pharmaceuticals News

Judge Cuts Johnson & Johnson Damages in Risperdal Case From $8 Billion to $6.8 Million

A Pennsylvania judge on Friday slashed to $6.8 million from $8 billion a punitive damages award against Johnson & Johnson to a man who said it failed to warn that boys using its antipsychotic drug Risperdal could grow breasts. Judge …

Drug Pricing Transparency Law Signed by California Governor

California Gov. Jerry Brown has signed state legislation requiring drug companies to report certain price hikes for prescription medicines in a move that could set a model for other states to follow. The law, which aims to provide more transparency …

More Drug Companies Vow to Limit Price Increases

Grappling with a backlash against high U.S. prescription drug prices, more pharmaceutical companies are pledging to limit annual increases to under 10 percent – but the tactic is doing little to salve critics, including President-elect Donald Trump, who on Wednesday …

Wearable Devices Being Used in Drug Trials, Medical Research

Pharmaceutical companies are enlisting Fitbits and other gadgets strapped to patients’ wrists, chests and skin as a way to bring drugs to market faster. What began as an aid for athletes and dieters to track their movements is quickly becoming …

Study: Formulary Could Save California Workers’ Comp $124M-$420M

Adopting a state-mandated workers’ compensation prescription drug formulary similar to systems in place in Texas and Washington could reduce California workers’ comp pharmacy payments by between $124 million and $420 million per year, a California Workers’ Compensation Institute study shows. …

Drug Makers Can Be Sued for ‘Pay for Delay’: Supreme Court

Drugmakers can be sued for paying rivals to delay low-cost versions of popular medicines, the U.S. Supreme Court said in a decision that rewrites the rules governing the release of generic drugs. The 5-3 ruling is largely a victory for …

Kentucky Case Seeks to Hold Oxycontin Makers Accountable

Oxycontin has become so pervasive in eastern Kentucky the drug was dubbed “Heroin of the Hills.” Now, after years of struggling to combat the abuse of the narcotic, Kentucky officials are getting a chance to pursue the drug’s maker in …

Louisiana AG Recovers $25.2M from Drug Companies Charged with Fraud

Louisiana Attorney General Buddy Caldwell announced that his office has recovered $25.2 million from five pharmaceutical companies that he sued alleging unlawful inflation of drug costs paid by Louisiana taxpayers through the Medicaid program. The companies — Actavis, Boehringer Ingelheim, …

North Carolina Senate Panel Drops Drug Firm Liability Shield

A North Carolina legislative committee has removed from a liability lawsuit measure a provision that would have given broad product protections for pharmaceutical companies. A Senate judiciary panel has deleted language from the House version that would give drug companies …