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The Latest Breaking News on Pharma

Construction of ₹500-cr. pharma glass tubing unit begins in Telangana

Production of the Velocity Vials at SGD Pharma’s facility in Vemula is expected to begin in the first quarter of 2024 whereas that of the pharmaceutical tubing will begin in 2025.

The Hindu · Jun 8, 2023

Merck sues to block lower Medicare costs

The company claims that the plan to allow Medicare to negotiate drug prices violates the First and Fifth Amendments

Salon · Jun 8, 2023

Which Pharma Stock is a Pick for June: Pfizer (PFE) or SNDL Inc. (SNDL)?

The pharmaceutical industry is known for its resilience during challenging economic times, primarily due to the inelastic demand for essential medicines. As the specter of a potential recession hangs over the market, let us analyze two leading players in the sector, Pfizer (PFE) and SNDL (SNDL), to find the better…

StockNews.com · Jun 7, 2023

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Merck sues federal government, calling plan to negotiate Medicare drug prices 'extortion'

Merck is suing the federal government over a plan to negotiate Medicare drug prices, calling the program a sham equivalent to extortion

The Independent UK · Jun 6, 2023

3 Pharmaceutical Stocks to Watch

The pharmaceutical industry is anticipated to grow due to rising chronic diseases and an aging population. Given the industry's strong long-term prospects, quality stocks Novo Nordisk (NVO), Novartis (NVS), and Bristol-Myers Squibb (BMY) could be worth adding to your watchlist. Continue reading….

StockNews.com · Jun 5, 2023

Magnitude Biosciences seals £500,000 investment to ramp up research work

It has secured a Future Economy Investor Partnerships grant from Innovate UK which has been match funded by the North East Innovation Fund

Birmingham Post · Jun 5, 2023

Is a Possible Delta-8 THC Ban in the Works? This Week in Cannabis Investing

The Drug Enforcement Agency is reportedly planning to reschedule many hemp-derived cannabinoids, including delta-8 THC.

Kiplinger · Jun 2, 2023

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Supreme Court revives claims that SuperValu, Safeway overcharged governments for generic drugs

The Supreme Court has unanimously revived whistleblower lawsuits claiming that supermarket and pharmacy chains SuperValu and Safeway overcharged government health-care programs for prescription drugs by hundreds of millions of dollars

The Independent UK · Jun 1, 2023

LOCALIZE IT: State and local governments figuring out how to use opioid settlement money

EDITORS/NEWS DIRECTORS:

The Independent UK · May 31, 2023

Merck makes €35 million investment in Scottish sites

The expansion plan should create nearly 500 new jobs in Glasgow and Stirling

Insider UK · May 31, 2023

Elizabeth Holmes Reporting To Jail Today, And The Dropout’s Amanda Seyfried Shared Her Take

Theranos founder Elizabeth Holmes' prison sentence is finally starting, and her portrayer in The Dropout, Amanda Seyfried, shared her thoughts.

Cinemablend · May 30, 2023

AbbVie (ABBV) and Catalyst Pharmaceuticals (CPRX): Analyzing Investment Potential

The pharmaceutical industry’s inelastic demand for its products helps it to weather economic downturns. With fears of an impending recession playing on the minds of investors, it could be wise to buy fundamentally strong pharmaceutical stock AbbVie (ABBV). On the other hand, given its mixed fundamentals and profitability, it could…

StockNews.com · May 30, 2023

A landmark appeals court ruling clears way for Purdue Pharma-Sackler bankruptcy deal

The 2nd Circuit Court of Appeals in New York cleared the way for a controversial bankruptcy deal that grants immunity from opioid lawsuits to members of the Sackler family.

WEKU · May 30, 2023

‘I yelled, “I’m putting this up your nose”’: what it’s like to use Narcan

Four people on using the nostril-based antidote to opioid overdoses, newly approved for over-the-counter sale

The Guardian - US · May 30, 2023

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StockNews.com · May 29, 2023

CVS Health (CVS) vs. MedAvail Holdings (MDVL): Which Is the Better Buy?

The drug store industry is well positioned for long-term growth thanks to the growing demand for prescription drugs. Let’s compare CVS Health (CVS) and MedAvail (MDVL) in this space to determine which is better positioned to capitalize on the industry’s solid growth prospects….

Nottingham Post · May 29, 2023

The Nottinghamshire pharmacies which failed to meet all standards during inspections

"Whilst the national report looked pretty daunting I’ve not found anything for significant cause for concern"

The National (Scotland) · May 28, 2023

UK response to Covid pandemic was 'fuelled by nationalism'

THE UK’S response to the Covid pandemic has been branded “colonial” and “fuelled by nationalism” by justice campaigners.

The Independent UK · May 26, 2023

Oregon, awash in treatment funds after decriminalizing drugs, now must follow the money

Funding for drug treatment centers in Oregon, financed by the state’s pioneering drug decriminalization policy, stands these days at over a quarter-billion dollars

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Daily Mirror · May 26, 2023

US drug firm loses license after ignoring suspiciously large painkiller orders during opioid crisis

Morris & Dickson Co.'s license has been revoked by the US Drug Enforcement Administration (DEA) following a 68-page order by DEA Administrator Anne Milgram on the opioid crisis

WEKU · May 26, 2023

DEA moves to revoke major drug distributor's license over opioid crisis failures

The agency says it will strip Morris & Dickson of its license to sell highly addictive painkillers after finding it failed to flag thousands of suspicious orders at the height of the opioid crisis.

The Independent UK · May 26, 2023

After yearslong delay, DEA revokes license of wholesale drug distributor over opioid crisis failures

The U.S. Drug Enforcement Administration has stripped one of the nation’s largest pharmaceutical distributors of its license to sell highly addictive painkillers after determining it failed to flag thousands of suspicious, high-volume orders at the height of the opioid crisis

The Guardian - UK · May 25, 2023

US banker paid £73m dividend in 2021 after firm won millions in UK Covid contracts

Banks Bourne, sole owner of Tanner Pharma in North Carolina, took sum from Tanner’s UK arm, records show

Tribune News Service · May 24, 2023

Analysts expect Medtronic to deliver frank financial answers this week

Medtronic is facing sluggish sales growth, is in the midst of deep cost-cutting and started ongoing global layoffs in April. It's also spinning off businesses with weaker profit margins.

StockNews.com · May 24, 2023

3 Biotech Stocks Losing Market Value

There is a growing demand for healthcare solutions, and the biotech industry will likely benefit from it. However, not all biotech stocks are well-positioned to capitalize on the industry tailwinds. Therefore, investors could look to avoid fundamentally weak biotech stocks Bicycle Therapeutics (BCYC), CorMedix (CRMD), and 22nd Century Group (XXII).…

Tribune News Service · May 24, 2023

A more aggressive FTC is starting to target drug mergers and industry middlemen

Under the leadership of an aggressive opponent of anti-competitive business practices, the Federal Trade Commission is moving against drug companies and industry middlemen as part of the Biden administration’s push for lower drug prices at the pharmacy counter.

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