Group Says FDA, Advisory Panels Show Bias Toward Drug Approvals (Washington Post)
The panels of experts assembled by the Food and Drug Administration to advise it on whether to approve new drugs and medical devices are often biased in favor of recommending approval, according to a consumer group's analysis released yesterday.

Canadian firm buys InterVideo (Contra Costa Times)
Canadian software company Corel Corp. said Monday that it is buying Fremont-based InterVideo Inc. (IVII), a provider of multimedia DVD software, for about $196 million in cash.

CytRx Receives $24.5 Million From the ALS Charitable Remainder Trust in Exchange for a 1% Royalty Interest in Worldwide (RedNova)
CytRx Corporation (Nasdaq:CYTR): --