Category: pharmaceutical company

Bayer Paying $40 Million to Settle Lawsuits Over False Claims

September 5, 2022
BayerBig PharmaBrightBusiness & MarketsCompaniescorporate fraudhealthHealth NewsJudiciaryNews & Discoveriespharmaceutical companyUSUS News
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Pharmaceutical manufacturer Bayer Corporation and its related entities are to pay $40 million to resolve two whistleblower lawsuits filed by a former employee. The lawsuits were filed by Laurie Simpson who used to work in Bayer’s marketing department. They are related to false claims made by the company about three of its drugs: Trasylol, Avelox,…

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Novo Nordisk Shares Tank After Key Drug Hope Hit by US Supply Issues

December 20, 2021
Business & EconomyDanishEuropeobesitypharmaceutical companyWorld
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COPENHAGEN—Novo Nordisk shares fell as much as 16 percent on Monday after the Danish drugmaker was hit by U.S. supply issues for its new obesity drug as it seeks to establish a market foothold before the launch of a rival drug by Eli Lilly. The obesity market has proved difficult for pharmaceuticals companies, but Novo…

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UK Government Pulls Agreement With Valneva Over COVID-19 Vaccine

September 13, 2021
CCP Viruspharmaceutical companyUKVaccineVaccines & SafetyWorld
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The UK government has terminated an agreement with French pharmaceutical company Valneva for its COVID-19 vaccination, the company said. Some 100 million doses of the vaccine were put on order after the UK increased its request by 40 million in February. The government served notice over allegations of a breach of the agreement, but the…

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