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Drug prices
Copycats take bite out of AbbVie’s best-selling Humira drug
...A Humira biosimilar from Teva Pharmaceuticals working with Alvotech earlier this year became the first drug that the US Food and Drug Administration granted interchangeable status, which lets pharmacists...
April 25, 2024
Berkshire Hathaway Inc
Buffett bought $1bn stake in Activision weeks before Microsoft deal
...It exited its position in generic drugs maker Teva and sold more than 70 per cent of its remaining shares in AbbVie and Bristol-Myers Squibb....
February 14, 2022
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
LexNovartis AG
Novartis/Sandoz: selling generics would align Swiss giant with the times Premium content
...That might justify a steeper EV-to-forward ebitda multiple than the seven times commanded by quoted generics companies Teva and Viatris. The unit might fetch at least $15bn, according to Bernstein....
October 26, 2021
US opioid epidemic
US states near $26bn opioid settlement with J&J, drug distributors
...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....
July 20, 2021
US opioid epidemic
J&J to pay $230m to settle New York state opioid case
...James added that the pharmaceutical company’s heavy marketing of opioids was partially motivated by quotas for sales staff....
June 26, 2021
Berkshire Hathaway Inc
Buffett pulls back on banks and bets on drugmakers
...The company already held stakes in the drugmakers Biogen, Johnson & Johnson and Teva Pharmaceuticals and DaVita, a kidney dialysis company. Mr Buffett did not respond to a request for comment....
November 17, 2020
FT Live
Global Pharma and Biotech Summit
Driving life sciences innovation in a disrupted world
Tuesday, 5 NovemberIn-Person & Online Conference
Anjana Ahuja
Should we take a chance and divert early booster shots to the unprotected?
...“I feel very strongly that we should get as many shots in arms as possible, right away,” Mr Gottlieb told USA Today last week. “The reality is that one dose is partially protective....
December 15, 2020
Coronavirus treatment
Israel sets pace with Covid vaccination ‘overdrive’
...The Pfizer vaccine, which needs to be kept at under minus 70 degrees Celsius during transit, is transported from Ben Gurion airport to logistics centres run by a subsidiary of Teva Pharmaceuticals, a global...
January 3, 2021
Coronavirus
US hospitals panic-buy drugs ahead of coronavirus influx
...To boost supplies of antimalarials, generics manufacturers Teva and Novartis’ Sandoz have pledged to donate millions of doses to US hospitals....
March 21, 2020
Pharmaceuticals sector
Novartis generics unit admits to fixing drug prices
...Teva, Mylan and others in the lawsuits have denied wrongdoing....
March 3, 2020
US opioid epidemic
US opioid trial to go ahead after settlement talks fail
...Teva Pharmaceuticals, the only remaining manufacturer, fell 1.6 per cent to $7.38, after losing 3.5 per cent during the trading day....
October 18, 2019
US opioid epidemic
J&J verdict hits share prices across opioid industry
...Endo International, a pharmaceutical company, fell 9 per cent to $2.65; Teva, the Israeli drugmaker, lost 4.6 per cent to $7.08; and McKesson, another distributor, fell 3 per cent to $142.55 in late-morning...
August 27, 2019
FT Magazine
Opioids, bribery and Wall Street: the inside story of a disgraced drugmaker
...There are civil suits against much larger companies including Johnson & Johnson and Teva, as well as distributors and pharmacies....
June 19, 2020
Johnson & Johnson Co Inc
Johnson & Johnson faces court judgment over opioids crisis
...The state argued that J&J’s previous ownership of Noramco and Tasmanian Alkaloids, units which produced the active pharmaceutical ingredient in opioids and supplied to Purdue and Teva, made it a “drug kingpin...
August 25, 2019
Johnson & Johnson Co Inc
Johnson & Johnson ordered to pay $572m in opioid trial
...Earlier this year Purdue Pharma settled the Oklahoma case for $270m without admitting liability, and Israeli drugmaker Teva Pharmaceuticals settled for $85m....
August 26, 2019
FT Live
Global Private Banking Awards 2024
Celebrating excellence in wealth management
Thursday, 7 NovemberThe Landmark London, London, UK
Pfizer Inc
Pfizer and Mylan to combine off-patent drugs businesses
...Pfizer has reached a deal to spin off its Upjohn unit and combine it with generics drugmaker Mylan to create an off-patent pharmaceutical group with an enterprise valuation of about $50bn....
July 29, 2019
Walgreens Boots Alliance Inc
Walgreens Boots sticks with guidance as US pharma sales improve
...In particular, WBA pointed to a 2.3 per cent year-on-year rise in sales at its main Retail Pharmacy USA division, with a rise in pharmacy sales offsetting declining retail sales....
June 27, 2019
FT News Briefing podcast9 min listen
Trade war escalates, Uber falls, $2bn Bayer verdict
...Plus, the FT’s pharmaceutical and biotech reporter, Hannah Kuchler, explains why a lawsuit backed by 44 US states alleges that some generic drugmakers, including Teva and Pfizer, have been fixing prices...
May 14, 2019
Novartis AG
Head of Novartis generic drugs business steps down
...In September last year, Novartis said it would sell parts of the Sandoz US business to Aurobindo Pharma USA to focus on “higher growth areas”....
March 14, 2019
Insys Therapeutics Inc
Insys founder convicted in opioid bribery case
...Many are civil cases brought by state attorneys-general, including a case against Johnson & Johnson and Teva Pharmaceuticals set to go to trial in Oklahoma at the end of May....
May 2, 2019
Michael Skapinker
EpiPen dearth shows company and regulator failure
...The 2016 pricing controversy made it clear that there was a problem, yet an attempt by Teva, the Israeli pharmaceutical group, to introduce a generic auto-injector has been stuck in the FDA’s approvals process...
October 2, 2018
European companies
Novartis offloads part of Sandoz generics business in US
...On Thursday, Novartis said it would sell portions of the Sandoz US portfolio to Aurobindo Pharma USA in order to focus on “higher growth areas”....
September 6, 2018
Pharmaceuticals sector
Teva shares jump after Berkshire Hathaway reveals $358m stake
...Israeli drugmaker Teva Pharmaceutical’s US shares shot up in after-hours trade on Wednesday after Berkshire Hathaway said it had taken a new stake in the company, signalling confidence by famed investor...
February 14, 2018
News in-depthThe Big Read
Media: US ‘ghost newspapers’ struggle for life
...“Anyone with the appetite and dollars to buy can, whether it’s a Patrick Soon-Shiong [the pharmaceuticals billionaire who owns the LA Times] or an Alden.”...
February 25, 2019
US & Canadian companies
Hospitals in US sound alarm on impending chemotherapy shortages
...Pfizer is the sole supplier of vincristine, while Teva makes a branded version of the medicine known as Vincasar....
May 9, 2018

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