Latest Pharmaceutical manufacturing News

Pelosi's prescription for high drug prices clears committee

Oct. 22, 2019 10:15 PM EDT

WASHINGTON (AP) — A powerful House panel has approved House Speaker Nancy Pelosi's legislation to lower prescription drug prices for seniors and working-age people. The Ways and Means committee voted Tuesday along party lines, moving the bill closer to floor action. It fulfills a long-sought Democratic...

Over-the-counter heartburn drug Zantac pulled in US, Canada

Oct. 18, 2019 3:56 PM EDT

Drugmaker Sanofi is recalling its over-the-counter heartburn drug Zantac in the U.S. and Canada because of possible contamination. The French company Friday joined other drugmakers that have recently recalled their versions of the popular heartburn and ulcer drug. In September, the Food and Drug Administration...

European Medicines Agency recommends licensing Ebola vaccine

Oct. 18, 2019 7:30 AM EDT

LONDON (AP) — The European Medicines Agency has recommended that the world's first Ebola vaccine be approved, after it was administered to hundreds of thousands of people in Africa. The agency on Friday described licensing the vaccine as "an important step toward relieving the burden of this deadly...

Pelosi moves on drug prices despite falling-out with Trump

Oct. 17, 2019 8:11 PM EDT

WASHINGTON (AP) — House Speaker Nancy Pelosi is plowing ahead with her bill to allow Medicare to negotiate prescription drug prices despite a breakdown in relations with her chief bargaining partner on the issue — President Donald Trump. The nonpartisan Congressional Budget Office has estimated the...

Higher 3Q profit, improved outlook for Johnson & Johnson

Oct. 15, 2019 10:56 AM EDT

NEW BRUNSWICK, N.J. (AP) — Johnson & Johnson's third-quarter profit jumped 23%, beating Wall Street forecasts, thanks to higher sales of its key medicines for cancer and immune disorders and an acquisition-related charge a year earlier. The world's biggest maker of health care products also raised its...

Asia shares mixed as optimism over China-US trade deal fades

Oct. 15, 2019 1:06 AM EDT

BANGKOK (AP) — Shares were mixed in Asia on Tuesday after a wobbly day of trading on Wall Street. Japan's Nikkei 225 index jumped 1.8% to 22,194.94 as Tokyo reopened from a public holiday and investors caught up on the news of a preliminary trade deal between China and the U.S. struck Friday in Washington....

Markets Right Now: Stocks notch their first gain of the week

Oct. 9, 2019 4:08 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing broadly higher on Wall Street, giving the market its first gain this week. Technology companies and banks led the way higher Wednesday. Microsoft rose 1.9% and Citigroup climbed 1.6%. The gains came...

California OKs pharmacists to dispense HIV prevention meds

Oct. 7, 2019 7:32 PM EDT

SACRAMENTO, Calif. (AP) — Pharmacists in California will be able to dispense HIV prevention pills to patients without a doctor's prescription after Gov. Gavin Newsom signed legislation Monday that supporters say will greatly reduce the spread of infection. Advocates of Senate Bill 159 say California is the...

UK restricts exports on some drugs to reduce shortages

Oct. 3, 2019 12:44 PM EDT

LONDON (AP) — Britain’s government on Thursday restricted the export of 24 drugs as part of efforts to reduce shortages of some medicines, including hormone replacement therapy drugs, Hepatitis B vaccines and adrenaline pens. The restrictions announced will prevent wholesalers from taking advantage...

Trump and Pelosi aides talk drug costs despite impeachment

Oct. 1, 2019 5:57 PM EDT

WASHINGTON (AP) — Even as the impeachment battle rumbled, senior White House and Democratic aides sat down Tuesday to discuss details of drug pricing legislation, officials on both sides said. Passing a law to curb prescription drug prices remains a top policy priority for President Donald Trump and House...