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...Its advice to Purdue Pharma on how to boost sales of OxyContin led to claims it contributed to an epidemic of opioid addiction....
...AstraZeneca makes 40 per cent of its sales in the US, like many European pharmaceutical companies, and it has sought to justify the increases by comparing Soriot’s pay with US pharma bosses....
...Other drugmakers could still “win” the race in the rapidly growing obesity market dominated by Novo Nordisk and Eli Lilly, according to the chief executive of biotech company Zealand Pharma....
...Influencers affiliated with Ogilvy will need to clearly say when they are being paid by a pharma company....
...The notorious Purdue Pharma case was also selectively filed in a one-judge venue in an apparent attempt to benefit from the presiding judge’s previous rulings in other cases that would allow the Sackler...
...The Supreme Court on Monday questioned the Department of Justice’s effort to invalidate a settlement in the bankruptcy of Purdue Pharma that would shield members of the company’s founding Sackler family...
...Purdue Pharma, which is owned by the billionaire Sackler family, has been the target of multiple lawsuits and criminal proceedings for promoting the widespread use and safety of the opioids it manufactured...
...The US Supreme Court has put on hold a $6bn bankruptcy settlement by Purdue Pharma that would shield members of the Sackler family that own the company from future lawsuits linked to the US opioids crisis...
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...are made in China,” said Jim Miller, an industry consultant who advises on pharma manufacturing in the US....
...Companies linked to the drug lost a combined $40bn in value in days. Pharma groups contest the lab’s results and practices....
...But even though Big Pharma knows what the ending should be, the companies don’t always get the plot right. Risks from patent expiries have been relatively low since 2020....
...It already made its diagnostics products in the country but had “limited manufacturing for pharma”, he added....
...The Supreme Court has put on hold Purdue Pharma’s $6bn bankruptcy settlement that would shield members of the Sackler family who own the company from future lawsuits linked to the US opioid crisis....
...Companies will be even less likely to fund the search for new drugs in Europe if the payback is reduced, he said....
...The company’s net profit increased 21.3 per cent to Rmb10.7bn, flattered by a favourable exchange rate....
...Plaintiffs alleged McKinsey’s advice to clients such as Purdue Pharma, the maker of OxyContin, had directly contributed to the opioid crisis....
...that showed the Sackler family members who own Purdue had taken more than $10bn out of the company between 2008 and 2017....
...The company intends to begin mass production in the state by the second half of 2028....
...The company’s work to date has involved analysing thousands of donated human livers to develop an understanding of the causes of disease, and studying whether making changes to RNA — a vital molecule for...
...In the past year, Novo Nordisk has become Europe’s largest company by market capitalisation, while Eli Lilly overtook Johnson & Johnson as the world’s most valuable pharma company, on the back of high demand...
...The consultancy has been in the crosshairs of Congress after its marketing work for the opioid maker Purdue Pharma was blamed for contributing to addiction and overdoses, and the data shows that 2023 was...
...sales as companies lose exclusivity....
...It has also worked on drug development for US pharma company Johnson & Johnson, Danish biotech group Genmab and British biotech Iksuda therapeutics....
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