The Inflation Reduction Act’s Impact on Drug Prices

The Inflation Reduction Act’s Impact on Drug Prices

The House is set to vote Friday on the Inflation Reduction Act, which passed in the Senate on Sunday. Democrats have been touting the $430 billion climate, tax and healthcare bill as “life changing legislation,” but with Republicans having voted to strip out any healthcare provisions not covered under Medicare,...

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Judge rules Walgreens contributed to San Francisco opioid crisis

Judge rules Walgreens contributed to San Francisco opioid crisis

A federal judge ruled Wednesday that Walgreens “substantially contributed” to San Francisco’s opioid epidemic by failing to prevent misuse of the highly addictive painkillers, The Washington Post and San Francisco Chronicle report.
Walgreens handled nearly 1 in 5 oxycodone and hydrocodone pills distributed nationwide at the height of the opioid crisis. It was the only drug company sued by San Francisco that didn’t settle. The case went to trial in April.
“Walgreens has regulatory obligations to take reasonable steps to prevent the drugs from being diverted and harming the public,” U.S. District Judge Charles Breyer wrote in the ruling. “The evidence at trial established that Walgreens breached these obligations.” A later trial will determine how much Walgreens will have to pay the city. A Walgreens spokesperson said the company would appeal.

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Democrats in tough races celebrate new party-line bill, vowing lower drug costs

Democrats in tough races celebrate new party-line bill, vowing lower drug costs

This post was originally published on this siteDemocrats in competitive election races were quick to tout their sweeping new climate and economic package after it passed the Senate on Sunday in a party-line

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Collins faces uphill battle to win GOP support for insulin cost bill

Collins faces uphill battle to win GOP support for insulin cost bill

This post was originally published on this siteSen. Susan Collins (R-Maine) is facing an uphill climb as she seeks to win over GOP colleagues for a bipartisan insulin bill ahead of a vote expected next month. Senate Majority Leader Chuck Schumer on Wednesday said the bill from Collins and Sen....

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Warnock presses Schumer to hold vote on bill to lower insulin costs

Warnock presses Schumer to hold vote on bill to lower insulin costs

This post was originally published on this siteSen. Raphael Warnock (D-Ga.) is pressuring Senate Majority Leader Charles Schumer (D-N.Y.) to hold a vote on legislation to lower the cost of insulin. Warnock faces a tough reelection race this year and has made lowering the cost of insulin a central part...

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West Virginia announces $161.5 million opioid settlement with drug companies

West Virginia announces $161.5 million opioid settlement with drug companies

This post was originally published on this siteWest Virginia Attorney General Patrick Morrisey on Wednesday announced a $161.5 million settlement with two drug companies over their role in the opioid epidemic, providing funds for a state hard-hit by the crisis. Morrisey’s office described the settlement with the companies Teva and...

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Congress urges DOJ, Treasury to examine drug companies aiming to turn opioid settlements into tax breaks

Congress urges DOJ, Treasury to examine drug companies aiming to turn opioid settlements into tax breaks

This post was originally published on this siteWith billion-dollar deductions, House members say, businesses may be trying to “shift the financial burden of the damage they have caused to American taxpayers.”

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Pfizer Starts Testing Its Covid-19 Pill in Children

Pfizer Starts Testing Its Covid-19 Pill in Children

This post was originally published on this siteThe drugmaker expects results from its study of the drug Paxlovid in high-risk children by the end of the year.

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Drugmaker settles EpiPen antitrust litigation for $264M

Drugmaker settles EpiPen antitrust litigation for $264M

This post was originally published on this siteU.S. health care company Viatris, formerly known as Myland, on Monday announced it had agreed to pay $264 million to settle a class-action lawsuit over the pricing of EpiPens.The agreement, which must still be approved by the court, would seek…

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COVID–19 Vaccine Accountability Act would remove near-total legal immunity for Pfizer, Moderna…

COVID–19 Vaccine Accountability Act would remove near-total legal immunity for Pfizer, Moderna…

This post was originally published on this siteCOVID–19 Vaccine Accountability Act would remove near-total legal immunity for Pfizer, Moderna, Johnson & Johnson Rep. Scott Perry (R-PA10) Should Americans be able to sue the companies which make the COVID-19 vaccine? Context During a public health emergency, the federal government wants to remove any barriers...

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