A top U.S. lawmaker launched an investigation into pharmaceutical industry prici...
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U.S. lawmaker launches investigation into pharma drug pricingRepresentative Elijah Cummings, who chairs the House Oversight Committee, sent letters to 12 drugmakers seeking information on price increases, investment in research and development, and corporate strategies to preserve market share and pricing power, his office said in a statement. Novo Nordisk, Amgen
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House Democrats launch drug-pricing probe into a dozen major health-care companiesAbbVie, Amgen, AstraZeneca, Celgene, Eli Lilly, Johnson & Johnson, Mallinckrodt, Novartis, Novo Nordisk, Pfizer, Sanofi and Teva Pharmaceuticals received letters seeking detailed information and documents about the companies' pricing practices.
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J&J raises US prices on around two dozen drugsJohnson & Johnson raised U.S. prices on around two dozen prescription drugs on Thursday, including the psoriasis treatment Stelara, prostate cancer drug Zytiga and blood thinner Xarelto, all among its top-selling products.
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Samsung Faces Resistance From Big Pharma in the U.S.Samsung’s foray into the U.S. biologic-drug market is proving tougher than expected, as the South Korean company faces strong resistance from established pharmaceutical companies while doctors and patients are reluctant to switch to biosimilars.
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Sen. Bernie Sanders says 'we will end' Big Pharma 'greed' in legislative push to cut drug pricesThe bills, led by Sanders and Reps. Elijah Cummings and Ro Khanna, would permit Health and Human Services Secretary Alex Azar to negotiate lower prices for drugs under Medicare Part D, the federal program for prescription drug benefits.
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Federal shutdown delays U.S. House oversight of Trump: lawmakersBefore taking control of the House of Representatives last Thursday, Democrats had said they would investigate Trump on multiple fronts, including ties with Russia, his tax returns and allegations of conflicts of interest. Almost a week into the new Congress, House lawmakers have yet to empanel and
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