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R&D Tax Scheme Too Rich: Federal Panel

Ottawa needs to overhaul its flagship R & D program because it spends too much money and fails to show any increase in innovation among Canadian companies, says a federally appointed panel of experts.

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Afexa approves Valeant takeover bid

The board of Cold-FX flu remedy maker Afexa Life Sciences Inc. has given its final stamp of approval to a friendly $76-million takeover bid by Valeant Pharmaceuticals International Inc.

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