WASHINGTON — Purdue Pharma, the company that makes OxyContin, the powerful prescription painkiller that experts say helped touch off an opioid epidemic, will plead guilty to three federal criminal charges as part of a settlement of more than $ 8 billion, Justice Department officials announced Wednesday. The company will plead guilty to three counts, including… Read More: OxyContin maker Purdue Pharma to plead to 3 criminal charges »
[embedded content] [The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] The U.S. House of Representatives Oversight and Reform Committee is holding a hearing Wednesday with current and former executives of three major drug companies on the high cost… Read More: Watch live: Pharma executives testify at House hearing on drug… »
BEIJING (Reuters) – China has expanded a pilot drug bulk-buying program to almost the entire country in an attempt to negotiate lower prices from drug manufacturers, heaping fresh pressure on multinational pharmaceutical companies and their domestic rivals. The program rolled out last year saw 11 Chinese cities, including Beijing and Shanghai, band together behind a… Read More: China expands drug bulk-buy program, puts pressure on pharma firms »