U.S. Senators urge FTC to scrutinize multi-billion dollar pharma mergers

U.S. Senators urge FTC to scrutinize multi-billion dollar pharma mergers
FILE PHOTO: Democratic U.S. presidential candidate Senator Amy Klobuchar speaks at the 2019 Presidential Galivants Ferry Stump Meeting in Galivants Ferry, South Carolina, U.S. September 16, 2019. REUTERS/Randall Hill (Reuters) – U.S. presidential hopeful Amy Klobuchar on Tuesday led a letter by U.S. senators that urged the Federal Trade Commission (FTC) to closely scrutinize pharma mergers, raising concerns about the... Read More

Oxycontin maker Purdue begins bankruptcy in push to settle opioid lawsuits

Oxycontin maker Purdue begins bankruptcy in push to settle opioid lawsuits
(Reuters) – OxyContin maker Purdue Pharma LP is expected in court on Tuesday to lay out its plan for using bankruptcy to resolve more than 2,600 lawsuits alleging the company fueled the U.S. opioid crisis. FILE PHOTO: A pharmacist holds a bottle OxyContin made by Purdue Pharma at a pharmacy in Provo, Utah, U.S., May 9, 2019. REUTERS/George Frey/File Photo... Read More

With a backup to the backup, insulin makers say they’re primed for Brexit

With a backup to the backup, insulin makers say they’re primed for Brexit
LONDON (Reuters) – For two men trained as scientists, the bosses of Britain’s major insulin providers have had to become experts in ferry schedules, trucking laws and warehouse capacity as they seek to guarantee the supply of life-saving drugs through a chaotic Brexit. FILE PHOTO: A Novo Nordisk employee controls a machine at an insulin production line in a plant... Read More

OxyContin maker Purdue Pharma files for bankruptcy protection

OxyContin maker Purdue Pharma files for bankruptcy protection
NEW YORK (Reuters) – OxyContin maker Purdue Pharma LP filed for bankruptcy protection in New York Sunday night, succumbing to pressure from more than 2,000 lawsuits alleging the company helped fuel the deadly U.S. opioid epidemic. FILE PHOTO: Bottles of prescription painkiller OxyContin pills, made by Purdue Pharma LP sit on a counter at a local pharmacy in Provo, Utah,... Read More

Companies ask judge in U.S. opioid trial to recuse himself

Companies ask judge in U.S. opioid trial to recuse himself
WASHINGTON (Reuters) – Major drug wholesalers and retailers facing a massive lawsuit for allegedly fostering the nation’s opioid crisis asked the judge hearing the case to recuse himself on Saturday. Federal Judge Dan A. Polster, of the U.S. District Court’s Northern District of Ohio, poses in an undated photo obtained by Reuters in Cleveland, Ohio, U.S. June 24, 2019. Northern... Read More

Consumer groups, unions urge caution on $63 billion AbbVie deal for Allergan

Consumer groups, unions urge caution on $63 billion AbbVie deal for Allergan
WASHINGTON (Reuters) – About a dozen advocacy groups and unions, including Public Citizen and the American Federation of Teachers, wrote the Federal Trade Commission on Thursday urging it to consider blocking drugmaker AbbVie Inc’s (ABBV.N) planned $63 billion purchase of Botox maker Allergan Plc (AGN.N). FILE PHOTO: A screen displays the share price for drugmaker AbbVie on the floor of... Read More

Climate change pushes U.S. fund managers to bet on AC makers

Climate change pushes U.S. fund managers to bet on AC makers
NEW YORK (Reuters) – Record heatwaves in Europe and Asia this summer are leading fund managers to buy shares of air conditioning manufacturers, betting that the public health risks of rising temperatures will compel businesses and apartment building owners to install cooling systems. FILE PHOTO: A pharmacy sign displays a temperature of 37 degrees Celsius in Marseille as a heatwave... Read More

Reuters asks judge to release secret Propecia documents

Reuters asks judge to release secret Propecia documents
SAN FRANCISCO (Reuters) – Reuters asked a U.S. judge on Thursday to unseal documents filed in court regarding potential risks associated with Propecia, Merck & Co’s (MRK.N) popular baldness drug. A bottle of Propecia is seen on a pharmacy shelf in New York City, U.S., August 8, 2019. Picture taken August 8, 2019. REUTERS/Zachary Goelman The motion was filed in... Read More

U.S. judge approves novel framework for opioid settlement talks

U.S. judge approves novel framework for opioid settlement talks
(Reuters) – A federal judge on Wednesday approved the substance of a proposal by lawyers representing cities and counties suing drug companies over the U.S. opioid epidemic that would bring every state and municipality in the country into their settlement talks. FILE PHOTO: Bottles of several opioid based medication at a pharmacy in Portsmouth, Ohio, June 21, 2017. REUTERS/Bryan Woolston/File... Read More

Top U.S. trade official submits USMCA ideas to Democrats: lawmakers

Top U.S. trade official submits USMCA ideas to Democrats: lawmakers
WASHINGTON (Reuters) – The Trump administration on Wednesday sent U.S. House of Representatives Democrats its latest proposals for addressing legislators’ concerns about the new U.S.-Mexico-Canada trade deal, lawmakers and congressional sources said. FILE PHOTO: U.S. Trade Representative Robert Lighthizer testifies before a Senate Finance Committee hearing on “The President’s 2019 Trade Policy Agenda and the United States-Mexico-Canada Agreement” on Capitol... Read More