Tag Archives: drug

Canada sours on its drug system just as Trump looks to import from it

Just as the Trump administration is planning to let states import prescription drugs from Canada, the United States’s northern neighbors have grown impatient with their own high drug prices. Canada is enmeshed in a drug pricing war. Canadians are paying among the highest prices in the world for drugs, prompting lawmakers to consider a major… Read More »

Omnicare and parent company CVS Health accused of prescription drug fraud

A lawsuit has been filed against Omnicare and parent company CVS Health alleging prescription drug fraud in the dispensing of drugs to senior citizens in assisted living and other facilities. The Department of Health and Human Services – Office of the Inspector General filed the civil healthcare fraud lawsuit on December 17. CVS acquired Omnicare… Read More »

Crisis Looms in Antibiotics as Drug Makers Go Bankrupt

At a time when germs are growing more resistant to common antibiotics, many companies that are developing new versions of the drugs are hemorrhaging money and going out of business, gravely undermining efforts to contain the spread of deadly, drug-resistant bacteria. Antibiotic start-ups like Achaogen and Aradigm have gone belly up in recent months, pharmaceutical… Read More »

Drug that restricts overactive immune systems could help treat lupus

By Ruby Prosser Scully Interferon (pictured in bottles) is involved in regulating the body’s immune systemiStock/Getty Images A drug that stops the body’s overactive immune system could be key to treating lupus. This would be only the second new drug for the autoimmune condition in 60 years. Around 5 million people around the world are… Read More »

U.S. House Passes Drug Pricing Bill

Dec. 13, 2019 — A U.S. House Democrat bill that would give Medicare the authority to negotiate prescription drug prices and provide new benefits for seniors was passed Thursday in a 230-192 vote along party lines. However, the bill has no chance of being passed by the Republican-controlled Senate and the White House has threatened… Read More »