The Biden administration has called on Pfizer, Moderna, and Novavax to price their updated Covid vaccines at a “reasonable” rate when they become available in the US this fall. The US Department of Health and Human Services stressed that excessive pricing would exploit the trust placed in the manufacturers by the American people throughout the …
An image of an Eli Lilly and Company pharmaceutical manufacturing plant in Branchburg, New Jersey, is showcased in the article. (Image source: Mike Segar | Reuters) According to a report released by Senator Elizabeth Warren on Thursday, uninsured Americans are still paying an average of nearly $98 for a vial of Eli Lilly’s generic insulin, …
Diet Coke in Supermarkets: World Health Organization Classifies Aspartame as a Possible Cancer Risk According to recent reports, aspartame, an artificial sweetener commonly found in diet fizzy drinks, ice cream, and chewing gum, is now being listed as a potential cancer risk to humans. The World Health Organization (WHO) has classified aspartame as a possible …
A healthcare worker prepares a dose of the Pfizer-BioNTech Covid-19 vaccine at a vaccination clinic in the Peabody Institute Library in Peabody, Massachusetts, on Wednesday, Jan. 26, 2022. Vanessa Leroy | Bloomberg | Getty Images The Biden administration unveiled a new initiative on Thursday to offer free Covid vaccines to uninsured Americans until December 2024, …
HRA Pharma is anticipating a final determination from the FDA in the summer regarding its application for nonprescription sales of Opill, also known as norgestrel. This development is expected to provide women and girls in the U.S. with easier access to contraception without the need for a prescription. The FDA approved Opill, the first over-the-counter …
The U.S. Chamber of Commerce seal is displayed during restoration at the headquarters in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images The U.S. Chamber of Commerce has filed a motion for a preliminary injunction in Ohio, seeking to block Medicare from exercising its new powers to negotiate drug prices prior to October 1st. …
A man wearing a mask walks past a Nvidia logo in Taipei, Taiwan. Sopa Images | Lightrocket | Getty Images Chip manufacturer Nvidia is set to invest $50 million in Recursion Pharmaceuticals to accelerate the development of the biotech firm’s cutting-edge artificial intelligence models for drug discovery. The joint announcement by both companies on Wednesday …
Rafael Henrique | Lightrocket | Getty Images European Union regulators have imposed a record €432 million ($476 million) fine on Illumina for completing its acquisition of cancer test developer Grail without obtaining regulatory approval. This fine represents 10% of San Diego-based Illumina’s turnover, the maximum allowed under EU merger rules. The fine levied on Illumina …
Boxes of the diabetes drug Ozempic can be seen in this captivating photo illustration taken at a pharmacy counter in Los Angeles on April 17, 2023. Mario Tama | Getty Images The European Union’s drug regulator announced on Tuesday that it has expanded its investigation into the potential risk of patients experiencing suicidal thoughts and …
A photo illustration of injector pens for the Wegovy weight loss drug in Chicago. (Jim Vondruska | Reuters) Only about one-third of patients prescribed Novo Nordisk’s blockbuster injection Wegovy continued taking it after a year, while the overall healthcare costs for the entire group skyrocketed, according to a recent analysis shared with CNBC. The analysis, …