During the Democratic National Convention, Democratic politicians criticized the pharmaceutical industry for raising prescription drug prices. However, viewers at home were flooded with advertisements promoting drugs during commercial breaks, according to STAT.
Supply Chain
Teva Pharmaceuticals today issued a voluntary recall of seven lots of amikacin sulfate injection vials due to the possible presence of glass particulate matter in the drug.
While sales of the popular vaccine Prevnar fell short, Pfizer still reported better-than-expected revenue thanks to strong sales from new treatments.
Express Scripts, the largest pharmacy benefit manager in the country, will exclude 85 drugs from insurance coverage for 2017, according to Reuters.
To preserve competition within the drug market, the Federal Trade Commission ordered Teva Pharmaceuticals to divest 79 drug products before acquiring Allergan's generic pharmaceutical business, representing the largest drug divestiture order in an FTC pharmaceutical merger case.
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America's Essential Hospitals, based in Washington D.C., will partner with the group purchasing organization Premier.
The FDA issued a final guidance on Friday stating it will not regulate low-risk general wellness products that promote a healthy lifestyle.
A team of researchers at Massachusetts's Institute of Technology in Cambridge developed a portable production system that can immediately manufacture a variety of biopharmaceuticals, according to MIT News.
Britain-based GlaxoSmithKline and Verily Life Sciences will enter the bioelectronic medicine market with the formation of a new biotech called Galvani Electronics.
With the end of the second quarter wrapping up, drug industry giants are reporting a variety of financial results.