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...Nearly 690,000 additional nurses will be required by 2040 to meet demand, says the health ministry....
...Its case against Endo, Teva, and Allergan is currently being tried in state court. The settlement payments to New York will begin this summer and continue over the next 17 years....
...It also targeted distributors including McKesson, Cardinal Health and Amerisource Bergen....
...This month, Endo announced it had settled in principle by agreeing to pay $10m and up to $1m in products to two plaintiff counties in Ohio....
...The US is now consumed by another public health disaster. Yet the coronavirus pandemic could end up exacerbating the opioid epidemic....
...Drug distributor stocks also dropped: Cardinal Health lost 3 per cent to $50.02, McKesson fell 3.1 per cent to $147.56, and AmerisourceBergen was down 1 per cent to $89.64....
...AmerisourceBergen and Cardinal Health; and drugstore chains such as Walgreens and CVS....
...The moves come as policymakers struggle to get to grips with a drug addiction epidemic that claimed more than 59,000 lives last year, and which has been declared a public health emergency by Donald Trump...
...Some investors argue that Endo is similarly overly-reliant on debt-fuelled deal making and high drug prices....
...Valeant, for instance, ended up going toe to toe with another roll-up, Endo, in the bidding war for Salix. But most platform companies ultimately unwind because they depend excessively on momentum....
...Fears surrounding Valeant reverberated through to other junk-rated healthcare companies, including Endo International and Mallinckrodt....
...The three companies — Valeant, Endo and Mallinckrodt — have levered up over the past two years in aggressive expansions....
...But there is also a pressing need for the government to give public health systems greater freedom to negotiate prices....
...Why, then, is the market so tepid on Endo’s $8bn cash and stock purchase of Par, a generics company? After Monday’s announcement, Endo’s shares fell 5 per cent....
...The acquisition will make Endo a top-five global generic drugmaker by US sales, the company said on Monday....
...If Endo were unable to close the deal until the second quarter of this year, the approval date and Endo shareholder vote could be “uncomfortably close”, resulting in a higher chance of the deal falling apart...
...Endo’s unexpected offer for the US gastrointestinal drugmaker jarred market participants when it was first announced on Wednesday, said a trader....
...The offer narrowly exceeded a cash-and-shares bid from Endo, worth about $172.50 at Friday’s prices, prompting the smaller company to pull out of the race....
...Mallinckrodt and Endo, both based in low-tax Dublin, are smaller, but have proven themselves to be serial acquirers....
...Analysts say the ‘eat or be eaten’ mindset will drive further deal activity in the coming months, as smaller drug companies such as Endo Pharmaceuticals and Mallinckrodt look to challenge their larger rivals...
...The Canadian group fended off interest from other parties including UK-based Shire and Dublin-headquartered Endo....
...A health club in Nagoya is waiving the Y2,750 charge for a three-hour sauna....
...Endo’s Mr Davis remains untroubled....
...Companies including Horizon Pharma, Perrigo, Actavis, Alkermes, Jazz Pharmaceuticals, Covidien, Forest Laboratories and Endo Health Solutions have moved to Ireland, in deals expected to cut companies’ overall...
...But, in the case of prescription painkillers generally, the FDA must eventually decide whether it can discriminate against generic drug companies on the grounds of the growing public health problem....
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