Sen. Bernie Sanders (I-Vermont) has condemned the Biden administration’s decision this week to reject a request to lower the price of an extremely expensive prostate cancer drug that can help extend the lives of patients for months or years. Failing what advocates considered a litmus test of the administration’s willingness to act on prescription drug prices on Tuesday, the National Institutes of… Source Source / Read More: Sanders Slams Biden for Rejecting Request to Lower Price of $190K Cancer Drug
Pharmaceutical Industry
Sanders Says “Much More” Must Be Done After Insulin Maker Announces Price Cuts
Pharmaceutical company Novo Nordisk announced on Tuesday that it will be cutting prices of its insulin products amid competition and high scrutiny over insulin prices, prompting calls from progressive lawmakers for lowering the price of insulin products across the board. The company is lowering the prices of four of its insulin pens and vials by between 65 and 75 percent starting January 2024… Source Source / Read More: Sanders Says “Much More” Must Be Done After Insulin Maker Announces Price Cuts
DOJ Suit Accuses Major Drug Distributor of Fueling US Opioid Epidemic
The Biden administration on Thursday filed suit against one of the nation’s largest pharmaceutical distributors, AmerisourceBergen, and two of its subsidiaries for allegedly violating federal law and contributing to the opioid epidemic. Filed in the U.S. District Court for the Eastern District of Pennsylvania, the complaint accuses AmerisourceBergen of at least hundreds of thousands of violations… Source Source / Read More: DOJ Suit Accuses Major Drug Distributor of Fueling US Opioid Epidemic
Top Shareholders of Pfizer and Moderna Made Over $10 Billion After Omicron Arose
In the first week that the Omicron variant sparked global fears of a new wave of infections, a small handful of investors and executives with Pfizer and Moderna — currently the world’s preeminent makers of Covid-19 vaccines — saw over $10 billion in new wealth, with the Moderna’s CEO alone adding over $800 million to his personal fortune. Based on data compiled by Global Justice Now and released Saturday, “just 8 top Pfizer and Moderna shareholders” added a combined $10.31 billion to their fortunes last week after stock prices soared in response to the emergence of Omicron. According to a…