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Stories 1 - 20 |
Pfizer Buys 'Goose That Is
Laying the Golden Eggs'
Mar 14, 2023 10:10 AM CDT
Pfizer Buys 'Goose That Is Laying the Golden Eggs'
It will acquire cancer biotech firm Seagen, which specializes in ADC treatments, for $43M
- It's not Pfizer's priciest acquisition by a long shot , but the numbers are staggering anyway: The pharma giant will pay $43 billion in cash for Seagen, a cancer biotech company that has yet to be profitable. What you need to know:
What Seagen does.
The Washington-based company uses
'Pharma Bro' Is Making
Jan 21, 2023 7:45 AM CST
'Pharma Bro' Is Making Headlines Again
FTC wants Martin Shkreli held in contempt for impeding probe into ban on working in industry
- It's been awhile since Martin Shkreli dominated the headlines, but he appears to be making somewhat of a comeback after his release from prison last year. In January 2022, the former pharmaceuticals executive deemed "Pharma Bro" by the media was ordered by a federal judge to return nearly...
Labor Shortage Affects
Drugstores' Adderall Supply
Aug 27, 2022 1:05 PM CDT
Labor Shortage Affects Drugstores' Adderall Supply
Chains report no problems, but many independents have to adapt
- A supply interruption is making it difficult for some independent pharmacies in the US to fill prescriptions for Adderall. There's no shortage overall of the attention-deficit/hyperactivity disorder medication, the Food and Drug Administration has found. But one manufacturer, Teva Pharmaceuticals, said it's had a labor shortage on its...
Deaths Spike as
OD Antidote Price Soars
Oct 20, 2021 7:29 AM CDT
Deaths Spike as OD Antidote Price Soars
Expert attributes thousands of deaths to greed amid naxolone supply issues
- The US has seen a record high in overdose deaths during the pandemic, and an addiction expert says "we can expect even more fatal overdoses" now that a medication that reverses overdoses has jumped up to 30 times in price. The Opioid Safety and Naloxone Network Buyers Club, a...
Experts Wary as
Date Rape Drug
Wins New Approval
Aug 14, 2021 12:12 PM CDT
Experts Wary as Date Rape Drug Wins New Approval
GHB will be used for a rare sleep disroder
- Imagine how cranky and tired you'd feel after a bad night's sleep. Now imagine that's your daily reality. For the estimated 37,000 Americans diagnosed with idiopathic hypersomnia , who never feel fully rested even after a long night's sleep, it is, per Reuters . But according to...
Pharma Memos Mocked
Customers as 'Pillbillies'
May 17, 2021 6:40 PM CDT
Pharma Memos Mocked Customers as 'Pillbillies'
Disparaging rhymes and emails show contempt as opioid problem grew: lawyer
- Pharmaceutical executives mocked their customers as hillbillies, disparaging them in rhymes even as the companies poured pills into Appalachia and opioid addiction rates and overdoses rose. One email told of Jed, for example, "a poor mountaineer" who "barely kept his habit fed." Another rhyme referred to Kentucky...
Shkreli Once Again in
Hot Water Over Pricey Drug
Jan 28, 2020 3:09 PM CST
Shkreli Once Again in Hot Water Over Pricey Drug
'Pharma Bro' sued by FTC, New York AG over Daraprim
- Martin Shkreli's original controversy is back in the headlines. The disgraced CEO of Turing Pharmaceuticals first gained infamy back in 2015 when his company jacked the price of Daraprim, a lifesaving drug that treats the parasitic infection toxoplasmosis, by 5,000%. Then he went to prison over an unrelated...
Lawsuit: Drug Firms Acted Like
a Cartel. Now, a $260M Deal
Oct 21, 2019 9:25 AM CDT
Lawsuit: Drug Firms Acted Like a Cartel. Now, a $260M Deal
Ohio's Summit, Cuyahoga counties to be paid by 4 major companies for their role in opioid epidemic
- Two counties in Ohio could have pulled in $8 billion if they'd won their legal battle in court against Big Pharma. Instead, in an 11th-hour deal, they've settled for $260 million against three major distributors and a manufacturer for their role in the opioid epidemic, the
FDA: Data Manipulated Before
Approval of $2.1M Drug
Aug 7, 2019 2:38 AM CDT
FDA: Data Manipulated Before Approval of $2.1M Drug
Novartis could face civil, criminal penalties
- US regulators want to know why Novartis didn't disclose a problem with testing data until after the Swiss drugmaker's $2.1 million gene therapy was approved. The Food and Drug Administration said Tuesday the manipulated data involved testing in animals, not patients, and it's confident that the...
Trump Administration Makes
Big Move on Pharmaceuticals
Jul 31, 2019 10:00 AM CDT
Trump Administration Makes Big Move on Pharmaceuticals
Americans will be allowed to import lower-cost prescription drugs from Canada
- The Trump administration said Wednesday it will set up a system to allow Americans to legally import lower-cost prescription drugs from Canada, weakening a long-standing ban that had stood as a top priority for the politically powerful pharmaceutical industry. Health and Human Services Secretary Alex Azar made the announcement Wednesday...
