Search Results for: drug manufacturers

The US Senate unanimously passed the Ensuring Innovation Act and the Advancing Education on Biosimilars Act Thursday, two pieces of bipartisan legislation aiming to lower prescription drug prices by increasing competition. The Ensuring Innovation Act addresses loopholes used by companies to maintain the exclusive right to sell a drug. A company holds an exclusive right [...]

Pharmaceutical company Purdue Pharma pleaded guilty Tuesday to conspiracy charges related to the company’s marketing of OxyContin and other opioid products, admitting its tactics contributed to the nation’s opioid epidemic. On October 21 Purdue announced it had entered into an agreement with the US Department of Justice (DOJ) to resolve multi-year investigations into its marketing [...]

The US Department of Justice (DOJ) on Wednesday announced a global resolution of both criminal and civil investigations into opioid manufacturer Purdue Pharma, and civil investigations into the Sackler family. In the press release, the DOJ announced that “Purdue Pharma has agreed to plead guilty in federal court in New Jersey to a three-count felony [...]

In the 1970s, the federal government passed the Controlled Substance Act (“CSA”), outlawing a plethora of psychedelic substances. Many of these now illegal psychedelic plants have been used for sacramental purposes for eons. Over the following decades, a number of regulatory, statutory, and judicial exemptions were carved out of the CSA for religious use of [...]

California Governor Gavin Newsom signed a bill on Monday allowing the state to manufacture its own generic prescription drugs in order to lower the cost of prescription drugs. The law, California Affordable Drug Manufacturing Act of 2020, will require California’s Health and Human Services Agency (CHHSA) to partner with drug manufactures to produce and/or distribute [...]

A few months ago, the pharmaceutical company Gilead Sciences set a price tag on their drug remdesivir, the first medication shown to be effective for treating coronavirus. The price was set at $520 per vial or $3,120 per treatment course. Experts have called the price “not exorbitant,” and some expected a higher price tag. Yet, [...]

The US Court of Appeals for the Second Circuit on Monday reversed a judgment that prevented New York state from collecting over $600 million from drug companies in its attempt to combat the ongoing opioid crisis. The decision concerns New York’s Opioid Stewardship Act (OSA), which Governor Andrew Cuomo signed into law in 2018. The [...]

US President Donald Trump signed an executive order Sunday to lower drug prices. The purpose of the order is to cap the amount that Medicare would pay for pharmaceutical drugs relative to the prices paid by other nations. The cap is set at the lowest price of the drug that other nations have bargained with [...]

The Foshan Intermediate People’s Court sentenced Canadian citizen Ye Jianhui to death Friday for manufacturing and transporting drugs. It was the fourth death sentence imposed on a Canadian by a Chinese court since Meng Wanzhou, the Chief Financial Officer of Huawei Technologies Company, was arrested in Vancouver in 2018 on a US warrant. The death [...]

Throughout the duration of the COVID-19 pandemic, the demand for protective equipment, hand sanitizers, and other disinfecting materials has been on a steady rise, ushering an increased effort for mass production both in the United States and around the world. While many domestic and international factories shift from manufacturing consumer goods to medical-grade supplies, there [...]