Supreme Court blocks $6 billion Purdue Pharma opioid settlement and will hear case this fall
The Supreme Court on Thursday blocked Purdue Pharma from going forward with bankruptcy proceedings, which the Biden administration has called an "unprecedented" arrangement that would ultimately offer the Sackler family broad protection from opioid-related civil claims.
2023-08-11 04:49
US Supreme Court to scrutinize Purdue Pharma bankruptcy settlement
By John Kruzel and Andrew Chung WASHINGTON (Reuters) -The U.S. Supreme Court on Thursday agreed to hear a challenge by
2023-08-11 04:16
Purdue asks Supreme Court not to block opioid settlement during US appeal
By Dietrich Knauth NEW YORK Oxycontin maker Purdue Pharma on Friday asked the U.S. Supreme Court to reject
2023-08-05 06:25
Teva agrees to pay $126 million to US hospitals over opioids
By Brendan Pierson Teva Pharmaceutical Industries Ltd has agreed to pay up to $126 million to U.S. hospitals
2023-08-04 00:50
CVS is laying off 5,000 workers
CVS is laying off about 5,000 employees in a cost-cutting effort, the pharmacy chain confirmed Tuesday.
2023-08-01 20:50
Purdue Pharma bankruptcy can proceed despite potential US Supreme Court appeal
By Dietrich Knauth NEW YORK OxyContin maker Purdue Pharma may proceed with a bankruptcy settlement that protects its
2023-07-26 05:57
Nvidia invests $50 million in Recursion to train AI models for drug discovery
(Reuters) -Nvidia invested $50 million to speed up training of biotech firm Recursion's artificial intelligence models for drug discovery, which
2023-07-12 20:50
US FDA approves BioMarin's gene therapy for hemophilia A
By Nathan Gomes (Reuters) -The U.S. Food and Drug Administration on Thursday approved BioMarin Pharmaceutical's gene therapy for hemophilia A,
2023-06-30 04:16
Teva to pay Nevada $193 million over role in opioid epidemic
By Brendan Pierson Teva Pharmaceutical Industries on Wednesday agreed to pay Nevada $193 million to settle claims that
2023-06-08 05:23
US doctors forced to ration as cancer drug shortages hit nationwide
One woman denied a chemotherapy drug compared the situation to "triage on the battlefield".
2023-06-08 02:23
Purdue Pharma can protect Sackler owners in opioid bankruptcy, court rules
By Dietrich Knauth NEW YORK Bankrupt OxyContin maker Purdue Pharma can shield its owners, members of the wealthy
2023-05-30 22:55
U.S. FDA approves Lexicon Pharma's heart failure drug
(Reuters) -The U.S. Food and Drug Administration (FDA) has approved Lexicon Pharmaceuticals Inc's drug as a broad treatment for heart
2023-05-27 04:54