Tag Archives: drug

Insys, the Opioid Drug Maker, to Pay $225 Million to Settle Fraud Charges

The opioid manufacturer Insys Therapeutics agreed to pay $ 225 million to settle federal criminal and civil charges that it illegally marketed a highly addictive fentanyl painkiller to doctors, federal prosecutors said on Wednesday. As part of the deal, a subsidiary of Insys will plead guilty to five counts of mail fraud and the company… Read More »

Heightened drug price scrutiny not likely to hurt insurers much, Fitch says

Dive Brief: Healthcare companies are expected to remain relatively stable despite heightened scrutiny from policymakers, according to a new Fitch Ratings report released Thursday. Insurers are likely to simply pass the costs onto employers that fund much of healthcare if pressured for more price transparency, the analysts predicted. “Until a clear consensus for legislative change… Read More »

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 »