Tag Archives: drug

Bristol-Myers Squibb, Celgene slide following news of delayed deal and psoriasis drug divestment

Giovanni Caforio, CEO of Bristol-Meyers Squibbs Adam Jeffery | CNBC Shares of Bristol-Meyers Squibb fell 7% Monday after the pharmaceutical giant announced that the proposed acquisition of Celgene will now close later than originally expected and will involve a divestiture of Celgene’s psoriasis drug. In a Securities and Exchange Commission filing, the company said it now… Read More »

Mallinckrodt paid ‘kickbacks’ to keep drug price high, and stuck taxpayers with bill, DOJ lawsuit says

In its complaint, the government demanded a jury trial that would put front and center the actions of the company at the heart of a 97,000% drug price hike. The price of Mallinckrodt’s anti-inflammatory drug Acthar — best known for treating babies with a debilitating seizure disorder — has gone from $ 40 a vial… Read More »

Are generic drug price hikes media hype?

In recent years, it feels like we’ve been inundated by stories of greedy pharmaceutical companies jacking up the price of important generic medications. In 2015, “Pharma Bro” Martin Shkreli, recognized that no other generic companies were manufacturing Daraprim, a drug used to treat infections common among people with AIDS. So he raised the price of… Read More »