There has been considerable consumer and policymaker concern about the rising prices of some prescription drugs, from the thousands-percent increases in the price of generics like Turing Pharmaceuticals' Daraprim to the average 8.8% increase by Pfizer for a large sample of its brand name drugs. Putting aside appeals by brand name firms for the need for funding for research and development (which does not apply to generics), the most attractive explanation for why brand nme drug makers can increase prices is because they can.
Texas accused the pharmaceutical giant of promoting its antipsychotic drug Seroquel to Texas Medicaid providers for unapproved uses, and for misrepresenting the benefits of its cholesterol medication Crestor.
The Merck CEO, the first African American to lead a major pharmaceutical company, reprised why he left Trump's manufacturing advisory council last year. He also condemned the National Rifle Association and expressed despair and anger over school and church shootings and police brutality.
Greenphire, a financial software provider for clinical trials, is partnering with ride-share company Lyft to help clinical trial sites book rides for participants and reimburse them for any transportation costs.
Drug distributor AmerisourceBergen said Wednesday it is planning a new headquarters in Conshohocken, Montgomery County, and will move 1,500 bosses and staff from its former Chesterbrook headquarters and a smaller Conshohocken office into a new, 12-story, 427,000-square-foot tower.
Since neighboring Delaware County became the first county in the state to sue pharmaceutical companies over the local costs of the opioid crisis last year, several other counties have followed suit; Bucks County is the latest to file a lawsuit against Big Pharma.