Search Results for: pharmaceuticals

Following the reimposition of US sanctions on Iran on May 8, 2018, a Swedish bandage maker, Mölnlycke, decided to halt shipments to Iran, and this decision has affected patients in Iran who are affected by a severe and life-threatening rare skin condition called Epidermolysis Bullosa (EB). Many patients in Iran, where an estimated 800 to [...]

The Oklahoma Supreme Court reversed Tuesday a $465 million verdict against Johnson & Johnson (J&J) for public nuisance through its prescription opioid marketing campaign in the state. In 2017, Oklahoma sued J&J, Purdue Pharma and Teva Pharmaceuticals under the state’s public nuisance statute alleging that the drug manufacturers deceptively marketed opioids within the state. Following [...]

The Delhi High Court Tuesday issued an injunction against various generic pharmaceutical companies, preventing them from manufacturing or selling Valsartan and Sacubitril tablets used to treat cardiovascular diseases. The court said that the generic companies’ manufacturing or selling of these tablets may amount to infringement of a patent owned by major pharmaceutical company Novartis AG. [...]

Costa Rica’s legislative assembly on Tuesday passed the Cannabis and Hemp Production for Medical Purposes Law. The marijuana law is now pending Costa Rican President Carlos Alvarado’s approval. According to Costa Rica’s research, marijuana and hemp production is currently legal in over 21 countries, where more than 1000 million people report using the drug. Of [...]

The US Department of Commerce Monday unveiled its Microelectronics Early Alert System, a new system for detecting supply chain shortages in the semiconductor industry. This system is part of President Biden’s program for strengthening supply chains in semiconductor manufacturing, batteries, critical minerals, and pharmaceuticals. Biden signed an executive order on February 24 ordering 100-day supply [...]

The Sackler family on Wednesday won immunity from opioid lawsuits linked to Purdue Pharma, their privately owned company, and its OxyContin medication when a federal judge approved a bankruptcy settlement to resolve thousands of opioid lawsuits. OxyContin is a prescription painkiller that is stronger than morphine. Nearly all 50 states filed lawsuits against Purdue Pharma [...]

The arguments made by the autonomous vehicle (AV) industry for limited regulation and rapid deployment of self-driving car technology bear a striking resemblance to the discussion about the US regulatory response to Covid-19 vaccines. Both appeal to exigent circumstances as a reason for rapid action to save lives, even if that means throwing some precautions [...]

Mergers & Acquisitions account for a significant portion of a nation’s gross domestic product particularly in developing industrial economies. The reforms processes initiated by the Government of India since 1991 has influenced the functioning and governance of Indian enterprises resulting in the adoption of different M&A strategies by the corporate enterprises refocusing on global competitiveness, [...]

The US Court of Appeals for the Eighth Circuit reinstated Monday almost 6,000 products liability lawsuits filed against 3M in relation to a surgical device that was meant to keep patients warm but instead allegedly caused them to develop infections. 3M’s Bair Hugger device is a convective patient-warming device that is used during surgery to [...]

A California appeals court on Monday upheld an $86 million verdict against The Monsanto Company, a subsidiary of German pharmaceutical and life sciences company, Bayer AG. The decision comes amidst a number of lawsuits filed against Monsanto, which Bayer inherited as the parent company. The suit was filed in 2019 by a couple, Alberta and Alva [...]