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Read The Interesting Snippets Below For Exciting Health-Care News!

UPDATE 1-Novartis, BWK sell stakes in patch maker LTS Lohmann

– http://www.reuters.com

* Novartis expects $400 mln gain (Adds Novartis sales gain, details)

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BRIEF- Basilea Pharmaceutica announces isavuconazole received QIDP designation from FDA

– http://www.reuters.com

Isavuconazole as Qualified Infectious Disease Product (QIDP) for oral and intravenous treatment of invasive candidiasis Source text for Eikon: Further company coverage:

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CANADA STOCKS-Futures indicate lower open, Russia sanctions weigh

– http://www.reuters.com

July 17 (Reuters) – Canadian stocks looked set to open lower on Thursday as the United States imposed its toughest sanctions yet on Russia, weighing on global risk sentiment.

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GSK confirms it fired staff for corruption in China in 2001

– http://www.reuters.com

LONDON, July 17 (Reuters) – GlaxoSmithKline said it fired staff in China for bribing officials in 2001 in a case that predates wider allegations of corruption for the British drugmaker in the country by more than a decade.

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New Mexico man says federal agents gave him crack cocaine

– http://www.reuters.com/healthNews

ALBUQUERQUE N.M. (Reuters) – The lawyer for a New Mexico man has filed an $8.5 million civil lawsuit accusing the U.S. government and five members of the Drug Enforcement Administration of supplying her client with crack cocaine during an undercover investigation.

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Drugmaker Novartis to eke out more cost savings to lift margins

– http://www.reuters.com/healthNews

ZURICH (Reuters) – Swiss drugmaker Novartis posted a quarterly rise in sales that missed expectations and said it would focus on eking out gradual cost savings to boost margins as it prepares a radical business overhaul.

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