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CMS Rule Would Pay 340B Hospitals $9 Billion in Owed Reimbursements

  • Post author:PacConAdmin
  • Post published:July 10, 2023
  • Post category:Drug Industry Daily

CMS has issued a proposed rule that aims to spend $9 billion to reimburse nearly 1,650 hospitals participating in the 340B drug discount program for underpayment of fees over the…

Continue ReadingCMS Rule Would Pay 340B Hospitals $9 Billion in Owed Reimbursements

Coloplast to Pay $1.3 Billion for Icelandic Fish-Skin Wound Care Manufacturer

  • Post author:PacConAdmin
  • Post published:July 10, 2023
  • Post category:Drug Industry Daily

Coloplast has signed a $1.3 billion agreement to acquire Kerecis, a biologics wound care manufacturer based in Iceland, with an FDA-cleared patented technology platform based on intact fish skin. Source:…

Continue ReadingColoplast to Pay $1.3 Billion for Icelandic Fish-Skin Wound Care Manufacturer

Draeger Medical Transport Ventilator Sees FDA Class I Recall

  • Post author:PacConAdmin
  • Post published:July 10, 2023
  • Post category:Drug Industry Daily

The FDA has classified Draeger Medical’s Oxylog 3000 Plus emergency and transport ventilator as class I, the most serious type of recall because of the risk of serious injury or…

Continue ReadingDraeger Medical Transport Ventilator Sees FDA Class I Recall

U.S. and India Cooperate to Stop Illegal International Drug Shipments

  • Post author:PacConAdmin
  • Post published:July 10, 2023
  • Post category:Drug Industry Daily

Multiple U.S. government agencies, in collaboration with India’s Directorate of Revenue intelligence, have stopped over 500 shipments of “illicit, and potentially dangerous, unapproved prescription drugs, combination medical devices, and synthetic…

Continue ReadingU.S. and India Cooperate to Stop Illegal International Drug Shipments

Legislative Update — Week of July 10, 2023

  • Post author:PacConAdmin
  • Post published:July 10, 2023
  • Post category:Drug Industry Daily

As the 118th Congress continues, FDAnews will track important pending legislation to keep you updated on regulations that could impact your business. Source: Drug Industry Daily

Continue ReadingLegislative Update — Week of July 10, 2023

Novo Nordisk Sues Pharmacies, Weight Loss Clinics for Illegally Selling Semaglutide

  • Post author:PacConAdmin
  • Post published:July 7, 2023
  • Post category:Drug Industry Daily

Novo Nordisk has sought legal action against 10 medical spas, weight loss and wellness clinics, and compounding pharmacies in four states for illegally selling non-FDA-approved compounded and counterfeit semaglutide products.…

Continue ReadingNovo Nordisk Sues Pharmacies, Weight Loss Clinics for Illegally Selling Semaglutide

Europe Phasing Out of Extraordinary COVID-19 “Regulatory Flexibility”

  • Post author:PacConAdmin
  • Post published:July 7, 2023
  • Post category:Drug Industry Daily

The European Medicines Agency (EMA), the European Commission (EC) and the Heads of Medicines Agencies (HMA) are phasing out the “extraordinary regulatory flexibilities” that were put in place during the COVID-19 pandemic to…

Continue ReadingEurope Phasing Out of Extraordinary COVID-19 “Regulatory Flexibility”

Minnesota’s Rx Law Unconstitutional, AAM Says, and Sues State AG

  • Post author:PacConAdmin
  • Post published:July 7, 2023
  • Post category:Drug Industry Daily

The Association of Accessible Medicines (AAM) has filed a lawsuit against a new Minnesota law that controls pharmaceutical pricing, calling the law unconstitutional and discriminatory. Source: Drug Industry Daily

Continue ReadingMinnesota’s Rx Law Unconstitutional, AAM Says, and Sues State AG

Leqembi Wins Full Approval and Market Edge With Medicare Coverage

  • Post author:PacConAdmin
  • Post published:July 7, 2023
  • Post category:Drug Industry Daily

Eisai’s antiamyloid antibody Leqembi (lecanemab-irmb) has now gained full FDA approval — and the market advantage of full CMS coverage. Source: Drug Industry Daily

Continue ReadingLeqembi Wins Full Approval and Market Edge With Medicare Coverage

Regulatory Update — Week of July 3, 2023

  • Post author:PacConAdmin
  • Post published:July 7, 2023
  • Post category:Drug Industry Daily

Over the past week, the FDA the FDA has requested comments on a Cardiovascular and Renal Drugs Advisory Committee meeting. Source: Drug Industry Daily

Continue ReadingRegulatory Update — Week of July 3, 2023
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