Big Pharma

8 Stories

Company Sold $1.3B of a Drug That's Not Hugely Effective

Inside New York state's pushback against Orkambi

(Newser) - Only 28,000 of the planet's 7 billion people are eligible to take the cystic fibrosis drug Orkambi. And yet that tiny population enabled drugmaker Vertex to make roughly $1.3 billion in sales off the product. How does that math work out? The annual price of the drug... More »

Big Pharma Is 'Relieved' Over Trump Plan on Drug Prices

One tangible change: Drugmakers may have to list prices on TV ads

(Newser) - President Trump's long-awaited plan to bring down drug prices will mostly spare the pharmaceutical industry he previously accused of "getting away with murder" and instead focus on increasing private competition and requiring more openness about costs, per the AP . In Rose Garden remarks at the White House, Trump... More »

This Drug Just Got the FDA's OK—and an $89K Price Tag

Marathon Pharmaceuticals to sell deflazacort for $89K

(Newser) - A drug sold for years overseas to treat a rare form of muscular dystrophy was OKed Thursday by the FDA to be sold in the US, but it comes at a high price. The Wall Street Journal reports the now-FDA-approved deflazacort will be offered by Marathon Pharmaceuticals for $89,000... More »

The Drug Costs $95K. Its Maker 'Dodged' $10B in Taxes

Gilead Sciences' Hep C treatment can run $94,500

(Newser) - A pharmaceutical company that has in recent years made billions of dollars on hepatitis C treatments—the three the FDA has approved range from $75,000 to $94,500 —has been named a "price gouger" and "tax dodger" in a new report . Gilead Sciences, the sixth richest... More »

Pharma Company Still Hasn't Reversed 5,000% Price Hike

Even though Martin Shkreli said they would backtrack

(Newser) - Two weeks ago, Martin Shkreli, the controversial CEO of Turing Pharmaceuticals, said that, following much public pressure, he would dial back his company's 5,000% price hike on a toxoplasmosis drug. But Daraprim, which jumped from $13.50 to $750 per pill, still costs the same amount, Business Insider... More »

We Should Be Thanking Price-Gouging Drug CEO

Vox writer explains why Martin Shkreli is an 'American hero'

(Newser) - If Martin Shkreli is not the most vilified man in American right now, he's in the conversation. (Consider this headline at the Daily Beast : "Martin Shkreli Lowers Drug Price, Is Still an A--hole.") But at Vox , Dan Diamond makes the case that we should all be... More »

America's Most Popular Drug Is... (You Won't Know)

...Abilify, an anti-psychotic that curbs severe mental illness

(Newser) - America's best-selling drug is ... Viagra? Prozac? Nah, it's actually an anti-psychotic called Abilify that comes with two surprising factoids: It's designed to treat severe mental illnesses like schizophrenia and bipolar disorder but is now also widely prescribed for depression, and the FDA can't explain how it... More »

Birth Control Shot for Guys May Be Here by 2017

Long-lasting Vasalgel contraceptive would require just a single injection

(Newser) - There may be another birth control option headed our way, and the guys will get to take the lead on this one. The Parsemus Foundation has tested an injectable, non-hormonal polymer contraceptive on male baboons that appears to successfully prevent pregnancy in females, Medical Daily reports. The procedure, which requires... More »

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