Latest Pharmaceutical industry regulation News

The Latest: Plan to allow drug imports will take time

Jul. 31, 2019 6:26 PM EDT

WASHINGTON (AP) — The Latest on President Donald Trump's plan to lower prescription drug prices (all times local): 6:20 p.m. It's unclear how soon consumers will see benefits from a Trump administration plan to allow Americans to legally and safely import lower-cost prescription drugs from Canada for the...

US to set up plan allowing prescription meds from Canada

Jul. 31, 2019 4:47 PM EDT

WASHINGTON (AP) — The Trump administration said Wednesday it will create a way for Americans to legally and safely import lower-cost prescription drugs from Canada for the first time, reversing years of refusals by health authorities amid a public outcry over high prices for life-sustaining medications....

Senators target insulin price rise with bipartisan proposal

Jul. 26, 2019 4:44 PM EDT

PORTSMOUTH, N.H. (AP) — A group of senators has a plan to reduce insulin prices with legislation intended to hold pharmaceutical companies and insurance companies more accountable. The proposal's called the Insulin Price Reduction Act and its sponsors say it would incentivize reductions in list prices. The...

Lawmakers send $43 billion budget to governor 3 weeks late

Jul. 23, 2019 6:10 PM EDT

BOSTON (AP) — Nearly a month into the new budget year, Massachusetts is finally on track to have a spending plan in place. Republican Gov. Charlie Baker is weighing a $43.1 billion budget approved Monday by state lawmakers. The spending plan includes proposals that would rein in Medicaid prescription drug...

Counties: Drug companies shipped suspicious opioid orders

Jul. 19, 2019 9:53 PM EDT

COLUMBUS, Ohio (AP) — Companies that make and distribute opioids didn't abide by a requirement that they refuse to ship orders of the powerful prescription painkillers when they deemed them suspicious, helping fuel a national addiction and overdose crisis, two Ohio counties said in a legal filing Friday....

Setbacks for Trump's drive to lower prescription drug costs

Jul. 11, 2019 6:09 PM EDT

WASHINGTON (AP) — After two setbacks this week, President Donald Trump is now focusing his drive to curb drug costs on congressional efforts aimed at helping people on Medicare and younger generations covered by workplace plans. The White House on Thursday yanked its own regulation to ease the financial...

More states move to protect patients seeking prescribed meds

Jul. 1, 2019 2:15 PM EDT

AUGUSTA, Maine (AP) — A growing number of states have passed laws in hopes of helping patients get the medication they want despite the cost, including Maine under a new law recently signed by Democratic Gov. Janet Mills. The new law, which mirrors similar legislation twice vetoed by the former Republican...

Oklahoma judge signs state's $85M settlement with drugmaker

Jun. 24, 2019 6:05 PM EDT

OKLAHOMA CITY (AP) — A judge in Oklahoma signed off on the state's $85 million settlement with Israeli-owned Teva Pharmaceuticals on Monday following a squabble between the attorney general, Legislature and governor over how the deal was structured. Cleveland County District Judge Thad Balkman signed the...

New drug to boost women's sex drive approved in US

Jun. 21, 2019 6:21 PM EDT

WASHINGTON (AP) — U.S. women will soon have another drug option designed to boost low sex drive: a shot they can give themselves in the thigh or abdomen that raises sexual interest for several hours. The medication OK'd Friday by the Food and Drug Administration is only the second approved to increase...