This Is the First State
to Cap the Price of Insulin
May 27, 2019 7:33 AM CDT
This Is the First State to Cap the Price of Insulin
'The days of insulin price gouging are over in Colorado'
- With the soaring price of insulin forcing some diabetics to ration the drug , Colorado has become the first state to introduce a price cap. The state has introduced a law that caps the price of co-pays for insured patients to $100 a month,
reports. "The days of...
A Tweak to TV Ads for
Prescription Drugs Is Coming
May 8, 2019 12:38 PM CDT
A Tweak to TV Ads for Prescription Drugs Is Coming
Prices will have to be included
- Those ever-present TV ads for prescription drugs will soon reveal prices, too, the nation's top health official said Wednesday, responding to a public outcry for government action to restrain medication costs. Health and Human Services Secretary Alex Azar said the Trump administration has finalized regulations that will require drug...
May 2, 2019 4:49 PM CDT
Pharma Exec Convicted in Sensational Opioid Case
John Kapoor's Insys Therapeutics used illegal tactics to sell its fentanyl spray
- A pharmaceutical company founder accused of paying doctors millions in bribes to prescribe a highly addictive fentanyl spray was convicted Thursday in a case that exposed such marketing tactics as using a stripper-turned-sales-rep to give a physician a lap dance. John Kapoor, the 76-year-old former chairman of Insys Therapeutics, was...
Popular Diabetes Drug Gets
Mar 4, 2019 4:31 PM CST
Popular Diabetes Drug Gets Half-Priced Alternative
Eli Lilly announces 'authorized generic' version of Humalog insulin
- Drug-maker Eli Lilly is coming out with a half-priced version of its popular insulin Humalog. In fact, the drug called Insulin Lispro will be identical to Humalog except for its packaging and its price—it will cost $137.50 per vial, or 50% less than Humalog, reports the
Drugmaker Makes Big
Change to TV Ads
Feb 9, 2019 10:53 AM CST
Drugmaker Makes Big Change to TV Ads
Johnson & Johnson will do what has never been done before
- Johnson & Johnson said Thursday it will start giving the list price of its prescription drugs in television ads, the AP reports. The company would be the first drugmaker to take that step. The health care giant will begin with its popular blood thinner, Xarelto, says Scott White, head of...
to Know Why Drug
Went From Free
Feb 4, 2019 5:50 PM CST
Sanders Demands to Know Why Drug Went From Free to $375K
The medication, Firdapse, treats a rare neuromuscular disease
- Calling it corporate greed, Bernie Sanders wants a pharmaceutical company's justification for why it charges $375,000 per year for a drug that used to be free. "I am profoundly concerned that Catalyst's actions will cause patients to suffer or die," the Vermont senator and possible...
More Drugs Recalled
Due to Cancer Risk
Jan 2, 2019 1:32 PM CST
More Drugs Recalled Due to Cancer Risk
Aurobindo Pharma USA, Inc., recalls valsartan tablets
- The recall of blood pressure medications due to possible risk of cancer is expanding again. Aurobindo Pharma USA, Inc., is voluntarily recalling 80 lots of its valsartan tablets "due to the detection of trace amounts of an unexpected impurity found in the finished drug product," per an FDA...
Pharma Giant Unveils New
Plan Despite Trump Slam
Nov 17, 2018 5:35 PM CST
Pharma Giant Unveils New Plan Despite Trump Slam
Pfizer is raising prices on 10% of its drugs
- Give it to Pfizer—they waited a while. The pharmaceutical giant is raising the price of 41 prescription drugs after hitting the pause button this summer when President Trump opposed a price hike, reports CNBC . Most prices are slated to rise 5%, while Stocks Beat says the pain drug Lyrica...
Pharma Exec on 400% Drug
Price Jump: 'Moral Requirement'
Sep 12, 2018 12:33 AM CDT
Pharma Exec on 400% Drug Price Jump: 'Moral Requirement'
Nirmal Mulye defends move, says he's in the drug business 'to make money'
- The founder and president of a pharmaceutical company that last month raised the price of an "essential" antibiotic from $474.75 per bottle to $2,392 per bottle tells the
the 400% increase was not only justifiable but morally imperative. "I think it is a moral...
Trump Tweeted Pfizer Should
Be 'Ashamed.' Pfizer Responds
Jul 11, 2018 8:22 AM CDT
Trump Tweeted Pfizer Should Be 'Ashamed.' Pfizer Responds
After meeting between Trump and Pfizer CEO Ian Read, company says it will defer price hikes
- Last week, Pfizer jacked up the price for several dozen prescription drugs; this week it received a dressing down from President Trump. Now, per the
Wall Street Journal
, the pharmaceuticals giant has responded to his criticism with a postponement on those price hikes after the company said CEO Ian Read...
Stories 1 - 20 |
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