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States spurn drug industry"s opioid-settlement offer

An $18 billion settlement offer from three major drug wholesalers to resolve litigation over the opioid crisis has fallen apart, after more than 20 state attorneys general rejected it in a letter earlier this week......»»

Category: topSource: moneycentralFeb 14th, 2020

The Wall Street Journal: State attorneys general reject $18 billion settlement with opioid wholesalers

An $18 billion offer from three major drug wholesalers aimed at settling litigation over their alleged role in the opioid crisis fell through, after more than 20 state attorneys general rejected it in a letter to the companies’ law firms this week......»»

Category: topSource: marketwatchFeb 14th, 2020

21 states rejected an $18 billion offer to settle opioid epidemic lawsuits, arguing it"s not enough

Justin Sullivan/Getty Images More than 20 states have rejected an offer from the pharmaceutical industry that would have paid some $18 billion over the course of 18 years to settle ongoing legislation drug companies' role in the opioi.....»»

Category: topSource: businessinsiderFeb 14th, 2020

States reject $18B opioid settlement offer from wholesalers, WSJ says

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallFeb 14th, 2020

The Daily Biotech Pulse: PhaseBio To Buy Hypertension Asset, Stemline Falls On Q4 Pre-Announcement, FDA Panel To Review Nektar"s Opioid Drug

The following is a roundup of top developments in the biotech space over the last 24 hours: Scaling The Peaks (Biotech stocks that hit 52-week highs on Jan. 13.) 0 read more.....»»

Category: blogSource: benzingaJan 14th, 2020

PreMarket Prep: Schizophrenic Drug Stocks, A Technical Play On Halliburton"s Q3 Report

Drug stocks were covered at the top of Monday's PreMarket Prep show with opioid litigation set to begin in an Ohio court.  read more.....»»

Category: blogSource: benzingaOct 21st, 2019

The Week Ahead In Biotech: Earnings Trickle In, While Glaxo, Melinta, Foamix And Eton Await FDA Verdict

Biotech stocks saw some strength last week. Positive clinical readouts, a couple of M&A deals and hopes of drug companies clinching a broader opioid settlement agreement worked in favor of the sector. read more.....»»

Category: blogSource: benzingaOct 20th, 2019

PreMarket Prep Recap: Stormy Outlook For Cloud Stocks, Opioid Makers Rally On Settlement Talks

On Wednesday's PreMarket Prep show, earnings reports and ratings changes took a backseat to the negative news for cloud stocks and the positive news for opioid-associated drug distributors. read more.....»»

Category: blogSource: benzingaOct 16th, 2019

McKesson, Cardinal Health, AmerisourceBergen stocks surge after WSJ report of $18 billion settlement talks

Shares of McKesson Corp. rallied 5.7% in midday trading Wednesday, enough to pace all of its larger-capitalization health care peers, after The Wall Street Journal reported that the drug distributor, and two others, were in talks.....»»

Category: topSource: marketwatchOct 16th, 2019

Drug distributors offer states $10B to settle opioid claims, Bloomberg reports

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallAug 6th, 2019

Production of Opium-Based Drugs and Cocaine Is at an All-Time High

According to the 2018 World Drug Report, production jumped 65% between 2016 and 2017. As the United States faces its own opioid epidemic at home, a new report from the United Nations Office on Drugs and C.....»»

Category: europeSource: fortuneJun 27th, 2018

Generic drug stocks slammed by report of expanded price-fixing probe

Shares of generic drug makers fell sharply Monday, after a Washington Post report that an antitrust lawsuit brought by states over two drugs in 2016 has expanded into a major probe of alleged price-fixing across the industry......»»

Category: topSource: marketwatchDec 10th, 2018

Generic-drug stocks slammed by report of expanded price-fixing probe

Shares of generic drug makers fell sharply Monday, after a Washington Post report that an antitrust lawsuit brought by states over two drugs in 2016 has expanded into a major probe of alleged price-fixing across the industry......»»

Category: topSource: marketwatchDec 11th, 2018

Prescription Drug Prices Tracker, Telehealth Platform GoodRx Files For IPO: Report

Online prescription drug prices tracker GoodRx has filed for an initial public offering with the United States Securities and Exchange Commission, according to a Reuters report Sunday. read more.....»»

Category: blogSource: benzingaAug 3rd, 2020

Market Snapshot: Dow rises 200 points, Nasdaq trades at record ahead of 4th of July holiday, after strong employment data

U.S. stocks on Thursday afternoon trade solidly higher as investors digest a stronger-than-expected monthly employment report amid rising numbers of new coronavirus cases in states like Florida......»»

Category: topSource: marketwatchJul 2nd, 2020

Bond Report: 10-year Treasury yield hits 6-week low as coronavirus fears rattle stocks

U.S. Treasury yields slide Friday, capping a weekly slump, as setbacks in efforts to reopen the economy in states like Texas and Florida undermined confidence in the U.S. recovery, bolstering demand for assets considered havens......»»

Category: topSource: marketwatchJun 26th, 2020

Market Snapshot: Dow falls, Nasdaq retreats from record as resurgence of coronavirus cases and trade tensions unnerve investors

U.S. stocks retreat at the start of Wednesday, coming off a second straight record close for the Nasdaq Composite, as investors worry about a rising tally of coronavirus cases in many states and trade tensions rising between America and Europe......»»

Category: topSource: marketwatchJun 24th, 2020

Economic Report: Unemployment rate falls in 43 states in May, but still tops 20% in Nevada, Michigan and Hawaii

The unemployment rate f.....»»

Category: topSource: marketwatchJun 19th, 2020

NewsWatch: Stocks trade mixed after another grim weekly jobless claims report, as coronavirus cases grow

U.S. stocks were trading mixed to moderately higher on Thursday as investors digested a weekly report on the labor market in the U.S. and contend with signs of rising cases and hospitalizations of COVID-19 in several American states......»»

Category: topSource: marketwatchJun 18th, 2020

Market Snapshot: Stocks trade mixed after another grim weekly jobless claims report, as coronavirus cases grow

U.S. stocks were trading mixed to moderately lower on Thursday as investors digested a weekly report on the labor market in the U.S. and contend with signs of rising cases and hospitalizations of COVID-19 in several American states......»»

Category: topSource: marketwatchJun 18th, 2020