Category Archives: Drug Laws & Facts

FDA approves new drug with a whopping $700,000 price tag

BioMarin estimates that between 1,200 to 1,600 children across the globe have the condition — 85 percent of whom live outside the United States. Though patients won’t actually have to pay that much money for the drug, it adds to the controversy surrounding high prices for rare disease drugs.

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Trump Sends Pharma Stocks Down With New Tweet on Drug Prices

Tuesday President Donald Trump jumped back into the debate over drug pricing sending pharmaceutical stocks down again with a tweet promising to lower medicine costs for American people.

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Marathon Pharmaceuticals to charge $89,000 for muscular dystrophy drug after 70-fold increase

This won’t last long, once Trump gets wind of it. A drug to treat muscular dystrophy will hit the U.S. market with a price tag of $89,000 a year despite being available for decades in Europe at a fraction of that cost. Marathon Pharmaceuticals LLC’s pricing of the drug, which has been available in Europe, is the …

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New York governor requires insurance companies to cover contraception

Like I said before, if they want those pills, buy them themselves. Saturday New York Governor Andrew Cuomo said that he was requiring health insurance companies to cover medically necessary abortions and most forms of contraception at no cost to women.

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Russia bath lotion poisoning: Putin orders crackdown as death toll rises

Russian President Vladimir Putin has ordered stricter governmental measures to crack down on sales of surrogate alcohol, after dozens died from drinking a bath lotion. The death toll in the Siberian city of Irkutsk has risen to 62, with more than 30 people seriously ill.

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Nine die in Vancouver in 24 hours from fentanyl opioid overdose

In the past 24 hours, 9 people have died from an overdose of the painkiller fentanyl opioid, officials say. Mayor Gregor Robertson said it was “desperate times” for the Canadian city, adding that more deaths were expected.

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Philippines President Rodrigo Duterte says Trump wished his drug crackdown ‘success’

Saturday  President Rodrigo Duterte said Donald Trump wished his deadly crackdown on illegal drugs would succeed during a telephone call, and he assured the U.S. president-elect the Philippines would maintain its ties with America — a departure from Duterte’s hostility toward the Obama administration.

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Lawmakers slam EpiPen maker for rising prices, as CEO downplays profits

The corruption never ends, does it? Despite public outcry and sharp questions from lawmakers, the head of Mylan Inc. – the maker of the EpiPen – defended her company’s massive price hike for the life-saving allergy medication by claiming it offers rebates and discounts to customers.

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Clinton offers plan to prevent ‘excessive’ drug price hikes

After the public outcry over steep increases in price for an emergency allergy treatment, Hillary Clinton is pledging to better protect patients from such costs. Friday she is rolling out a plan designed to give the federal government more power to push back against what she calls “excessive unjustified costs” for medications that have long …

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EpiPen price hike puts bipartisan heat on Democratic senator’s daughter

The controversy of pharmaceutical giant Mylan over its 400 percent price hike for EpiPen has created an awkward situation on Capitol Hill for Democratic Sen. Joe Manchin — his daughter runs the company at the center of the scandal.

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