Tag Archives: Drug

Merck CEO sees legal challenge if U.S. adopts drug pricing based on other countries

NEW YORK (Reuters) – Merck & Co Chief Executive Ken Frazier said on Thursday a rule to base the price the U.S. government pays for some prescription drugs in it Medicare program on lower prices in other countries would face legal challenges if adopted. FILE PHOTO: Ken Frazier, Chairman and CEO, Merck & Co., speaks… Read More »

Puma Biotech’s new cancer drug Nerlynx suffered a terrible quarter. What gives?

Puma Biotech has only retained commercial rights to its cancer drug Nerlynx in the U.S. and Japan after a series of licensing deals. But even the remaining U.S. launch doesn’t seem to be going well.   In the first quarter, Nerlynx ginned up sales of $ 45.6 million, Puma said Thursday. That’s way below analyst expectations of… Read More »

Billionaire Los Angeles Times Owner Patrick Soon-Shiong Accused Of ‘Catch-And-Kill’ Scheme—With A Cancer Drug

Patrick Soon-Shiong at the Ambrosetti International Economic in September 2018 in Como, Italy.Pier Marco Tacca/Getty Images Sorrento Therapeutics has accused billionaire Patrick Soon-Shiong of acquiring a cancer drug that would have competed with the blockbuster drug he invented and preventing it from ever reaching the market, according to a civil complaint filed in Los Angeles… Read More »