Latest Pharmaceutical manufacturing News

US finds contaminant in popular heartburn drug

Sep. 13, 2019 3:27 PM EDT

WASHINGTON (AP) — U.S. health officials said Friday they are investigating low levels of a potentially dangerous contaminant in the popular heartburn medication Zantac and related generic drugs. For now, the Food and Drug Administration said patients can continue taking their medications. The agency said...

Kenya becomes 3rd country to roll out malaria vaccine

Sep. 13, 2019 2:39 PM EDT

KAMPALA, Uganda (AP) — Health authorities in Kenya on Friday started administering doses of the world's only licensed malaria vaccine to young children in rural areas facing high transmission rates. Kenya became the third African country to introduce the vaccine, after Malawi and Ghana. The aim is to reach...

Asian shares mostly higher after rise on Wall Street

Sep. 11, 2019 12:28 AM EDT

TOKYO (AP) — Asian shares were mostly higher Wednesday, cheered by a rise on Wall Street amid some signs of easing tensions between the U.S. and China on trade issues. Japan's benchmark Nikkei 225 rose 0.6% to 21,514.14 in morning trading. Australia's S&P/ASX 200 inched up 0.1% to 6,622.60. South...

Draft Pelosi plan would overhaul how Medicare pays for drugs

Sep. 10, 2019 8:38 PM EDT

WASHINGTON (AP) — A draft plan from House Speaker Nancy Pelosi leaked Tuesday would overhaul how Medicare pays for prescription drugs, by negotiating prices for costly medications, curbing annual price hikes, and limiting what seniors pay out of their own pockets. With President Donald Trump highly...

AP FACT CHECK: Trump overstates his influence on drug prices

Sep. 10, 2019 6:11 PM EDT

WASHINGTON (AP) — President Donald Trump is off the mark in taking credit for a drop in drug prices that he calls unprecedented in half a century. TRUMP: "Our ambitious campaign to reduce the price of prescription drugs has produced the largest decline in drug prices in more than 51 years." —...

Asian shares mixed as investors look ahead to rate decisions

Sep. 9, 2019 11:57 PM EDT

TOKYO (AP) — Asian shares were mixed Tuesday after a day of listless trading on Wall Street, as investors awaited signs on global interest rates. Japan's benchmark Nikkei 225 added 0.2% to 21,360.15 in morning trading. Australia's S&P/ASX 200 fell 0.5% to 6,618.20, while South Korea's Kospi inched up...

AT&T and Acadia post gains while Clorox and Amgen stumble

Sep. 9, 2019 4:49 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Monday: AT&T Inc., up 54 cents to $36.79 Activist investor Elliott Management announced a $3.2 billion stake in the communications company and called for a shakeup. Acadia Pharmaceuticals Inc., up $15.05 to $38.85 The biotechnology...

Drugmaker Mallinckrodt settles case on kickbacks to doctors

Sep. 4, 2019 7:14 PM EDT

A drugmaker has agreed to pay $15.4 million to settle claims that a company it purchased lavished doctors with dinners and entertainment to encourage them to keep prescribing a drug as its price ballooned, under an agreement announced Wednesday by the U.S. Department of Justice. Britain-based Mallinckrodt...

Spain: Children grow body hair from alleged drug mix-up

Aug. 31, 2019 3:56 PM EDT

GRANADA, Spain (AP) — Parents in Spain whose babies and toddlers developed abnormal body hair plan to sue a company that put a hair loss treatment into containers meant for a medicine, a mother of one of the children said Saturday. Spanish health authorities have blamed the packaging mix-up involving the...

US agency sees low risk in contaminated blood pressure drugs

Aug. 28, 2019 10:44 PM EDT

WASHINGTON (AP) — U.S. health officials on Wednesday tried to reassure patients that they face very low risks from ongoing contamination problems with widely prescribed blood pressure drugs. Drugmakers have issued more than 50 recalls since last July linked to low levels of a probable cancer-causing...