Author: Peter

The U.S. Securities and Exchange Commission has halted registrations of U.S. initial public offerings by Chinese companies...The U.S. is saying that it is waiting for the Chinese government to disclose to investors the risks to investment with the Chinese government interfering in the businesses. The Chinese government has, according to Reuters, been reluctant “to submit to U.S. auditing standards and improve the governance of companies held closely by founders.”...READ MORE

Pfizer has issued a voluntarily recall for 12 lots of its anti-smoking drug Chantix (varenicline) due to the presence of a nitrosamine impurity exceeding the company’s established Acceptable Daily Intake level. As a result, the company is pausing distribution of Chantix and is accelerating its internal testing of the drug...The FDA stated N-Nitroso-varenicline is found within the nitrosamine class of compounds, and some of these compounds are either possible or probable carcinogens. “Long-term ingestion of N-nitroso-varenicline may be associated with a theoretical potential increased cancer risk in humans, but there is no immediate risk to patients taking this medication,” the FDA said...READ MORE

Britain's competition regulator has fined more than 10 drug firms a record combined 260 million pounds ($360 million) for overcharging the National Health Service for a steroid which rose from 70p to 88 pounds a pack in under eight years...The Competition and Markets Authority said...that the breaches meant the NHS paid over 10,000% more for single packs of 10 mg and 20 mg hydrocortisone tablets in 2016 than they were paying in 2008...The CMA said companies including Actavis, and its former parent and now Abbvie-owned Allergan, broke competition rules...READ MORE

Although Martin Shkreli has been behind bars for years due to a conviction for investment fraud, the man known as “Pharma Bro” has remained active running the former Turing Pharmaceuticals from his jail cell. However, that could change if some activist investors...have their way...Turing is the company that gained infamy after acquiring the decades-old toxoplasmosis drug Daraprim and raising the price by 5,000%. When Shkreli’s Turing Pharmaceuticals acquired Daraprim, the cost of a single pill was about $13.50. Turing increased the price to $750 per tablet, which drastically raises the cost of treatment for patients...READ MORE

The American Civil Liberties Union of Nevada and the Nevada Press Association have filed a federal lawsuit calling for a halt to the state’s planned execution of Zane Floyd – which would be the state’s first in 15 years — unless the process is more transparent...The lawsuit...argues that the state violates the First Amendment by interfering with the media’s ability to observe Zane Floyd’s execution in its entirety and without obstruction. The lack of transparency is especially concerning given that the state is “using experimental drug cocktails and an untested facility,”...READ MORE

The Association for Accessible Medicines’ latest report found that Medicare Part D plans are slow to add new generics to their formularies and often place them on nongeneric pricing tiers...Medicare Part D plans are slower than commercial plans to adopt new generics, and even when adopted, the generics are less likely to be part of a generic cost tier. That’s according to a new report from the Association for Accessible Medicines that examines the speed of first generics entering formulary coverage for both Medicare Part D plans and commercial plans...READ MORE

Drug-overdose deaths in the U.S. surged nearly 30% in 2020, the tragic result of a deadlier supply and the destabilizing effects of the Covid-19 pandemic, according to preliminary federal data and public health officials...The estimated 93,331 deaths from drug overdoses last year, a record high, represent the sharpest annual increase in at least three decades, and compare with an estimated toll of 72,151 deaths in 2019, according to provisional overdose-drug data released...by the Centers for Disease Control and Prevention...READ MORE

• Practice Guidelines for the Administration of Buprenorphine for Treating OUD
• Resumption of In-person Inspections
• New Law CE
• Inspector RetiredPharmacy Inspector
  Joe “Batman” Depczynski
• New Board Investigator/Inspector
  Monica S. Segedy
  Mui Lee, RPh,

...Johnson & Johnson's consumer health unit is recalling two popular brands on fears of contamination with a cancer-causing chemical...Citing "an abundance of caution," Johnson & Johnson is pulling all lots of five Neutrogena and Aveeno spray sunscreens after internal testing flagged low levels of benzene in certain samples. All products affected are aerosols, J&J said...The human carcinogen benzene is unavoidable, J&J pointed out. People encounter the chemical daily in gasoline, cigarette smoke, pesticides, plastics and more. Benzene can be toxic if swallowed, touched or inhaled and may lead to cancer based on the level and extent of exposure...Benzene isn't an ingredient in any of J&J's sunscreens. The company says it's launched an investigation to suss out the cause of the contamination...READ MORE

Intermountain Healthcare will be shutting down 25 retail pharmacies and handing off their prescriptions and inventories to CVS Pharmacy beginning in August...Next month's closures target low-volume retail pharmacies in Utah, the Salt Lake City health system said...The companies stressed that the closures do not affect Intermountain’s hospital inpatient pharmacies...The nonprofit system will also be continuing its other pharmacy and medication services, including medication management and medication assistance and financial support. Home delivery pharmacy, specialty pharmacy and the retail pharmacy out of its Primary Children’s Hospital will also continue to be supported...READ MORE