Tag Archives: pharma

GOP Reps Defend Big Pharma At Drug Prices Hearing: The Left Is “Demonizing” Gilead For Making A Profit

The Hill reports: Republican members of Congress defended Gilead, the leading manufacturer of HIV drugs in the U.S., during a testy hearing Thursday focused on the prices of its products. “I just cannot understand why we are spending time sitting here listening to people lecturing companies about making money. I hope you make a lot of money,” Rep. Chip Roy …

Read More »

Activists File Class Action Suit Against Major Pharma Companies, Allege Conspiracy To Delay HIV Generics

STAT News reports: In a bid to maintain its dominance in the HIV market, Gilead Sciences (GILD) allegedly conspired with other drug makers whose medicines were part of a so-called combination cocktail in order to block generic competition, according to a lawsuit filed by AIDS activists and two unions. The complaint describes an unusual scheme concerning these cocktails, which are …

Read More »

New Rules Require Prices In Television Drug Ads

Axios reports: The Trump administration finalized a rule Wednesday that will require pharmaceutical companies to post the list prices of their drugs in TV commercials. The drug industry may sue to block the rule, and many people are skeptical that publishing prices in ads would help patients or successfully shame drugmakers into lowering their prices. But the rule is another …

Read More »

Pharma Douche Heads For Tougher Federal Prison

The New York Daily News reports: “Pharma Bro” Martin Shkreli has been transferred out of his low-security prison and hauled back to Brooklyn after a report he was still running his business and tweeting with a contraband cell phone. Shkreli, 36, who’s serving seven years in a federal prison for defrauding investors, has been moved from the prison at Fort …

Read More »

Prison Tosses Pharma Douche Into Solitary Confinement

Forbes reports: The much-maligned pharmaceutical businessman and uber troll Martin Shkreli has been put in solitary confinement at Federal Correctional Institution in Fort Dix, New Jersey, Forbes has been told by two sources with knowledge of the situation. That came after the Wall Street Journal described how he was using a contraband phone to run his pharma business from behind …

Read More »

New York Hits Opioid Maker Family With Massive Suit

CBS News reports: New York state prosecutors on Thursday filed a lawsuit against Purdue Pharma and the family that owns the OxyContin-maker, alleging they fraudulently transferred funds out of the company. The complaint also adds charges previously filed against other companies that made and distributed opioids. “We found that pharmaceutical manufacturers and distributors engaged in years of deceptive marketing about …

Read More »

Purdue Pharma Settles First Opioid Suit For $270M

The Daily Beast reports: Purdue Pharma and its owners, the Sackler family, will pay $270 million to settle claims by the Oklahoma attorney general that the company helped fuel America’s opioid crisis, The Wall Street Journal reports. It’s the first settlement to be agreed upon from more than 1,600 opioid lawsuits the OxyContin maker faces various from states, cities, and …

Read More »

Federal Prisons Bureau Investigates Pharma Douche For Secretly Running Business With Contraband Phone

The Wall Street Journal reports: The U.S. Bureau of Prisons opened an investigation into pharmaceutical wunderkind Martin Shkreli’s behavior behind bars, a bureau spokesperson said Friday. The Wall Street Journal reported Thursday that Mr. Shkreli, 35 years old, is largely running his former drug company, Phoenixus AG, from his prison cell in Fort Dix, N.J., via a contraband smartphone. Mr. …

Read More »

FDA Approves Ketamine Nasal Spray For Depression

The Wall Street Journal reports: The Food and Drug Administration approved a controversial drug for depression that could be the first of a long-awaited wave of new treatments, but that has also raised concerns about abuse. The drug, a nasal spray that manufacturer Johnson & Johnson JNJ 0.21% has branded Spravato, is a close chemical relation to ketamine. Ketamine is …

Read More »

Opioid Maker Purdue Readies Bankruptcy Over Lawsuits

Reuters reports: OxyContin maker Purdue Pharma LP is exploring filing for bankruptcy to address potentially significant liabilities from thousands of lawsuits alleging the drug manufacturer contributed to the deadly opioid crisis sweeping the United States, people familiar with the matter said on Monday. The deliberations show how Purdue and its wealthy owners, the Sackler family, are under pressure to respond …

