Biogen shares soar on Alzheimer's drug developments
A study found that Biogen's Alzheimer's drug lecanemab reduced cognitive and functional decline by 27% compared to a placebo over an 18-month period.
Biogen to pay $900M to settle allegations of improper physician kickbacks
Biogen is accused of causing submissions of false claims to Medicare and Medicaid by paying physicians kickbacks to prescribe its multiple sclerosis drugs Avonex, Tysabri and Tecfidera.
Florida drug company CEO sentenced to 3 years for allowing contaminated medicine to go to pediatric hospitals
PharmaTech's previous co-owner, Raidel Figueroa, has been sentenced to over three years for lying to the FDA and allowing contaminated medicine to go to pediatric hospitals.
Opioid crisis: New Hampshire strikes $40.5 million settlement with Johnson & Johnson
New Hampshire Attorney General John Formella announced that the state reached a $40.5 million settlement with Johnson & Johnson over opioid claims on Thursday.
Drugmaker stocks slammed over Zantac lawsuit concerns
Thousands of Zantac users have filed cases against companies including Sanofi, GlaxoSmithKline, Haleon and Pfizer accusing them of failing to properly warn users of the recalled heartburn drugs' health risks.
Who will pay for the balance of capping insulin prices? Everyone else.
The cost of insulin is difficult to cap but Democrats are attempting to lower the price through their social spending bill set to raise $739 billion in tax revenues.
West Virginia reaches $400 million settlement with opioid distributors
West Virginia reached a $400 million settlement on Monday with opioid distributors AmerisourceBergen Drug Co., Cardinal Health Inc., and McKesson Corp.
Biogen is cutting 2022 expenses for Q2, profit forecast is raised
Biogen's second quarter expectations were soundly exceeded. Biogen was able to do this by slashing spending on the controversial drug Aduhelm.
Overdose victims' parents push for drug dealer punishment: 'Some form of justice'
FOX Business' Hillary Vaughn talks to families pushing for legislation that would hold drug dealers accountable for overdose deaths.
US drug distributors prevail in $2.5 billion West Virginia opioid case
A federal judge ruled on Monday that three major U.S. drug distributors are not responsible for fueling an opioid epidemic in a part of West Virginia.
Juul ban lawsuit: Company asks court to halt 'extraordinary and unlawful' FDA order
Electronic cigarette manufacturer JUUL has asked a federal appeals court to step in and block a ban on their products issued by the Food and Drug Administration.
FDA bans Juul e-cigarette products
The Food and Drug Administration has ordered Juul Labs Inc. to stop selling its vaping products in the U.S., saying the products could be unsafe.
Positive drug tests among US workers hit two-decade high
The percentage of working Americans testing positive for drugs hit a two-decade high last year, driven by an increase in positive marijuana tests, as businesses might have loosened screening policies amid nationwide labor shortages.
COVID-19 rapid test recalled for 'high number' of false positive reports
The Food and Drug Administration announced that a healthcare company has recalled 45,500 COVID-19 rapid tests due to a “high number of false positive reports.”
Western drugmakers are still providing medicines to Russia
Western health care companies continue supplying medicine, vaccines and medical equipment to Russia.
Biden SOTU addresses prescription drug prices
In his State of the Union address, President Biden focused on the impact inflation is having on Americans. One topic which has been an agenda item in particular is bringing down the cost of prescription drugs.
Colorado Vrbo host discovers drugs, illegal IDs, and feces inside rental property
A Denver woman who leased out her property through Expedia Group Inc.’s Vrbo was shocked to recently discover her rental had been reworked to conduct illegal activity.
Drugmakers raised prices by 6.6% on average early this year
Drugmakers raised prices an average of 6.6% at the start of 2022.
COVID-19 pills could spark scramble among nations
The antiviral covid-19 pills developed by U.S. firms are the next step in the pandemic battle.
Quebec to require vaccination to buy alcohol, cannabis from some stores: unvaccinated should 'stay home'
The restriction will not go into effect until all residents have had a chance to receive a booster shot, with eligibility to the general public expected as of Jan. 17.