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Pharmacy

The PBM market is dominated by three major players, who together handled about 76 percent of all prescription claims in 2018, according to Drug Channels Institute.

Almirall, formerly named Aqua Pharmaceuticals, agreed to pay $3.5 million to resolve allegations that it paid physicians kickbacks to boost prescriptions, the U.S. Justice Department announced May 29.

The FDA approved Novartis' $2.1 million gene therapy for spinal muscular atrophy last week — making it the world's most expensive drug. However, the $2.1 drug price record won't last long, according to an opinion piece on Bloomberg.

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Johnson & Johnson will cut 61 jobs at its site in New Brunswick, N.J., according to a WARN notice filed with the state.

Heritage Pharmaceuticals issued a recall for two injectable drugs after microbial growth was detected in an unreleased lot of both products, according to a recall notice on the FDA's website.

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