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Sen. Bernie Sanders (I-Vt.) and Rep. Elijah Cummings (D-Md.) are pressing Ariad Pharmaceuticals for answers about why the price of a cancer drug it produces has increased more than $80,000 for a year of treatment. Read More
The National Academy for State Health Policy is proposing 10 measures to reduce drug spending, which include greater transparency on pricing and better enforcement of antitrust laws. Read More
Pfizer says it plans to begin sales of a biosimilar version of Remicade in late November, despite Janssen’s appeal of a ruling that invalidated its patent covering the arthritis therapy. Read More
Switzerland’s Novartis is shuttering several of its research operations in Switzerland and China, eliminating 175 jobs, in an effort to centralize control of its drug discovery programs and curb costs. Read More
The UK’s price watchdog is recommending reimbursement for AstraZeneca’s Tagrisso as a second-line treatment for an aggressive form of lung cancer. Read More
British drugmaker GlaxoSmithKline will pay $20 million to settle the U.S. Securities and Exchange Commission’s charges that the company bribed healthcare professionals to boost drug sales in China. Read More