Teva Pharmaceutical Industries Ltd. has agreed to pay $420 million to settle shareholder litigation alleging the company hid an anti-competitive scheme to fix the price of generic drugs. The settlement was disclosed on Tuesday in papers filed in federal court in Connecticut. The company did not admit to wrongdoing. Teva spokesperson Kelley Dougherty said the…
Teva Settles Shareholder Lawsuit Over Generic Drug Pricing for $420 Million
Fatal Fentanyl Overdose of Hartford 13-Year-Old Brings Calls for Naloxone in Schools
By Daniela Altimari From Hartford Courant HARTFORD, Conn.—The death of a 13-year-old Hartford boy who overdosed on fentanyl last week at the Sport and Medical Sciences Academy is spurring new calls to stock school nurses’ offices with naloxone, a powerful tool to treat overdoses. A spokesman for Hartford Mayor Luke Bronin said Sunday that the…
Pfizer Says It Applied for Japan Government’s Approval for Oral COVID-19 Drug
January 14, 2022
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TOKYO—U.S. drugmaker Pfizer Inc. said on Friday it has applied for Japanese government approval for its oral COVID-19 treatment. The application is based on global Phase II/III trials that Japan was part of, Pfizer said in a statement. With COVID-19 cases surging again, Japan is betting heavily on oral treatments to keep serious infections and…
Man Arrested After Body Found in Freezer in New Orleans
NEW ORLEANS—Authorities investigating the disappearance of a woman who was reported missing found a headless human torso in a freezer inside an old bus parked beside a New Orleans home. A man who lived at the house was arrested on an obstruction charge after the remains were found, news outlets reported, but no charges were…
Biogen, Eisai Alzheimer’s Drug Lecanemab Gets ‘Fast Track’ Designation From FDA
Biogen Inc. and Japanese partner Eisai Co. said on Thursday the U.S. Food and Drug Administration (FDA) had granted “fast track” designation to their experimental therapy lecanemab for the treatment of early Alzheimer’s disease. The FDA had granted “breakthrough” therapy designation to the drug earlier this year. The drug works in a similar manner to…
France Cancels Order for Merck’s COVID-19 Antiviral Drug
PARIS—France has canceled its order for Merck & Co.’s COVID-19 antiviral drug following disappointing trial data and hopes instead to receive Pfizer’s competing drug before the end of January, the health minister said on Wednesday. France is the first country to publicly say it has canceled an order for the Merck treatment after the company…
Former Dealer, User Details Newport Beach’s Secret Drug Trade
NEWPORT BEACH, Calif.—Heavy rain drops began to fall against a white truck marked “HAZMAT” parked at the end of the 100 block of Diamond Ave in the quaint Balboa Island neighborhood, surrounded by expensive yachts that line the Newport Beach Harbor. Just 300 feet away in a home across the threshold of yellow police tape…
Biogen Halves Price of Alzheimer’s Drug to $28,200
Biogen Inc. on Monday cut the price of its Alzheimer’s drug by about half to $28,200 for an average weight person after facing slower-than-expected U.S. sales on complaints from hospitals that its high cost was not worth its benefits. The U.S. Food and Drug Administration (FDA) approved the drug, Aduhelm, in June to treat the…
3 Men Accused of Dumping Bodies of Model, Designer After Drug Overdoses
December 18, 2021
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By Richard Winton and Lila Seidman From Los Angeles Times LOS ANGELES—The lives of a young model and an architect in Los Angeles were cut short when they were allegedly given an overdose of drugs and left for dead at nearby hospitals, officials said this week. Christy Giles, 24, and Hilda Marcela Cabrales Arzola, 26,…
US Offers $35 Million Prize to Aid Capture of Drugmakers From China, Mexico
December 15, 2021
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The U.S. State Department is offering up to $35 million for information that could lead to the arrests of seven drug dealers from China and Mexico, in an effort to curb fentanyl and other illicit drugs from flooding into the United States. The announcement came right after President Joe Biden on Dec. 15 signed two…
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