Novartis, the big pharma company, has agreed to pay US$390m in a settlement with the US Department of Justice over what the DoJ alleged were kickbacks paid to US specialty pharmacies for encouraging patients to refill their prescriptions with Novartis’s Medicaid and Medicare products. Payments had been made by Novartis between 2007 and 2012.
Work has started on the construction of the world’s first cell and gene therapy centre at Stevenage Bioscience Catalyst, the UK’s pioneering life sciences open innovation campus. The £55m project for Cell Therapy Catapult is expected to be completed in 2017 with 150 new jobs working on the manufacture of different cell therapies for late […]
Pfizer and Allergan have agreed to join together to form the world’s biggest pharma company. Pfizer is paying US$160,000 for the company best known for its Botox products. The new entity will be known as Pfizer. The friendly deal will see Pfizer’s Ian Read as chief executive and chairman, and Allergan’s Brent Saunders as president […]
The Off-Patent Drugs Bill has been guillotined in its second reading in the House of Commons after it did not have Government support. Introduced by an MP as a Private Members Bill, it would have sought to enable pharma to obtain a new licence for medicines that were no longer on patent where there was […]