Latest Pharmaceutical manufacturing News

Monsanto pleads guilty to illegal pesticide use in Hawaii

Nov. 21, 2019 10:13 PM EST

HONOLULU (AP) — Agrochemicals company Monsanto on Thursday pleaded guilty to spraying a banned pesticide on research crops on the Hawaii island of Maui in 2014, prosecutors said. Monsanto, now owned by the pharmaceutical company Bayer of Germany, has also agreed to pay $10 million for charges it unlawfully...

Medicare drug plan finder can steer seniors to higher costs

Nov. 21, 2019 6:40 PM EST

WASHINGTON (AP) — Medicare’s revamped prescription plan finder can steer unwitting seniors to coverage that costs much more than they need to pay, according to people who help with sign-ups as well as program experts. Serving some 60 million Medicare recipients, the plan finder is the most commonly...

Prince Andrew faces more disgrace as business backers leave

Nov. 19, 2019 1:00 PM EST

LONDON (AP) — Britain’s Prince Andrew faced further disgrace Tuesday as charitable partners and educational institutions began to distance themselves from him amid unfavorable fallout from an interview on his friendship with sex offender Jeffrey Epstein. Like most senior members of the royal family,...

Correction: Prescription Drugs story

Nov. 18, 2019 5:36 PM EST

WASHINGTON (AP) — In a story Nov. 18 about the White House push for prescription drug legislation, The Associated Press misspelled the first name of the executive director of Families USA. The correct spelling is Frederick, not Frederic. A corrected version of the story is below: Drug cost legislation gets...

US panel backs wider use of fish oil to prevent heart attack

Nov. 14, 2019 6:17 PM EST

WASHINGTON (AP) — Government health experts on Thursday recommended broader use of a prescription-strength fish oil drug to help many more patients at risk for heart attack, stroke and related health problems. Currently the drug, Vascepa, is approved for a relatively narrow group of patients with extremely...

Chinese company in vaccine scandal declared bankrupt

Nov. 8, 2019 3:24 AM EST

BEIJING (AP) — A Chinese maker of rabies vaccine that was fined 9.1 billion yuan ($1.3 billion) in a quality scandal that set off a crackdown on the industry said Friday it has been declared bankrupt. Changchun Changsheng Life Sciences Ltd., which lost its production licenses last year, said in a statement...

White House and Pelosi part ways on relief for drug prices

Nov. 5, 2019 5:01 PM EST

WASHINGTON (AP) — The White House on Tuesday signaled President Donald Trump's blunt thumbs-down to House Speaker Nancy Pelosi's plan allowing Medicare to negotiate drug prices. Her office's sharp retort: "Working people won't like it if he sells them out." Despite the House impeachment inquiry, the White...

Asian shares mostly lower following Wall Street losses

Oct. 30, 2019 1:29 AM EDT

BANGKOK (AP) — Shares fell in Asia on Wednesday after weak earnings for technology and media companies led stocks lower on Wall Street. The modest pullback came a day after the S&P 500 hit an all-time high. Reports that China and the U.S. may not reach a trade agreement in time to sign a deal next...

Pfizer narrows its focus and profit soars in 3Q

Oct. 29, 2019 2:01 PM EDT

Pfizer's third-quarter profit nearly doubled after it booked an $8.1 billion gain on paper by creating a consumer health products joint venture, a key part of the drugmaker's plan to slim down and focus on innovative medicines. Those include blockbusters like blood thinner Eliquis, breast cancer drug Ibrance and...

Merck sales soar but 3Q profit dips on higher spending

Oct. 29, 2019 10:24 AM EDT

Big jumps in sales of Merck's top two blockbuster drugs drove revenue up 15%, but higher spending across the board pushed profits down 3% in the third quarter. Merck still easily beat Wall Street forecasts and boosted its forecast for the year. The quarter was dominated again by advanced cancer drug Keytruda,...