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AstraZeneca sues FDA to avoid generic competition for cholesterol drug

AstraZeneca sues FDA to avoid generic competition for cholesterol drug

By Maria Castellucci  |  June 29, 2016

AstraZeneca has filed a lawsuit against the Food and Drug Administration to block approval of generics for its best-selling cholesterol pill Crestor. The cholesterol-lowering pill is AstraZeneca's best-selling drug, accounting for $5 billion of its $23 billion in product sales.

Drug companies fight generics with coupons

Drug companies fight generics with coupons

By Howard Wolinsky  |  June 11, 2016

Drugmakers are making increased use of consumer coupons, which are designed to thwart the high copays used by pharmacy benefit managers and insurers to channel consumers to less-costly generic drugs.

Kevin Donovan named CEO of LRGHealthcare

Kevin Donovan named CEO of LRGHealthcare

By Modern Healthcare  |  May 14, 2016

Kevin Donovan was named president and CEO of Laconia, N.H.-based LRGHealthcare, effective mid-June. He takes the helm from former CEO Seth Warren, who stepped down in March.

Pfizer tops Q1 forecasts on higher sales, lower taxes

By Associated Press  |  May 03, 2016

Pfizer easily beat Wall Street expectations as the biggest U.S. drugmaker's first-quarter net income jumped 27% due to higher sales, a lower tax bill and some one-time gains. The company raised its 2016 financial forecasts, citing the strong quarter and an improved business outlook.

Senator scrutinizes pharma links on government pain panel

Senator scrutinizes pharma links on government pain panel

By Associated Press  |  February 08, 2016

Sen. Ron Wyden says he has "a number of concerns" about how panelists were selected and screened for an advisory panel on pain issues that includes government experts, outside academics and patient advocates.

Could Massachusetts have the tool to fix high drug costs?

Could Massachusetts have the tool to fix high drug costs?

By Lisa Schencker  |  February 03, 2016

There might be another tool in the battle against high drug costs: state consumer protection laws. A potential lawsuit in Massachusetts against drugmaker Gilead over its costly hepatitis C drugs could, if successful, forge a new path for states working to combat the high costs of certain drugs.

Drug developer sets Michigan record by raising $62 million

By Tom Henderson, Crain's Detroit Business  |  January 05, 2016

Ann Arbor, Mich.-based Millendo Therapeutics announced Tuesday morning it has raised a venture capital round of $62 million, the largest VC round for a drug development company in Michigan history.

Providers and insurers must help ACOs reach their goals

By Modern Healthcare  |  October 17, 2015

Providers and insurers need to do a better job of reaching patients and employers to help private accountable care organizations achieve lower costs and higher quality, according to physician executives at four large health insurance companies.

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