Tag: Novartis

The real cancer killer: rip-off prices for drugs

Doctors say industry ‘profiteering’ threatens lives Jeremy Laurance Sunday, 28 April 2013 An influential group of cancer experts has warned that the high prices charged by pharmaceutical companies for cancer drugs are effectively condemning patients to death. The group of more than 100 leading cancer physicians from around […]

Feds Accuse Novartis of Kickback Drug Scheme

      MANHATTAN (CN) – Novartis Pharmaceuticals cost Medicare and Medicaid tens of millions of dollars by paying kickbacks to pharmacies to switch transplant patients to one of its drugs instead of cheaper generics, federal prosecutors say. The United States unsealed a four-count complaint against Novartis on […]

‘Medical stocks are down by 90 percent’: Greece accuses pharma giants of slashing imports

Published time: February 28, 2013 01:36                                                                             AFP Photo / Louisa Gouliamaki The Greek government has reportedly accused 50 leading pharmaceutical companies of cutting off supplies of key medications to the country, sparking a run on pharmacies. Drug companies say the cheap medicines they supply merely get re-exported […]

$600 Million Drug Cheat, Researchers Say

        By ELIZABETH WARMERDAM   SAN FRANCISCO (CN) – Venture capitalists swiped the rights to a new heart drug and stand to make $620 million from it, cheating the research company that developed it, the neuroscience company claims in Federal Court. The Florey Institute of […]

Drugs giant Novartis warns jobs may go overseas: said bringing a drug to an NHS trust, securing clinical trials and getting approval, is inefficient and takes too long

The Government must tackle the red-tape and research hold-ups hampering Britain’s pharmaceutical industry or risk seeing jobs and investment disappear overseas, one of the industry’s leading companies has warned. Novartis global finance director Jon Symonds said that while the UK has made “great strides” in supporting life sciences, […]