Study: ‘gamechanger’ diabetes drugs cost up to 400 times more than needed
The Guardian | Pharmaceuticals industry
by Kat Lay
7h ago
Drug companies urged to ‘release stranglehold’ on medicines such as Ozempic and Trulicity, as millions are priced out of treatment Drug companies are pricing diabetes medicines at almost 400 times the level necessary to make a profit, according to a new study. Researchers said it would also be possible for modern insulin pens, which are safer and offer more accurate doses than vials and syringes, to be used even in low-income countries if pharmaceutical firms “put people before their astronomical profits ..read more
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US supreme court abortion pill hearing: key takeaways
The Guardian | Pharmaceuticals industry
by Jessica Glenza and Carter Sherman
3d ago
Justices appear skeptical of arguments against mifepristone as pharmaceutical industry considers case existential threat Court seems skeptical of arguments against abortion drug mifepristone Supreme court justices seemed to express skepticism towards arguments by a group of anti-abortion doctors in a case that could reshape the availability of medication abortion and undermine the US Food and Drug Administration’s (FDA) authority. The supreme court heard oral arguments on Tuesday in Alliance for Hippocratic Medicine v FDA, the first abortion case to reach the supreme court since it overturne ..read more
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AstraZeneca to buy Canadian cancer specialist Fusion for $2.4bn
The Guardian | Pharmaceuticals industry
by Julia Kollewe
1w ago
Britain’s biggest drugmaker’s latest acquisition will help it to develop new radiotherapy treatments Business live – latest updates Britain’s biggest drugmaker, AstraZeneca, is to buy a Canadian cancer specialist focused on next-generation treatments for $2.4bn (£1.9bn), the latest in a string of acquisitions made to strengthen its portfolio of new medicines. The Anglo-Swedish company struck an agreement to acquire Fusion Pharmaceuticals, which is developing next-generation radioconjugates that offer an alternative to chemotherapy and radiotherapy. It has emerged as a new type of cancer trea ..read more
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South Africans take on big pharma for access to ‘miracle’ cystic fibrosis drug
The Guardian | Pharmaceuticals industry
by Kat Lay, Global health correspondent
1w ago
Cheri Nel cannot afford Vertex’s Trikafta medicine, so she is suing to end ‘patent abuse’ and allow a generic version Cheri Nel has a blunt message for the multibillion-dollar pharmaceutical company Vertex: “Any person that dies from today – that’s on you.” Vertex makes a “miracle drug” called Trikafta that can transform the lives of people with cystic fibrosis. The medication gives them a normal life expectancy, rather than facing the likelihood of dying as young adults, and lives that are no longer blighted by frequent lung infections and hospital admissions ..read more
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When £17m isn’t enough: FTSE firms plead to pay bosses millions more
The Guardian | Pharmaceuticals industry
by Kalyeena Makortoff and Julia Kollewe
2w ago
Confronted by the huge salaries on offer in the US, London boardrooms are lobbying to be allowed to make their own bosses even wealthier There was a sharp intake of breath last month when the pharmaceuticals group AstraZeneca cemented chief executive Pascal Soriot’s position as the best-paid FTSE 100 boss with a £17m pay package, up from £15.3m a year earlier. The latest award brings to £137m the amount he has earned since joining in 2012. While it drew the anger of corporate governance experts, Soriot’s generous payout was just a fraction of the sums his counterparts at the biggest US compani ..read more
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Ray Carlton obituary
The Guardian | Pharmaceuticals industry
by Rob Carlton
3w ago
My mother, Ray Carlton, who has died aged 100, worked as a pharmaceutical researcher, retailer and accounting auditor, and was a talented pianist and artist. An Anglo-American free thinker, she went on to cultivate a broad, multigenerational network of friends while living on the East Yorkshire coast. Ray was born in Des Moines, Iowa, one of the three daughters of Burtis MacHatton, a Presbyterian pastor, and Norah (nee Ransom), a classical singer from an English family. When Ray was five, Norah moved with her daughters to Britain, and Ray went to Frensham Heights school, Surrey. In 1939 she re ..read more
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‘A cut-and-paste budget’: UK businesses attack lack of help from chancellor
The Guardian | Pharmaceuticals industry
by Jack Simpson
3w ago
Hospitality trade says chancellor failed to help save sector with VAT cut, while travel industry laments air duty rise Budget: key points at a glance The chancellor has been accused of producing a “cut and paste” budget that fails to provide the tax changes needed to protect pubs and restaurants. UK Hospitality, the trade body for the sector, said Jeremy Hunt’s budget had done little to “bridge the sector through a difficult period”, and failed to reduce the escalating costs businesses now face ..read more
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‘A healthy kid dies and there has been no change’: parents’ anger over lack of warnings for blockbuster asthma drug
The Guardian | Pharmaceuticals industry
by Jon Ungoed-Thomas
3w ago
Teenager Harry Miller took his own life two years after being prescribed montelukast. His family say they were not made aware of the reported psychiatric side-effects of the drug Harry Miller was a popular teenager, appreciated for his sharp humour, ability to get on with anyone and eagerness “for the next adventure”. In the autumn of 2017, he was struggling with difficult thoughts and feelings of anger. Harry, who was 14 and lived in south-west London, confided his inner turmoil to friends and family ..read more
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Two of biggest US pharmacy chains to stock mifepristone abortion pill
The Guardian | Pharmaceuticals industry
by Gloria Oladipo in New York and agency
1M ago
Biden applauds decision by CVS and Walgreens to offer drug on prescription at stores in several US states where abortion is legal Two of the largest pharmacy chains in the US, CVS and Walgreens, will start selling the abortion pill mifepristone on prescription at stores in several US states later this month, the New York Times reported on Friday, citing interviews with officials at both companies. Joe Biden quickly applauded the decision, issuing a statement from the White House hailing an “important milestone” in maintaining access to the pill and encouraged other pharmacies to pursue similar ..read more
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GlaxoSmithKline boss’s pay package jumps 50% to £12.7m
The Guardian | Pharmaceuticals industry
by Julia Kollewe
1M ago
Emma Walmsley’s deal, with a high share bonus payout, makes her one of top-paid CEOs in FTSE 100 The annual pay package of the boss of GlaxoSmithKline, Emma Walmsley, has jumped by 50% to £12.7m, mainly because of a higher share bonus payout reflecting the British drugmaker’s improved performance. Walmsley’s huge pay rise makes her one of the highest-paid executives in the FTSE 100 index of leading shares, a week after it emerged that her counterpart at Britain’s biggest pharmaceutical group AstraZeneca, Pascal Soriot, received a £16.9m pay package last year and is in line for an even higher p ..read more
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