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Mastodon: AboutGet the appKeyboard shortcutsView source codev4.4.0-nightly.2025-04-01

#drugmakers

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LilMikeSF

#BioTech industry responsible for more than 115,000 #Massachusetts jobs is struggling amidst a slump. The #Boston area is a bio research hub with 1,000 #drugmakers, but part of problem for the NE Democrat political and #science edu stronghold is higher costs of operations than elsewhere.

For example, In burgeoning #RaleighDurham NC Triangle drugmakers face far lower taxes and can pay lower wages.

statnews.com/2025/03/13/biotec

STAT · In the Boston area, biotech's hub, a slump is being acutely feltIn the Boston area, three months into the new year, the mood in the biotech industry has soured and the outlook has clouded.
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LilMikeSF

By 2019 popular non prescription #heartburn #medication #Zantac was recalled from retail after it was found to contain an #antihistamine that blocks the release of stomach acid called N-nitrosodimethylamine (#NDMA) that is linked to causing #cancer.

#Drug Mfgr #GSK has reached $2.2bn #legalsettlement in US that is supposed to cover 93% of user cases brought thus far.

Previously #GlaxoSmithKline had paid $70m to settle with the lab that discovered the issue, and other big #drugmakers that also marketed the #OTC drug, including #Pfizer and #Sanofi, have already reached sizable settlements.

on.ft.com/4eBVq5g #FinancialTimes #GiftLink #Legal #ProductLiability

GSK reaches $2.2bn heartburn OTC medication Zantac settlement will help resolve concerns hanging over the UK drugmaker GSK — The settlement covers 93% of all claimants ( retail image of recalled product © Getty Images )
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Nonilex

#GiftArticle on #SCOTUS’ ruling on #PurduePharma #opioid case

The #SupremeCourt blocked a controversial proposed Purdue #Pharma bankruptcy plan that would have provided billions to help address the nation’s #OpioidCrisis in exchange for protecting the #Sackler family from future lawsuits.

The closely watched fight involving the maker of #OxyContin is part of a national reckoning over the role of #drugmakers & others in the #PublicHealth opioid #addiction crisis.

#law
wapo.st/3VLn8UX

The Washington Post · Supreme Court rules on Idaho abortion, EPA, Purdue bankruptcy and SEC cases, leaves Trump immunity for another dayBy Washington Post staff
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