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Matt Novak Matt Novak May 08, 2019. 12 comments

Pharma Companies Will Soon Be Required to List Drug Prices in TV Ads

Pharma Companies Will Soon Be Required to List Drug Prices in TV Ads

TV ads for prescription drugs are already annoying as hell, but those drug ads are about to get even more absurd. The U.S. government will soon require pharmaceutical companies to display the price of medications during every commercial.

Alex Azar, the secretary of Health and Human Services, announced the proposed requirement to the Associated Press in an article published this morning, and it...

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Ed Cara Ed Cara Feb 27, 2019. 21 comments

Here Are the Three Dumbest Claims Pharma CEOs Made When Defending Exorbitant Drug Prices

Here Are the Three Dumbest Claims Pharma CEOs Made When Defending Exorbitant Drug Prices

On Tuesday, seven prominent CEOs and leaders of pharmaceutical companies appeared before the Senate Finance Committee at a congressional hearing called to address the industry’s relentless raising of drug prices.

Predictably, the CEOs from Bristol-Myers Squibb, Johnson & Johnson, Merck, Pfizer, Sanofi, AbbVie, and AstraZeneca collectively passed the buck, mostly blaming everyone else for the...

21 Comments

Ed Cara Ed Cara Feb 09, 2019. 3 comments

Johnson & Johnson Will Start Showing Drug Prices in Its TV Ads

Johnson & Johnson Will Start Showing Drug Prices in Its TV Ads

Anyone who pays close attention to television drug commercials—perhaps because they enjoy the ominous, rapid muttering of side effects—will soon notice something new. On Thursday, Johnson & Johnson announced it would begin showing drug prices alongside photogenic actors doing mundane things in its televised ads next month. They will include the list price—the cost of a drug before factors...

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Ed Cara Ed Cara Jul 04, 2018. 15 comments

The Price of Viagra Is Only Getting Even Stiffer

The Price of Viagra Is Only Getting Even Stiffer

So much for President Donald Trump’s guarantee of “massive” drops in drug prices in the near future. On Monday, the pharmaceutical giant Pfizer announced a slew of price increases for many of its best-selling brand name drugs, including Viagra, the Financial Times first reported. Amazingly enough, it’s the second time Pfizer has increased some of its drugs’ prices this year.

According to the...

15 Comments

Matt Novak Matt Novak May 22, 2018. 13 comments

FDA Publicly Shames Drug Companies That Block Generic Meds

FDA Publicly Shames Drug Companies That Block Generic Meds

Today the Food and Drug Administration published a list of pharmaceutical companies accused of bogging down the development of generic drugs. The makers of brand name drugs are constantly putting up obstacles that delay the development of generic medications, according to generics manufacturers, and this new list calls them out. But it remains to be seen whether major drug companies are...

13 Comments

Matt Novak Matt Novak May 21, 2018. 16 comments

Top Lawyer at Novartis Quits After Drug Company's $1.2 Million Payment to the President's Fixer Is Exposed

Top Lawyer at Novartis Quits After Drug Company's $1.2 Million Payment to the President's Fixer Is Exposed

The top lawyer at pharmaceutical company Novartis has announced that he’s leaving the company today. The departure of General Counsel Felix Ehrat comes in the wake of news that Novartis had given $1.2 million to a secret shell company controlled by President Trump’s personal lawyer and “fixer,” Michael Cohen. Novartis claims it got nothing in return for the money.

“Although the contract was...

16 Comments

Ed Cara Ed Cara Jan 22, 2018. 20 comments

Fed-Up Hospitals Are Starting Their Own Drug Company so They Can Lower Generic Drug Prices

Fed-Up Hospitals Are Starting Their Own Drug Company so They Can Lower Generic Drug Prices

A coalition of U.S. hospitals has decided to take matters into its own hands in the face of ever-rising drug prices: The group is going to start its own drug company to compete with big pharma.

On Friday, several of the largest hospital systems in the country announced their plan to pool together their resources in order to create a not-for-profit company that will make and sell certain...

20 Comments

George Dvorsky George Dvorsky Aug 19, 2017. 23 comments

What a Trump Presidency Means for Your Health

What a Trump Presidency Means for Your Health

The future of public health in the United States was a hotly contested topic during the 2016 election, with the presidential candidates making bold promises and several important ballot initiatives up for grabs. Here’s how America voted, and what a Trump presidency means to your health.

Donald Trump’s stunning upset victory was clearly the biggest story to come out of the election, but there...

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