Drug companies attack price cuts
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BRITAINâS biotech industry yesterday attacked government plans to cut the price of medicines by 7 per cent next year. The Bioindustry Association said talks between the Government and âBig
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New reports accuse another drug company of being too slow to pull a dangerous medication from the market and question the ability of the federal Food and Drug Administration to protect the public from such risks.
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Novartis AG  cut its full-year results outlook as generic competition pressured sales of a key blood-pressure drug, and said U.S. regulators had delayed the approval process for an important cancer treatment.
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An investigation has been launched to investigate whether drug firms have been fixing the market to squeeze out copycat medicines
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Pharmaceutical companies launched an effort yesterday to provide significant price discounts for 275 brand-name drugs to 36 million Americans who lack prescription drug coverage.
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Labor will deliver lower prices for the essential medicines that Australian families rely on says Mark Latham. For two years, the Howard Government claimed that Laborâs proposed savings in the Pharmaceutical
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The newly empowered Democrats' vow to  cut healthcare costs might spell bad news for the brand-name  pharmaceutical industry, but could provide new momentum for  generic drug rivals, the Wall Street Journal reported on its  Web site on Tuesday.
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The prescription drug industry has grown enormously in the past few years, to the tune of an estimated $200 billion every year. Consumers and medical professionals have sharpened their criticism of the industry
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Drug prices are a growing problem, and firms trying to set uniform prices face serious difficulties because of the disparities in how much countries can afford to spend, the head of Britain's health watchdog said on Monday.
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Some economists say the government can reduce pharmaceutical prices by changing how the nation pays for innovation.
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The government and the pharmaceutical industry remained at odds on Thursday over the interim legal status of medicine pricing regulations declared invalid by the Supreme Court of Appeal (SCA) in Bloemfontein this week.
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GlaxoSmithKline warns it will cut jobs and close some factories as part of a cost-cutting plan
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Business & money: UK drugs giant, faces a surgical strike over its dismal share price performance.
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The amount the NHS spends on medicines will be cut by Â£1.8 billion over the next five years after drugs companies agreed to reduce their prices.
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An FDA official named and shamed several drugs offered by major drugs companies, causing their shares to fall sharply in early trading.
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Pressure is building against the widely reported gifts and other potential conflicts between drug companies and doctors.
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Competition for painkiller patch may prove to be a major pain for the generics maker.