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☆ Exclusive: Lilly hires CordenPharma to make diabetes drug Mounjaro's active ingredient -source
▼ + stars: | 2023-10-19 | by ( Maggie Fick | ) www.reuters.com time to read: +3 min

An Eli Lilly and Company pharmaceutical manufacturing plant is pictured at 50 ImClone Drive in Branchburg, New Jersey, March 5, 2021. REUTERS/Mike Segar/File Photo Acquire Licensing RightsLONDON, Oct 19 (Reuters) - Eli Lilly (LLY.N) has hired Switzerland-based contract drugmaker CordenPharma to produce the active ingredient in its diabetes drug Mounjaro, a source familiar with the matter told Reuters on Thursday. Lilly has said it expects U.S. approval for Mounjaro for weight loss by the end of the year. The source told Reuters that CordenPharma's factory in Colorado is under contract to make tirzepatide, the active ingredient in the weekly injection. Analysts estimate the obesity market could be worth as much as $100 billion in the next decade.

Persons: Eli Lilly, Mike Segar, drugmaker, CordenPharma, Lilly, Corden, Maggie Fick, Josephine Mason, Bill Berkrot Organizations: Company, REUTERS, Reuters, CordenPharma, Novo Nordisk, Mounjaro, Thomson Locations: Branchburg , New Jersey, Switzerland, United States, Colorado, Basel, Europe, Boulder , Colorado, Boulder

☆ Pfizer to price COVID treatment Paxlovid at $1,390 per course
▼ + stars: | 2023-10-18 | by ( Michael Erman | ) www.reuters.com time to read: +3 min

The new list price, which does not include rebates and other discounts to insurers and pharmacy benefit managers, is $1,390 per course, Pfizer said in an emailed statement. The U.S. government paid around $530 per course for Paxlovid it has made available to Americans at no cost. The United States purchased around 24 million courses of the oral two-drug treatment from Pfizer, and still had a large supply, but arranged to return 7.9 million courses last week. In 2022, patients were given around 7 million courses of the drug, according to U.S. government data. Through Oct. 1, around 3.4 million courses had been administered in 2023.

Persons: Wolfgang Rattay, Paxlovid, Michael Erman, Bill Berkrot Organizations: REUTERS, Pfizer, for Clinical, Economic, United, Wall Street, Thomson Locations: U.S, United States, Maplewood , N.J

Rite Aid, one of the largest U.S. pharmacy retailers, stumbled under its high debt, revenue declines, increased competition, and opioid litigation, according to its court filings. Founded in 1962, Rite Aid employs 45,000 people at more than 2,000 retail stores in 17 states, and will remain open for business during the bankruptcy. Rite Aid, which has denied wrongdoing, said it hopes to reach an "equitable" settlement of opioid litigation in bankruptcy. A woman shops inside a Rite Aid store underneath a DeepCam security camera in New York City, New York, U.S., June 25, 2020. Rite Aid closed 200 stores before its bankruptcy, and it expects to close more as its Chapter 11 case proceeds.

Persons: Lucas Jackson, McKesson, Jeffrey Stein, Elizabeth Burr, Leroy Leo, Abinaya Vijayaraghavan, Mariam Sunny, Arun Koyyur, Marguerita Choy, Bill Berkrot Organizations: Rite Aid, Rite, Endo International, REUTERS, Bankruptcy, District of, MedImpact Healthcare Systems, Elixir ., Rite Aid . Rite, Aid, Thomson Locations: U.S, New York City , New York, District of New Jersey, Bengaluru

WASHINGTON (AP) — Four months after U.S. regulators tried to block imports of Elf Bar, the top-selling Chinese disposable e-cigarette remains widely available thanks to a simple but effective tactic: a name change. In May, it directed customs officials to seize incoming shipments of Elf Bar and EBDesign, two of the company's U.S. brand names. Elf Bar generated U.S. sales of over $271 million in the past year, according to retail data tracker Nielsen. Public records show how quickly Elf Bar was able to rebrand itself when the FDA announced its import ban in May. “FDA has confiscated more heads of romaine lettuce than it has illegal e-cigarettes in the last five years,” said Jenson.

