- This Medical Charity Made $3.3 Billion From a Single Pill (bloomberg.com)
Cystic Fibrosis Foundation..had…given drugmaker Vertex, around $150 million in exchange for —a share of the royalties for any treatment Vertex’s research yielded…(the foundation) sold its royalty rights..For $3.3 billion.
- Nevada pursues death chamber, controversial drug (reviewjournal.com)
Nevada has no executions on the immediate horizon but is pushing ahead to build a new death chamber at Ely State Prison and would use... midazolam and hydromorphone to administer a lethal injection and has an adequate supply of these drugs to carry out an execution if ordered,.. almost assuredly would spawn lawsuits..
- Clinical decision support: no longer just a nice-to-have (healthcareitnews.com)
Value-based reimbursement means quality improvement is now imperative; smart clinical decision support is essential...shift from volume to value finally taking hold, moving toward better clinical care is no longer optional.
- Uber Cofounder’s ‘Uber For Healthcare’ Startup Raises $14 Million (forbes.com)
"Uber for healthcare" startup has an advantage....cofounder Oscar Salazar, as Uber’s founding CTO,....Pager tries to take the process further by making your appointment instant and for a flat fee...urgent care visit is $50,...physical is $100 and a phone consultation $25...is focused on delivering a broader range of care options on demand"...
- U.S. consumer groups oppose Teva bid for generic drug rival Mylan (reuters.com)
proposed merger of the two largest U.S. generic drug makers drew fire....from Consumers Union...asked antitrust enforcers to stop Teva Pharmaceutical Industries Ltd's proposal to purchase Mylan saying it would lead to higher prices and more drug shortages.
- GSK first drugmaker to tie up with new Crick institute (newsdaily.com)
GlaxoSmithKline...collaboration with the Francis Crick Institute,..Named after the Nobel laureate who co-discovered the molecular structure of DNA,...The deal with GSK does not involve any money changing hands but allows teams of scientists...to work side by side on the underlying biology of diseases,...
- VA threatens to close hospitals to shrink $2.5B budget gap (foxnews.com)
Department of Veterans Affairs may have to shut down some hospitals next month if Congress does not address a $2.5 billion shortfall,..increased demand...costly treatments....
- Leaked Document: Nearly One-Third Of 847,000 Veterans In Backlog For VA Health Care Already Died (huffingtonpost.com)Analysis of Death Services (big.assets.huffingtonpost.com)
More than 238,000 of the 847,000 veterans in the pending backlog for health care through the Department of Veterans Affairs have already died, according to an internal VA document...
- U.S. FDA bans Emcure Pharma’s India plant over manufacturing issues (newsdaily.com)
Food and Drug Administration...banned drug imports from an India manufacturing unit of Emcure Pharmaceuticals Ltd over violations of standard manufacturing practices,...not meeting manufacturing quality standards.
- PhRMA report outlines 420 medicines in neurological pipeline (drugstorenews.com)Medicines in Development for Neurological Disorders (phrma.org)
..biopharmaceutical research companies are currently developing 420 medicines for patients suffering from neurological disorders, including epilepsy, Alzheimer’s disease, multiple sclerosis and Parkinson’s disease...PhRMA and the Epilepsy Foundation...released a new report...