrillators.

Healthcare lobbying. Pharma cut its spending last year in federal lobbying, but physicians and hospitals fought on, according to a study of fourth-quarter disclosure reports. The difference in spending was largely defined by anyone who had unfinished business with the U.S. healthcare reform bill passed into law.

Merck getting serious on biosimilars.Via Xconomy:

“We need to have some humility about what biologics have done,” says Merv Turner, Merck’s chief strategy officer, in an interview at the JP Morgan Healthcare Conference in San Francisco earlier this month. “Biologics are going to be important in the future, and we have to get into biologics if we are going to be the world’s leading healthcare company, which is our ambition.”

Generation Alzheimer’s. One in eight Baby Boomers will develop Alzheimer’s disease — as many as 10 million.

Who’s an MD? Half of consumers have trouble discerning who is a doctor. Among those who consumers don’t think have MDs: orthopedic surgeons, family practitioners and dermatologists.

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Global R & D on the rise. A Battelle study called research and development spending “stable.” Global spending on R & D will increase 3.6 percent.

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