pharmaceutical industry News

pharmaceutical industry News From AOL News

Contrave Rejected: What Does the FDA Have Against Diet Pills?

Today the Food and Drug Administration declined to approve Contrave, a new prescription weight-loss drug that an FDA advisory panel had recommended for approval. The FDA ruling on Contrave told drugmaker Orexigen Therapeutics that the agency was concerned about long-term use and potential implications on heart health....

Pfizer Recalls 19,000 Bottles of Lipitor Due to 'Uncharacteristic' Odor

Pharmaceutical giant Pfizer announced Tuesday that the company will once again recall its highly popular cholesterol drug Lipitor due to consumer complaints of an "uncharacteristic" odor. The 19,000-bottle recall covers a batch of 40-milligram tablets, which Pfizer officials say were supplied by an outside...

Brilinta, AstraZeneca's New Heart Drug, Fails to Get FDA Approval

(Dec. 17) -- Drugmaker AstraZeneca's new blood-thinning medicine suffered a setback after it failed to win approval from U.S. regulators today. The U.K.-based company had hoped to get Brilinta on the market soon. But the Food and Drug Administration won't OK the drug until it can review more clinical data on the...

Opinion: Puerto Rico Bites the Hand That Feeds It

(Nov. 10) -- Few places have been as hard hit by the recession as Puerto Rico. Over the past two years, the commonwealth has seen its unemployment climb from an already high 13 percent to a gut-wrenching 16 percent. So why did Puerto Rico Gov. Luis Fortuno just sign a law that will almost certainly make this picture even...

Abbott Withdraws Diet Pill Meridia in US, Canada

WASHINGTON (Oct. 8) -- Abbott Laboratories said Friday it will withdraw its diet pill Meridia in the U.S. and Canada, after coming under pressure from health regulators who say the drug increases the risk of heart attack and stroke in patients with a history of heart disease. Companies have struggled for decades to...

pharmaceutical industry News From AOL

AOL MONEY & FINANCE

House OKs FDA bill to increase inspections, fees

WASHINGTON -The Food and Drug Administration would have more power to catch tainted pharmaceuticals manufactured overseas before they enter the U.S. market under legislation passed Wednesday by House lawmakers.

THE HUFFINGTON POST

Dave Murphy: 20 Years of GMO Policy That Keeps Americans in the Dark About Their Food

Popular resistance is boiling over on the GMO labeling issue, as the New York Times reported last week in a front-page story.

THE HUFFINGTON POST - BUSINESS

FDA Shoots Down Drug For Fatal Rare Disease

U.S. drug reviewers on Tuesday recommended rejecting a Pfizer Inc drug because the data did not prove it worked well in treating a rare neurodegenerative disease.

THE HUFFINGTON POST - BUSINESS

An Idea To Fix Killer Costs Of Lifesaving Drugs

Sen. Bernie Sanders (I-Vt.) is promoting a new plan to encourage the development of better, cheaper prescription drugs: an innovation fund rewarding companies for inventing important new HIV and AIDS medications.

THE HUFFINGTON POST - TECHNOLOGY

Alan W. Silberberg: Mobile App for Lifesaving Technology? Or Regulated Industry?

I have been following closely the debate surrounding the FDA's call to regulate apps like you use on your smartphone as a device, like a heart monitor or diabetes test kit.

pharmaceutical industry News From the Web

06/03/12 Trial Design Promises to Accelerate Cancer Drug... Source: Drug Discovery & Development The Food and Drug Administration (FDA) has drafted a regulatory guidance describing a new way of conducting breast cancer drug trials that promises to reduce substantially the time and cost of getting new treatments to patients.
06/03/12 Provinces join forces to keep EU free-trade deal from... Source: Globe and Mail The provincial premiers have undertaken a letter-writing campaign to demand compensation from the federal government for any increase in drug costs that might results from a free-trade agreement with Europe.
06/03/12 FDA overhaul a rare display of bipartisanshipin... Source: The Denver Post - Denver CO Something rare occurred recently in this fractured, partisan place: The Senate and then the House passed significant legislation overhauling the U.S. Food and Drug Administration.
06/03/12 Courthouse fails safety tests again Source: News4Jax - Jacksonville FL The new Duval County Courthouse failed another round of safety tests, which will keep the building closed on Monday.
06/03/12 After a year of logjam, Aurobindo Pharma starts... Source: Business Standard After a year of uncertainties, respite may be around the corner for Aurobindo Pharma, as it recently received a go-ahead from the US Food and Drugs Administration (FDA) for one of its key units and is expecting the same for another.

Background on pharmaceutical industry

The pharmaceutical industry develops, produces, and markets drugs licensed for use as medications. Pharmaceutical companies are allowed to deal in generic and/or brand medications and medical devices.

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