Supply Chain

Hillary Clinton's plan to monitor and lower the cost of prescription drugs will hinder investments into new drugs and negatively impact consumers Pfizer's CEO Ian Read said Thursday during a webcast at the Wells Fargo's healthcare conference in Boston.

While the pharmaceutical industry has found itself under increasing scrutiny for high drug prices , Fortune recently highlighted the good deeds of four drugmakers in its 2016 "Change the World" list.

Medical device makers are feeling the weight of the Food and Drug Administration's unique device identifier regulations.

While Mylan recently announced it would provide a generic version of its controversially expensive EpiPen, Consumer Reports magazine acknowledged that a cheaper version of the medication already exists.

Prescriptions for Mylan's life-saving EpiPen medications have increased over the past four years, peaking every year in August. Last month, the number of prescriptions surpassed totals from the previous three Augusts, according to a report from athenahealth.

While Mylan CEO Heather Bresch has faced immense backlash for the rising cost of EpiPens and her correspondingly high salary, her father, Sen. Joe Manchin (D-W.Va.) is defending his daughter.

A Senate panel will look into Mylan's controversial price markups for the Amsterdam-based drugmakers life-saving EpiPen medication, reported NBC News.

The American Academy of Pediatrics has updated its annual flu season guidelines. The updates include a non-endorsement of AstraZeneca's nasal flu vaccine. The AAP asserts FluMist should not be used in any setting during the upcoming season.

Following the EpiPen price hike controversy, Allergan CEO Brent Saunders promises his company will limit price increases on its prescription drugs.

In response to increased scrutiny regarding the price of pharmaceuticals, the Biotechnology Innovation Organization launched a national ad campaign contending that expensive biotech drugs will reduce healthcare expenses in the long run by curing diseases, according to The Hill.