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The Latest Breaking News on Pharma

Eye drop recall 2023: The full list of brands that have been recalled

We share the full list of eye drop brands that have been recalled, after being linked to a rare strain of bacteria that can cause blindness and even death.

GoodToKnow

BioNTech Stock Crumbles After 2023 Outlook Misses By Almost $3 Billion

BioNTech said Monday it expects roughly $5.4 billion in sales of its Covid shot this year, missing views and leading BNTX stock to tumble.

Investors Business Daily

Third Circuit Rejects Pacira Biosciences' Trade Libel Claim Over Article in Leading Medical Journal About EXPAREL

From Friday's Third Circuit decision in Pacira Biosciences, Inc. v. American Society of Anesthesiologists, Inc., written by Judge Patty Shwartz, joined by Judges Stephanos Bibas and Thomas Ambro: Pacira BioSciences, Inc. … sued the American Society of Anesthesiologists, Inc. …, the editor-in-chief of its medical journal, and the authors of…

Reason

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Macfarlan Smith proposes Newbie facility closure

Around 65 jobs are at risk of redundancy at the south of Scotland pharmaceutical plant

Insider UK

Alan Kohler: Australia’s biotech sector has suddenly got much bigger

It wouldn’t take much of a nudge from the government to create a very vibrant and economically significant biotech industry.

The New Daily

Laughing gas ban ‘will not stop young people using it’, say experts

The Drug Science Scientific Committee also said a blanket ban on nitrous oxide was ‘completely disproportionate’ to the harms it caused.

The Independent UK

3 Large-Cap Pharma Stocks to Protect Your Portfolio Through 2023

The worst banking crisis since 2008 could not stop the Fed from raising the benchmark interest rate. The possibility of further policy tightening and strict lending standards for banks might push the economy into a recession this year. Therefore, investing in large-cap pharma stocks Johnson & Johnson (JNJ), Merck &…

StockNews.com

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A blinding bacteria, four dead and an everyday brand blamed: What we know about the US eye drop recall

People have had to have their eyes surgically removed due to the bacteria

The Independent UK

2 Biotech Stocks to Buy Hand Over Fist in March

The biotech industry is expected to expand rapidly, driven by significant advancements and government initiatives. Furthermore, this sector tends to be relatively defensive and holds up relatively well during downturns. So, fundamentally sound biotech stocks Gilead Sciences (GILD) and Vertex Pharmaceuticals (VRTX) might be ideal buys now. Keep reading.

StockNews.com

Law Restricting Pharmacist Speech About Ivermectin and Hydroxycholoroquine Likely Violates the First Amendment

A federal judge issued a preliminary injunction against the enforcement of the law.

Reason

LA Sheriff's Department saw signs of deadly street drug 4 years ago, told health officials about it this month

LOS ANGELES — It was at least four years ago that Los Angeles County Sheriff’s Department officials say they began finding signs of a dangerous sedative infiltrating the local drug supply.

Los Angeles Times

Senators press Moderna CEO on COVID-19 vaccine price hike

Moderna’s CEO is defending a plan to more than quadruple the company’s COVID-19 vaccine price

The Independent UK

Novartis scraps cholesterol drug trial in blow to UK life sciences ambitions

Swiss firm’s withdrawal from Leqvio trial with NHS dents government plans to attract post-Brexit research and investment

The Guardian - UK

LOCALIZE IT: States weigh stricter fentanyl penalties

EDITORS/NEWS DIRECTORS:

The Independent UK

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StockNews.com

The Best Medical Stock That Money Can Buy

The medical industry, which thrived during the pandemic years, is envisioned to remain buoyed despite the economic headwinds, thanks to the inelastic demand the sector faces. Against this backdrop, we think the strong fundamentals of Johnson and Johnson (JNJ) make it a wise portfolio addition. Read on….

Los Angeles Times

US issues warning about Mexican pharmacies selling tainted, counterfeit pills

The U.S. State Department issued a warning Friday for Americans to “exercise caution” when buying medications from drug stores in Mexico, posting the health alert a week after a letter from two lawmakers and an investigation by the Los Angeles Times.

Los Angeles Times

Newsom announces $50 million contract to make California’s own brand of insulin

LOS ANGELES — California Gov. Gavin Newsom announced a new $50-million contract with the nonprofit generic drugmaker Civica to produce insulin under the state’s own label during a news conference Saturday in Downey.

Daily Mirror

Four people forced to have their eyeballs removed after using contaminated eye drops

The Centres for Disease Control and Prevention has identified a rare strain of Pseudomonas aeruginosa in 68 patients across 16 states in the US due to contaminated eyedrops

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Reuters

Amid U.S. pressure on fentanyl, Mexico raises drug lab raids data

Mexico's army has dramatically revised upward the number of drug lab raids it says it conducted under President Andres Manuel Lopez Obrador, according to government data and leaked military documents reviewed by Reuters.

Investors Business Daily

Medicare Negotiation Undercuts Biotech Stocks Regeneron, Halozyme

Confusion over new Centers for Medicare and Medicaid Services negotiating plans sent REGN and HALO stocks tumbling Thursday.

The Guardian - UK

Firm behind Wegovy slimming jab suspended from UK trade association

Novo Nordisk found to be in breach of ABPI code of practice over sponsored weight-loss courses that promoted its medicines

Tribune News Service

Judge weighs FDA approval of abortion drug

WASHINGTON — A federal district judge heard oral arguments Wednesday in a controversial case that could decide the fate of the Food and Drug Administration’s approval of the abortion drug mifepristone — a decision that would have broad ramifications nationwide.

Chicago Tribune

Federal government to penalize AbbVie over the price of its blockbuster drug Humira

North Chicago-based drugmaker AbbVie must pay back Medicare for raising the price of its blockbuster drug Humira too quickly, the federal government said Wednesday.

The Guardian - UK

Jeremy Hunt aims to spur business investment with ‘full expensing’ tax break

Measure over next three years will allow firms to write off costs of IT equipment and machinery against tax on profits

ABC News

Governments are increasingly reliant on consulting firms. Critics says it's often to their detriment

Critics say governments are outsourcing their own knowledge and activities to consulting firms, yet these firms aren't held to the same standards as the public sector.

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