VP Pence says Indiana has ‘a lot to gain’ from new North American trade deal
Vice President Mike Pence stumped for President Trump’s proposed deal with Mexico and Canada during a rally Thursday at McAllister Machinery on the city’s southeast side.
Pharmaceutical
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Lilly’s hot-selling Taltz approaching blockbuster status
Last year, Taltz rang up sales of $937.5 million, and doctors are increasingly prescribing it. For the first six months of this year, Taltz recorded $606.3 million in sales, putting it on pace to break the $1 billion threshold, perhaps in the third quarter.
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Groups protest insulin prices outside Lilly headquarters
Several diabetes and health care advocacy groups on Thursday announced a seven-figure fundraising campaign to help fund their fight against what they consider “skyrocketing” insulin prices.
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Articles
Pace planning 200-acre life-science business park by airport
The owner of Pace Air Freight, which specializes in truck transport of pharmaceutical products, is in the process of assembling land it doesn’t already own, including parcels owned by Indianapolis International Airport.
Indiana joins states seeking to settle with Purdue Pharma
Indiana Attorney General Curtis Hill is among the 29 attorneys general across the country backing a proposed settlement with OxyContin maker Purdue Pharma, calling the agreement a “significant breakthrough in our important fight against the opioid crisis.”
Pharmacy owner sentenced to 33 months for making over-potent drugs
Paul Elmer, 68, of Fishers, was sentenced Wednesday in U.S. District Court in Indianapolis, six months after a jury found him guilty of nine counts of adulterating compounded drugs and one count of conspiracy.
Opioid deal may set price for drug industry settlements
Purdue Pharma may have just set the starting point for determining what it will cost dozens of pharmaceutical companies to resolve legal liability over their role in creating the U.S. opioid epidemic.
Chaotic talks show challenge of reaching opioid settlement
By Thursday, half of the nation’s state attorneys general said they would reject a tentative deal crafted by the other half, and many criticized the terms as grossly insufficient.
UPDATE: Tentative opioids settlement falls short of nationwide deal
A tentative settlement announced Wednesday over the role Purdue Pharma played in the nation’s opioid addiction crisis falls short of the far-reaching national settlement the OxyContin maker had been seeking for months, with litigation sure to continue.
Opioid settlement would divide money based on local impact
The formulas would take into account several factors, including opioid distribution in a given jurisdiction, the number of people who misuse opioids and the number of overdose deaths.
Doctors don’t always know what patients will owe for meds
While the price of almost any good or service can be found online, most Americans don’t know what they’ll owe for a prescription medication until they get it.
Purdue Pharma in talks to settle for billions in opioid lawsuits
Drugmaker Purdue Pharma is negotiating a multibillion-dollar settlement with lawyers for local and state governments that would resolve about 2,000 lawsuits against the company.
Feds shortchanged Indiana $175M over 2 years in fighting opioid epidemic, report says
Indiana accounted for 4% of the nation’s opioid-related deaths, but received just 1.9% of the nation’s $11 billion opioid-related funding awarded to states over the past two years, according to the new study.
Brand-name drug prices rising at slower pace, lower amounts
After years of frequent list price hikes, many drugmakers are showing some restraint, according to the analysis of drug prices.
Trump’s Canada drug import plan can’t happen without Big Pharma
President Donald Trump’s plan to import cheap Canadian drugs overlooks a crucial fact: Canada’s pharmaceutical supply chain is beholden to the drugmakers.
U.S. to set up plan allowing prescription meds from Canada
The Trump administration said Wednesday it will create a pathway allowing Americans to legally and safely import lower-cost prescription drugs from Canada for the first time, reversing years of opposition from federal health authorities.
Pfizer’s blockbuster deal with Myland expected to reshape drug industry
The new publicly traded company will have sales of about $19 billion to $20 billion in 2020, the drugmakers said in a statement.
Trump meets with drug industry lobby as pricing bill advances
The meeting occurred as a bipartisan effort is underway in the Senate that two of its sponsors say would lead to $100 billion in savings on prescription-drug spending over a decade.
Senators unveil compromise to reduce drug costs for seniors
Iowa Republican Charles Grassley and Oregon Democrat Ron Wyden said the bill would for the first time limit drug copays for people with Medicare’s “Part D” prescription plan, by capping patients’ out-of-pocket costs.
Many companies contributed to U.S. opioid crisis, new figures show
Records kept by the federal Drug Enforcement Administration show that 76 billion oxycodone and hydrocodone pills—the vast majority of them generics, not brand names—were shipped to U.S. pharmacies from 2006 to 2012.
Number of U.S. overdose deaths appears to be falling
U.S. overdose deaths last year likely fell for the first time in nearly three decades, preliminary statistics suggest.
J&J accused of dodging liability for ‘cunning’ opioid drug push
The trial in Oklahoma City is the first of more than 1,900 local U.S. government lawsuits against drug makers and distributors over the fallout from opioid abuse.