Read More »

Pharma Giant To Sell Generic Version Of Insulin Drug

The New York Times reports: The drugmaker Eli Lilly will begin selling a cheaper version of its most popular insulin, Humalog, in an effort to head off criticism about the rising costs of prescription drugs, the company said Monday. Lilly will begin selling an “authorized generic” of Humalog 100 for $137.35 per vial, a 50 percent discount off the list …

Read More »

NEW YORK CITY: Activists Disrupt Major Museums Over Wings Named For Big Pharma Opioid Family [VIDEO]

The Guardian reports: Art photographer and activist Nan Goldin brought the Guggenheim Museum in New York to a standstill on Saturday night as thousands of fake prescriptions were dropped into the atrium to protest against the institution’s acceptance of donations from the family who owns the maker of OxyContin – the prescription painkiller at the root of America’s opioids crisis. …

Read More »

Lawsuit: Pharma Giant Considered Targeting “Attractive Market” Of People Addicted To Their Opioids [VIDEO]

NBC News reports: As the nation’s opioid crisis was deepening, the company that makes a powerful prescription painkiller considered marketing an anti-addiction drug to “an attractive market” of people with addictions, according to allegations in court documents made public Thursday. The attorney general’s office in Massachusetts is suing Connecticut-based Purdue Pharma, along with some company executives and members of the …

Read More »

Former Pharma Lobbyist To Be Top WH Policy Aide

Politico reports: The White House is expected to soon name Joe Grogan as the next head of its Domestic Policy Council, two sources with knowledge of the decision told POLITICO. The move would elevate Grogan, a top Office of Management and Budget health care official and ally of acting White House Chief of Staff Mick Mulvaney, to a role that …

Read More »

Big Pharma Begins Year With Hundreds Of Price Hikes

The Wall Street Journal reports: More than three dozen drugmakers raised the prices on hundreds of medicines in the U.S. on Tuesday, according to an analysis from Rx Savings Solutions, which sells software to help employers and health plans choose the least-expensive medicines. The average increase was 6.3%, according to the analysis, including increases on different doses for the same …

Read More »

Big Pharma Is Paying Social Media Influencers

STAT News reports: For years, so-called influencers — celebrities, former reality television contestants and sometimes, former lawyers or other professionals — have hawked diet teas and hair products everywhere from Facebook to Snapchat. And now, pharma is catching on. An entire industry has cropped up to link drug makers with the industry’s own version of an influencer — people, usually …

Read More »

UTAH: Insurance Company For Public Employees Pays Patients To Fly To Mexico For Cheaper Medications

The Salt Lake Tribune reports: Amid a flurry of national proposals to bring exorbitant U.S. drug prices in line with other countries’ charges, one Utah insurer has a different option for patients: Pay them to go to Mexico. PEHP, which covers 160,000 public employees and family members, is offering plane tickets to San Diego, transportation to Tijuana, and a $500 …

Read More »

Lawyer For Pharma Douche Sentenced To 18 Months

Courthouse News reports: “I will regret every day of my life the day I met Martin Shkreli.” Evan Greebel, the former lawyer for “Pharma Bro” Shkreli, briefly addressed the court for the first time during his sentencing Friday for wire and securities fraud conspiracy. U.S. District Judge Kiyo Matsumoto sentenced Greebel to 18 months in prison and over $10 million …

Read More »

Top Health Care CEOs Together Earned $1.7B In 2017

Axios reports: The 64 health care CEOs in the S&P 500 cumulatively made almost $1.7 billion in 2017, according to a new Axios analysis of their compensation. That total is 74% higher than the $949 million that is normally highlighted in company proxy documents. Within the compensation totals, Axios’ Bob Herman calculated the actual realized gains of CEOs’ stock options …

Read More »

Ambien Maker: Racism Is Not A Known Side Effect

CNBC reports: Ambien maker Sanofi isn’t buying Roseanne Barr’s claim that she compared former Obama aide Valerie Jarrett to an ape because she was “ambien tweeting.” “While all pharmaceutical treatments have side effects, racism is not a known side effect of any Sanofi medication,” the French drugmaker posted to its American Twitter account on Wednesday. Ambien is used to treat …

Read More »