A big drugmaker is backing away from a plan to triple the price of a lifesaving cancer drug after facing a public backlash

Thomson Reuters Drugmaker Pharmacyclics had tripled the cost of a lifesaving cancer blood treatment when it introduced a new version of the pill. The new price tag faced criticism from cancer doctors who were concerned about how this would impact how they dosed patients with the drug.  Last week, Pharmacyclics reversed its decision to take […]

Celgene is buying cancer drugmaker Juno Therapeutics for $9 billion (CELG, JUNO)

AP Celgene is acquiring Juno Therapeutics, a company developing personalized cancer treatments in a deal worth $ 9 billion.  It’s the second deal in 2018 for the biotech giant, which has been under pressure from investors. The highly personalized treatments Juno makes, called CAR T-cell therapy, are at the beginning of what some are calling “a big […]

Celgene is reportedly in talks to buy a $5.5 billion cancer drugmaker

Reuters Celgene is in talks to acquire Juno Therapeutics, The Wall Street Journal reported on Tuesday. If the deal materializes, it’d be the second in 2018 for the biotech giant, which has been under pressure from investors. Juno is known for its experimental treatments that harness the body’s immune system to treat cancer.  Biotech giant […]

A giant drugmaker just set the strictest price increase caps of the industry

Drug manufacturers have been feeling the heat over the price increases they make on prescription drugs.  Sanofi, which makes drugs to treat diabetes, along with vaccines and heart medications, has been criticized in the past for the price of its insulin Lantus.  To counter that, the French drug giant has decided to make some of […]

Drugmaker AbbVie’s profit and revenue beat as sales of a key drug rose (ABBV)

AP Photo/David J. Phillip, File April 27 (Reuters) – AbbVie Inc’s quarterly profit and revenue beat analysts’ estimates, helped by demand for its top-selling treatment, Humira. Humira, used to treat forms of arthritis and Crohn’s disease among other conditions, generated sales of $ 4.12 billion, just ahead of analysts’ estimates, accounting for nearly 63 percent […]

The world’s biggest drugmaker just pulled back the curtain on drug pricing (JNJ)

Jonathan Ernst/Reuters The world’s largest drugmaker just gave us a better idea of how drug price hikes impact its business.  Johnson & Johnson published a report on Monday detailing its average list price compared to its average net price after rebates and discounts. The companies’ drugs had an average list price increase of 8.5% in 2016 while […]

The CEO of generic drugmaker Teva just stepped down (TEVA)

Thomson Reuters Feb 6 (Reuters) – Israel-based generic drugmaker Teva Pharmaceutical Industries Ltd said on Monday that Chief Executive Erez Vigodman was stepping down effective immediately and would be replaced on an interim basis by Yitzhak Peterburg, who has been chairman of Teva’s board of directors. Because Israeli company law calls for separation of the […]