Latest Prescription drugs News

Sanders to Biden: Cut back looming Medicare premium hike

Dec. 03, 2021 17:14 PM EST

WASHINGTON (AP) — Sen. Bernie Sanders is asking the White House to cut back a big Medicare premium hike set to take effect in weeks and tied to a pricey Alzheimer's drug whose benefits have been widely questioned. In a letter Friday to President Joe Biden, the Vermont...

Cap on drug price hikes for privately insured sparks battle

Nov. 21, 2021 08:07 AM EST

WASHINGTON (AP) — Workers and families with private health insurance would reap savings on prescription drugs from a little-noticed provision in President Joe Biden's sweeping social agenda bill. It's meant to break the cycle of annual price increases for widely used medicines. ...

Biden picks ex-FDA chief Robert Califf to again lead agency

Nov. 12, 2021 15:10 PM EST

WASHINGTON (AP) — President Joe Biden on Friday chose Dr. Robert Califf, a former Food and Drug Administration commissioner and prominent medical researcher, to again lead the powerful regulatory agency. Califf's nomination comes after months of concern that the agency...

Johnson & Johnson to split into 2, aim for faster growth

Nov. 12, 2021 14:49 PM EST

Johnson & Johnson is peeling off a consumer health business that helped it become the world’s biggest health care products maker. The company said Friday that it will separate its segment that sells Band-Aids, Listerine and over-the-counter medicines like Tylenol...

Johnson & Johnson to break into two, separating retail products business from prescription drugs and medical devices

Nov. 12, 2021 06:48 AM EST
NEW BRUNSWICK, N.J. (AP) — Johnson & Johnson to break into two, separating retail products business from prescription drugs and medical devices.

Real Medicare drug savings in Dems' bill — but not overnight

Nov. 11, 2021 00:07 AM EST

WASHINGTON (AP) — Medicare enrollees who take expensive medicines could save thousands of dollars a year under the Democrats’ sweeping social agenda bill, but those dividends won't come overnight. Instead, they'll build gradually over the decade. Unveiled late last...

Paid leave, immigration, tax changes added to Biden bill

Nov. 03, 2021 20:12 PM EDT

WASHINGTON (AP) — House Democrats added a new paid family leave program, immigrant work permits and a state-and-local tax break to President Joe Biden’s $1.75 trillion social services and environmental bill Wednesday, reviving key priorities in the rush to finish up and start voting after...

Democrats reach drug price deal, Biden upbeat on Manchin

Nov. 02, 2021 19:44 PM EDT

WASHINGTON (AP) — Democrats reached agreement Tuesday on a plan to lower prescription drug costs for most older people, capping out-of-pocket Medicare costs at $2,000 and reducing the price of insulin, salvaging a campaign promise as part of President Joe Biden's $1.75 trillion domestic...

Manchin wavers on Biden's plan, Democrats vow to push ahead

Nov. 01, 2021 22:08 PM EDT

WASHINGTON (AP) — Pivotal Sen. Joe Manchin wavered Monday on his support for President Joe Biden's sweeping $1.75 trillion domestic policy proposal, but Democratic leaders vowed to push ahead, with initial voting possible on the bill and a related $1 trillion infrastructure package in the...

Dems see progress in adding drug cost curbs to budget bill

Oct. 31, 2021 19:37 PM EDT

WASHINGTON (AP) — Democrats have made significant progress toward adding compromise provisions curbing prescription drug prices to their massive social and environment package, two congressional aides said Sunday. Talks were continuing and no final agreement had been...