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Recent Articles

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CVS, Walmart, Walgreens to pay combined US$650.6M to two Ohio counties to address damage done by opioid epidemic; court concluded companies caused oversupply of addictive pain pills, many of which found their way onto the black market

US President signed climate change and health care bill, includes US$375B to fight climate change, cap prescription drug costs at US$2,000 for Medicare recipients; extending pandemic subsidies will help 13 million Americans pay for healthcare insurance

Teva recalls two lots of Matzim LA diltiazem hydrochloride hypertension drug distributed across US, Puerto Rico because extended-release tablets do not dissolve correctly; products have expirations dates of September 2022

Glenmark recalls over 650,000 tubes of Tacrolimus Ointment eczema treatment due to manufacturing issues; ointment was manufactured in India, categorized as Class III recall by FDA

BofA: Inflation Reduction Act set to empower Medicare to set prices for 60 drugs by 2029; pricing reforms may not be so bad for pharmaceutical industry, as negotiations could presage 25% price cut for 25 drugs the program spends most on in 2026 and beyond

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