Latest Prescription drugs News

How should the opioid settlements be spent? Those hit hardest often don’t have a say

Dec. 09, 2024 08:48 AM EST

People with substance use disorder across the country are not getting a formal say in how most of the approximately $50 billion in opioid lawsuit settlement money is being used to stem the crisis, a new analysis found. Some advocates say that is one factor in why portions of the...

Nearly 30% of US drugstores closed in one decade, study shows

Dec. 03, 2024 18:10 PM EST

Nearly three out of 10 U.S. drugstores that were open during the previous decade had closed by 2021, new research shows. Black and Latino neighborhoods were most vulnerable to the retail pharmacy closures, which can chip away at already-limited care options in those communities,...

Better drugs through AI? Insitro CEO on what machine learning can teach Big Pharma

Dec. 02, 2024 14:14 PM EST

WASHINGTON (AP) — Artificial intelligence is changing the way companies do business — helping programmers write code and fielding customer service calls with chatbots. But the pharmaceutical industry is still waiting to see whether AI can tackle its biggest challenge: finding...

Trump taps a Fox News personality, a surgeon and a former Congressman to lead public health agencies

Nov. 22, 2024 22:51 PM EST

WASHINGTON (AP) — President-elect Donald Trump on Friday nominated Dr. Marty Makary to lead the Food and Drug Administration, selecting a surgeon and author who gained national attention for opposing vaccine mandates and some other public health measures during the COVID-19 pandemic. ...

Rapper NBA YoungBoy pleads guilty in Utah prescription drug fraud ring

Nov. 18, 2024 18:39 PM EST

LOGAN, Utah (AP) — A Louisiana-based rap artist pleaded guilty Monday to his role in a large-scale prescription drug fraud ring that operated out of his multimillion-dollar home in Utah. Rapper NBA YoungBoy, whose real name is Kentrell Gaulden, walked into a courtroom in Logan,...

CVS Health bulks its board up to 16 members, adds hedge fund CEO

Nov. 18, 2024 09:54 AM EST

CVS Health has added four new board members, including the CEO of a hedge fund that has been critical of the struggling health care giant. The company said Monday that it expanded its board to 16 members following “productive discussions” with shareholder Glenview Capital...

New FDA rules for TV drug ads: Simpler language and no distractions

Nov. 14, 2024 18:17 PM EST

WASHINGTON (AP) — Those ever-present TV drug ads showing patients hiking, biking or enjoying a day at the beach could soon have a different look: New rules require drugmakers to be clearer and more direct when explaining their medications' risks and side effects. The U.S. Food and...

Harrow: Q3 Earnings Snapshot

Nov. 13, 2024 16:53 PM EST

NASHVILLE, Tenn. (AP) — NASHVILLE, Tenn. (AP) — Harrow, Inc. (HROW) on Wednesday reported a loss of $4.2 million in its third quarter. On a per-share basis, the Nashville, Tennessee-based company said it had a loss of 12 cents. The pharmaceutical and drug...

Marinus Pharmaceuticals: Q3 Earnings Snapshot

Nov. 12, 2024 16:12 PM EST

RADNOR, Pa. (AP) — RADNOR, Pa. (AP) — Marinus Pharmaceuticals Inc. (MRNS) on Tuesday reported a loss of $24.2 million in its third quarter. The Radnor, Pennsylvania-based company said it had a loss of 42 cents per share. The results topped Wall Street expectations....

Avadel: Q3 Earnings Snapshot

Nov. 12, 2024 07:25 AM EST

DUBLIN (AP) — DUBLIN (AP) — Avadel Pharmaceuticals PLC (AVDL) on Tuesday reported a loss of $2.6 million in its third quarter. The Dublin-based company said it had a loss of 3 cents per share. The results topped Wall Street expectations. The average estimate of six...