Word: pharma
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Three of pharmaceutical giant Purdue Pharma's top current and former executives skirted a prison sentence in federal court today, winding up instead with three years probation and 400 hours of community service to serve instead. Federal Judge James P. Jones ordered the maker of the prescription painkiller OxyContin and the three executives to pay a $634.5 million fine for misleading doctors about the narcotic's risk of addiction. The company had touted the drug as less addictive than more traditional narcotics, despite the fact that the pill can easily be crushed and converted into a powerful street drug...
Davies said she first took notice of the drug in 1999. By 2001, she said there was such rampant drug abuse that her group, Lee County Coalition for Health, met with Purdue Pharma and asked the company to recall and reformat the drug. She said the company particularly targeted southwestern Virginia because of its high Medicaid and disability rates. A lot of coal miners suffered from pain, for example, and they were among the prime targets of Purdue's risky marketing. "This has changed the face of Appalachia," Davies said. "The foster care rate, the crime rate, we never...
...Purdue Pharma, makers of OxyContin, have already agreed to pay a record $634.5 million for claiming, from 1996 to 2001, that the drug was less addictive than other painkillers when in fact it could be converted into a powerful street drug. A July 20 hearing at the federal court in Abingdon, Va., brings Purdue executives face to face with former addicts as a judge finalizes the penalties...
...Gardasil and some vaccines in clinical trial are preventative, but drug companies such as MGI Pharma are studying therapeutic vaccines to treat those already infected with the virus. "We need to come up with better vaccines - and we need to study them in men," says Haddad. Gardasil has not been tested against oral HPV, but Dr. Douglas Lowy, laboratory chief at the National Cancer Institute, says that there is every reason to think that, in principle, "the vaccine should be able to have an impact on oral cancers attributable to HPV." Lowy says that the next studies might start with...
...cash, $5.5 billion deal, Nestlé will buy the Gerber baby-food business from Swiss pharma giant Novartis. The purchase catapults Nestlé to the top of the U.S. baby-food market...