A production line of Wegovy injection pens for the Asian market at the Novo Nordisk A/S pharmaceutical manufacturing facility in Hillerod, Denmark, on Wednesday, Nov. 27, 2024. Bloomberg | Bloomberg | Getty Images One interpretation of the law of supply and demand is that when demand outstrips supply, scammers get busy. That’s certainly the case … Read more
The US Food and Drug Administration has proposed to remove oral phenylephrine, widely used in cold and cough syrups, as an active ingredient in over-the-counter drugs for nasal congestion, stating it is not effective, the health regulator said on Thursday. Phenylephrine is widely used in a variety of over-the-counter flu and cold medicines, including popular … Read more
Thousands of bottles of a commonly prescribed antidepressant drug have been recalled by the FDA because they were found to contain a suspected cancer-causing chemical. Over 7,100 bottles of Duloxetine, sold under the brand name Cymbalta, were voluntarily recalled after the toxic chemical N-nitroso-duloxetine was found, the Food and Drug Administration announced. The drug, manufactured … Read more
The union representing CVS pharmacy clerks and technicians who picketed outside seven stores over the weekend said Monday that the first wave of its strike has come to an end, with another bargaining session scheduled for Wednesday. “Despite the fact that our members can’t afford to go without a paycheck, these workers took a huge … Read more
By John Tozzi and Leah Nylen | Bloomberg The US Federal Trade Commission sued units of CVS Health Corp., Cigna Group and UnitedHealth Group Inc. on Friday, accusing the drug middlemen of engaging in illegal rebate programs that drove up the price of insulin. The agency said it filed a complaint in its administrative court … Read more
The proposed class action filed in Minnesota federal court by four ex-employees of Wells Fargo claims the bank violated a federal law requiring companies to prudently manage employee health and retirement plans. The former employees say that Wells Fargo’s health plan pays inflated prices to pharmacy benefit managers, who negotiate with drugmakers, health insurance plans, … Read more
By John Lauerman, Madison Muller and Naomi Kresge Novo Nordisk A/S and Eli Lilly & Co. shares fell Tuesday after President Joe Biden continued his push for cheaper drugs by demanding price cuts on their blockbuster weight-loss and diabetes drugs. The companies are charging “unconscionably high prices” that are above those paid in other countries, … Read more
Months into a new Biden administration policy intended to lower drug costs for Medicare patients, independent pharmacists say they’re struggling to afford to keep some prescription drugs in stock. “It would not matter if the governor himself walked in and said, ‘I need to get this prescription filled,’” said Clint Hopkins, a pharmacist and co-owner … Read more
By Sarah Varney | KFF Health News Lawyers from the conservative Christian group that won the case to overturn Roe v. Wade are returning to the U.S. Supreme Court on Tuesday in pursuit of an urgent priority: shutting down access to abortion pills for women across the country. The case challenges the FDA’s regulation of … Read more
The Liberal government is expected to table its pharmacare legislation today — possibly the biggest expansion of publicly funded health care in Canada in decades. Because Canada is the only country in the world with a universal health care system that doesn’t have universal drug coverage, the move would take Canada one step closer to parity … Read more
