Big Pharma

15 Stories

New Cancer Drugs Are Making an Impact

But they often cost $100K or more per year

(Newser) - Newer drugs are substantially improving the chances of survival for some people with hard-to-treat forms of lung, breast, and prostate cancer, doctors reported at the world's largest cancer conference, the AP reports. Among those who have benefited is Roszell Mack Jr., who at age 87 is still able to... More »

New Drug Could Cure Horrible Disease. Now, Brace Yourself

Novartis AG is expected to sell Zolgensma for $2M per treatment

(Newser) - A new wonder drug is coming for babies with a crippling, often fatal disease. Expected price tag: $2 million per treatment, the Wall Street Journal reports. Novartis AG is expected to begin selling Zolgensma, a possible cure for spinal muscular atrophy, after the FDA approves it this month. Novartis executives... More »

States Bring Price-Fixing Suit Against Generic Drug Makers

More than 40 states are involved

(Newser) - Attorneys general from more than 40 states are alleging the nation's largest generic drug manufacturers conspired to artificially inflate and manipulate prices for more than 100 different generic drugs, including treatments for diabetes, cancer, arthritis, and other medical conditions, the AP reports. The lawsuit, filed in federal court Friday,... More »

Drugmaker Makes Big Change to TV Ads

Johnson & Johnson will do what has never been done before

(Newser) - Johnson & Johnson said Thursday it will start giving the list price of its prescription drugs in television ads, the AP reports. The company would be the first drugmaker to take that step. The health care giant will begin with its popular blood thinner, Xarelto, says Scott White, head of... More »

Sanders Demands to Know Why Drug Went From Free to $375K

The medication, Firdapse, treats a rare neuromuscular disease

(Newser) - Calling it corporate greed, Bernie Sanders wants a pharmaceutical company's justification for why it charges $375,000 per year for a drug that used to be free. "I am profoundly concerned that Catalyst's actions will cause patients to suffer or die," the Vermont senator and possible... More »

Pharma Giant Unveils New Plan Despite Trump Slam

Pfizer is raising prices on 10% of its drugs

(Newser) - Give it to Pfizer—they waited a while. The pharmaceutical giant is raising the price of 41 prescription drugs after hitting the pause button this summer when President Trump opposed a price hike, reports CNBC . Most prices are slated to rise 5%, while Stocks Beat says the pain drug Lyrica... More »

Guy Behind OxyContin Breaks the Irony Record

Richard Sackler is named as an inventor of new anti-opioid drug

(Newser) - Irony alert: A billionaire accused of worsening the opioid crisis just won a patent for a drug to treat opioid addiction, Stat News reports. Richard Sackler, whose family owns OxyContin-maker Purdue Pharma, is one of six inventors behind a new medication that could help people get off drugs including opioids.... More »

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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