Advertisement

Pharmacy

Despite opposition by several parties, Takeda Pharmaceutical shareholders voted to approve its multibillion dollar deal to buy Shire, valued at about $58 billion, according to The Wall Street Journal.

CVS Health, the drugstore chain that operates one of the largest pharmacy benefit managers in the nation, will launch a new "guaranteed net cost" pricing model that will pass its health plan clients 100 percent of any rebates, discounts or…

Pharma giant AbbVie donated $50 million to Memphis, Tenn.-based St. Jude Children's Research Hospital, the largest single donation in the hospital's history.

Advertisement

Four companies — Walmart, Aurobindo Pharma, ScieGen Pharmaceuticals and Westminster Pharmaceuticals — were hit with a lawsuit alleging they contributed to the sale and production of impure drugs, according to a federal complaint filed Dec. 1.

The FDA failed to consistently record and evaluate necessary information to ensure drugs given the prized rare-disease designation met the legal standards required by the Orphan Drug Act, according to a new report from the Government Accountability Office.

Advertisement