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“#Judge tosses deal shielding Purdue’s Sackler family from opioid claims” A federal judge has thrown out a settlement that would have shielded the Sackler family, which owned OxyContin maker Purdue Pharma, from future lawsuits over opioids, upending the company’s plan to reorganize in bankruptcy court. U.S. District Judge Colleen McMahon in Manhattan said in a written ruling…
“#Plant-based vaccine shows high efficacy against COVID-19” The world’s first plant-based COVID-19 vaccine candidate has proven to be more than 75% effective against preventing the Delta variant of the virus, a Canadian drugmaker said Tuesday. Medicago’s vaccine was 75.3% effective against the variant when enhanced with GlaxoSmithKline’s booster, according to a late-stage study from both…
“#Regeneron warns antibody cocktail may be less effective against Omicron” Regeneron warned its popular antibody cocktail used to treat high-risk cases of COVID-19 may not be as effective against the new Omicron variant. The New York-based pharmaceutical company said initial analyses indicate that “there may be reduced neutralization activity of both vaccine-induced and monoclonal antibody…
“#Courts debunk governments’ harmful opioid myths” Since 2014, state and local governments have filed thousands of lawsuits against pharmaceutical companies they blame for causing the “opioid crisis” by exaggerating the benefits and minimizing the risks of prescription pain medication. The theory underlying these cases is pretty straightforward: Drug manufacturers lied, and people died. Two recent…
“#J&J to split into two companies” Health care giant Johnson & Johnson plans to break itself up into two companies, separating its massive consumer business, which makes Band-Aids, Tylenol and its controversial baby powder, from its pharmaceutical and medical devices units, the company’s departing chief executive said Friday. The breakup will officially separate the company’s…
“#NJ pharma exec Sree Aravapalli killed after followed home from Parx Casino” A wealthy pharmaceutical executive was followed for 50 miles from a Pennsylvania casino to his New Jersey home where he was murdered in an attempted robbery while his wife and daughter were sleeping, according to police. Sree Ranga Aravapalli, 54, cashed out his…
“#’If he manipulated me, I’m glad it worked’” Last December, former Bloomberg journalist Christie Smythe, now 39, shocked the country when she revealed that she had fallen in love with “Pharma Bro” Martin Shkreli — who is serving seven years for lying to and defrauding investors, among other charges — only to be dumped by him…
“#Cancer patient begs AstraZeneca for a chance at life — and wins” Stage-four cancer patient Becca Cahill just wanted a last fighting chance at survival. Now, the 35-year-old is finally getting one — thanks to her brave persistence and an online petition with more than 100,000 signatures. Cahill, who lives in Davis, Calif., near Sacramento,…
“#Martin Shkreli’s Wu-Tang Clan album likely sold for just $2.2M: Sources” The Wu Tang Clan has helped “Pharma Bro” Martin Shkreli pay off his debts to Uncle Sam — but just barely. In announcing the sale of Shkreli’s one-of-a-kind Wu-Tang Clan album, “Once Upon A Time In Shaolin,” federal prosecutors said the “Pharma Bro” officially…
“#Four companies on verge of settling US opioid lawsuits” The three biggest U.S. drug distribution companies and the drugmaker Johnson & Johnson are on the verge of a $26 billion settlement covering thousands of government lawsuits over the toll of opioids across the U.S., a group of lawyers for local governments said Tuesday. The national…