Search Results for: pharmaceuticals

New York Attorney General Letitia James Thursday reached a $523 million settlement with opioid manufacturer Teva Pharmaceuticals Industries. The settlement is the largest reached with an individual state; state and local governments also reached a nationwide settlement with Teva earlier this year for $4.35 billion. In total, New York will receive $523 million from Teva–$210 [...]

Spanish anitrust agency Comisión Nacional de los Mercados y la Compentencia (CNMC) Tuesday fined US pharmaceutical company Merck Sharp and Dohme (MSD) 39 million euros for abuse of the market. The agency claims that MSD took unjustified legal action against its Spanish competitor Insud Phrama under the false pretense of protecting its patent. According to [...]

On one hand, the US Department of Health and Human Services (HHS) designates access to nutritious foods as a social determinant of health — a factor, like economic stability and education, that has a major impact on the US population’s health, well-being, and quality of life. But on the other, free market ideals and resistance [...]

US District Judge Charles Breyer ruled Wednesday that the nationwide pharmacy chain Walgreens contributed to and is liable for the opioid epidemic in San Francisco. This decision results from a month-long bench trial in the US District Court for the Northern District of California. San Francisco City Attorney David Chiu sued Walgreens for public nuisance [...]

Tennessee’s Attorney General Herbert Slatery announced Wednesday that the state is suing retail pharmacy giant Walgreens, accusing the chain of contributing to the state’s opioid crisis by failing to maintain effective controls against the abuse of opioids. The lawsuit states that between 2006 and 2020 Walgreens distributed over 1.1 billion oxycodone and hydrocodone pills, amounting [...]

Opioid manufacturer Teva Pharmaceuticals Industries Tuesday announced a $4.35 billion settlement with state and local governments to resolve lawsuits concerning Teva’s role in fueling the US opioid epidemic. The settlement is not yet finalized. Teva is an Israeli multinational pharmaceutical company which manufactures prescription medication including opioids. In recent years, US states, cities, counties and [...]

The Vatican Tuesday announced a new investment policy, and the entity will close all of its foreign investment accounts. The new policy governs the ethical standard for investments, restricting investments that don’t “contribut to a more just and sustainable world.” The guidelines require that all foreign investment accounts be consolidated into one account in APSA, [...]

The City of San Francisco Tuesday reached a $58 million settlement with Teva Pharmaceutical Industries and AbbVie’s Allergan unit over claims that the companies fueled an opioid epidemic in the city. San Francisco alleged that pharmaceutical manufacturers such as Teva and AbbVie’s Allergan “fueled a widespread surge of opioid-related addiction and overdoes in San Francisco, [...]

The United States District Court for the Southern District of West Virginia Monday ruled in favor of drug companies in landmark case City of Huntington, West Virginia v. AmerisourceBergen Drug Corporation et al. Drug companies McKesson, AmerisourceBergen and Cardinal Health have been found not responsible for the current and ongoing opioid abuse epidemic in West [...]

The US Supreme Court denied certiorari Monday to pharmaceutical giant Bayer and agrochemical subsidiary Monsanto for the second time this year. Bayer has been seeking certiorari for one of many cases surrounding Roundup, a weed killer produced by Monsanto with alleged cancer-causing properties. The case in question, Pilliods v. Monsanto, revolves around a California couple [...]