drugmakers News

Global Web of Drug Suppliers Challenges FDA as Safety Fears Rise

Regulators want to reduce U.S. dependence on foreign-made pharmaceutical ingredients, as a wave of recalls has raised questions about the safety of the global drug-supply chain. The Food and Drug Administration is encouraging drug companies to invest in new production …

J&J Faces 100,000 More Damage Claims After Taking $8 Billion Hit

Johnson & Johnson has taken some costly beatings in court this year. And it could get worse. Just last week, a jury ordered J&J to pay $8 billion for wrongfully pushing doctors to prescribe the anti-psychotic drug Risperdal. While the …

Sources Say JPMorgan Cuts Ties with OxyContin Maker Purdue Pharma

JPMorgan Chase & Co has cut ties with Purdue Pharma LP over the OxyContin maker’s alleged role in the U.S. opioid crisis, forcing it to find a new bank to manage cash and bill payments, people familiar with the matter …

Tainted Pills Force FDA to Tighten Drug-Safety Regulations

U.S. regulators plan to revamp rules governing how medicines are manufactured, in an effort to ensure the safety of the nation’s drug supply as recalls of contaminated imports from developing countries widen. “We’ve seen a lot of instances of adulterated …

Sackler Family Accused in New Claim of Causing Opioid Crisis

The billionaire family that owns opioid-maker Purdue Pharma LP has been accused in a new lawsuit of causing the nationwide public-health crisis involving pain-killing medicines that has left thousands of Americans dead from overdoses. More than 500 U.S. cities and …