Tag Archives: drug

World’s most expensive drug costs $US2m

Gene therapy drug Zolgensma has become the world’s most expensive drug, with the one-time treatment priced at $ US2.1255 million ($ A3 million). Swiss drugmaker Novartis has won US approval for its gene therapy Zolgensma for spinal muscular atrophy (SMA), the leading genetic cause of death in infants. Novartis executives defended the price, saying that… Read More »

Teva drops 16% after states accuse drugmaker of conspiring to hike generic drug prices

U.S. traded shares of Teva Pharmaceutical plunged more than 16% Monday after state prosecutors accused the Israeli company of orchestrating a sweeping scheme with 19 other drugmakers to inflate drug prices in the U.S. Shares of drugmakers Mylan and Pfizer, which were also named in the lawsuit, were trading 9.6% and about 1% lower in… Read More »

In Canada, a little-known drug regulator shows its teeth

TORONTO (Reuters) – A tiny, little-known government agency is ramping up regulation of Canada’s pharmaceutical industry, seeking to rein in prices for patented drugs that are among the highest in the world, according to industry sources and a Reuters analysis of government data. FILE PHOTO: A pharmacist counts pills in a pharmacy in Toronto, Ontario,… Read More »