A new law in Colorado, signed in May, caps the price of insulin for insured patients at $100 a month. Now, other states may follow suit, according to Wochit News.
Pharmacy
Citing "rising and unpredictable healthcare costs," Walgreens said it would no longer subsidize health insurance for its retired employees who hadn't turned 64 by March 31 of this year, according to CNBC.
Insys Therapeutics filed for bankruptcy less than one week after agreeing to pay $225 million to settle a probe into alleged improper marketing of its opioid painkiller, according to Bloomberg.
Ten hospitals and health systems that posted job listings seeking pharmacy leaders in the last week:
Sanofi has selected Paul Hudson, Novartis' pharma chief, to serve as its new CEO, according to Bloomberg.
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Four drugs or medical devices approved by the FDA since May 31:
The U.S. Department of Labor is accusing an Ohio pharmacy of improperly firing one of its techs after concerns were raised about safety lapses, according to a WHIO TV news report.
CVS Caremark will pay $15.3 million to settle a lawsuit accusing the pharmacy benefit manager of denying overtime pay to employees in its call centers nationwide, according to a KCUR news report.
Eli Lilly secured federal approval for Emgality, the first migraine treatment approved in the U.S. for decreasing the frequency of episodic cluster headache attacks, the FDA announced June 4.
Insys Therapeutics has agreed to pay $225 million to settle allegations of illegally marketing an addictive fentanyl painkiller to physicians, the U.S. Justice Department announced June 5.