Persons: ”, Desmond Jenson, Brian King, ” King, Nielsen, EBCreate, Rob Handfield, Jenson, “, Matthew Perrone Organizations: WASHINGTON, Washington D.C, Drug Administration, FDA, Public Health Law Center, Associated Press, AP, U.S . Patent, iMiracle, iMiracle Shenzhen Technology, Nevera HK Limited, Shenzhen, U.S, North Carolina State University . “ Customs, Border Patrol, Department of Justice, Regulators, Twitter, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group Locations: Washington, Philadelphia , New York, U.S, Los Angeles, Houston, iMiracle Shenzhen, Hong Kong, Mexico, Shenzhen, romaine

☆ Kentucky Innocence Project wages new fight to free Quincy Cross
▼ + stars: | 2023-10-07 | by ( Jacque Smith | ) edition.cnn.com time to read: +17 min

But Cross has always expressed his innocence, and Currin’s father, Joe Currin, has come to believe Cross was wrongfully convicted. CNN will be following the team of the “Wrongful Conviction” podcast as it reports on KIP’s efforts to overturn Cross’ conviction. Stubblefield testified at Cross’ trial that when the gathering wrapped up, Currin left to walk home. Perkins also testified Cross kept pulling up his pants because he wasn’t wearing a belt. Pages of newly discovered emails between Mangold and Galbreath are a part of KIP’s motion to vacate Cross’ conviction.

Persons: Jessica Currin, Quincy Omar Cross, Joe Currin, Cross, “ We’ve, ” Joe Currin, you’ve, Miranda Hellman, KIP, Joshua Lott, Maggie Freleng, Currin, Vinisha Stubblefield, Stubblefield, Jeffrey Burton, Tamara Caldwell, Victoria Caldwell, Burton, Caldwell, Chris, Mike Perkins, Perkins, Stephen Lance Dennee, AP Burton, Victoria Caldwell’s, Alford, Carlos “ Lolo ” Saxton, Jeremy Adams, Saxton, Adams, Jeffrey Burton’s, Stubblefield recanting, wasn’t, “, ”, –, Nathan Kent, Jeff don’t, Victoria Caldwell's, Jessica Currin's, KIP that’s, Hellman, Adams ’, Mayfield, Susan Galbreath, Galbreath, Tom Mangold, Mangold, Currin “, Susan Galbreath gestured, AP Galbreath, Quincy Coss, I’d, She’s Organizations: CNN, Mayfield Middle School, Kentucky Innocence, Washington Post, Paducah Sun, Graves, Kentucky Department of Corrections, Quincy Cross, AP, Cross, Caldwell, Facebook, Kentucky Attorney General’s, Kentucky State Police, Mayfield Police, Mayfield Police Department, Kentucky, Investigation, Quincy, Kentucky Bureau, Gatorade, General’s Locations: Kentucky, Graves, Mayfield, Mayfield , Kentucky, Stubblefield, Caldwell, Union City , Tennessee, Graves County

☆ Philips shares fall 8% after U.S. drug regulator deals fresh blow to sleep device recall
▼ + stars: | 2023-10-06 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

Shares of Dutch health tech company Philips tumbled to the bottom of the European benchmark on Friday, after the U.S. drug regulator deemed its handling of a major product recall inadequate. The Amsterdam-listed stock was trading more than 8% lower at 1:15 p.m. London time, paring some losses after falling by as much as 10% earlier in the session. The announcement reflects yet another blow to Philips over the recall of millions of ventilators used to treat sleep apnea, which CEO Roy Jakobs earlier this year said would be the the firm's "highest priority." The FDA said it finds additional testing is necessary and noted Philips agreed to carry out this request. The company added that it shares the same objective as the FDA and other regulators "to ensure the highest standards of patient safety and quality in the delivery of healthcare."

Persons: Roy Jakobs, Philips Organizations: Philips, U.S . Food, Drug Administration, FDA Locations: U.S, Amsterdam, London

☆ El Chapo's sons bar fentanyl production in Sinaloa, according to banners
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +2 min

The U.S. government this year portrayed Los Chapitos, or "little Chapos", as the principal providers of fentanyl into the United States. Last month, Ovidio Guzman, the youngest of the four Los Chapitos brothers, was extradited to the United States. "The sale, manufacture, transportation or any type of business involving the substance known as fentanyl is strictly prohibited in Sinaloa," the banners said. In July, Sinaloan investigative outlet Riodoce reported that Los Chapitos had told producers in Culiacan, the state capital, to stop manufacturing fentanyl. Silva doubted Los Chapitos would stay away from fentanyl.

Persons: Joaquin, El, Guzman, Chapitos, Los Chapitos, Ovidio Guzman, Leo Silva, Silva, El Chapo's, Ismael, Zambada, Drazen Jorgic, Jamie Freed Organizations: MEXICO CITY, U.S . Drug Enforcement Administration, Thomson Locations: MEXICO, Sinaloa, Mexican, United States, Mexico, U.S, Culiacan, El Mayo

☆ El Chapo's sons ban fentanyl production in Sinaloa, according to banners
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +2 min

☆ El Chapo's Sons Bar Fentanyl Production in Sinaloa, According to Banners
▼ + stars: | 2023-10-02 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

Persons: Joaquin, El, Guzman, Chapitos, Los Chapitos, Ovidio Guzman, Leo Silva, Silva, El Chapo's, Ismael, Zambada, Drazen Jorgic, Jamie Freed Organizations: MEXICO CITY, U.S . Drug Enforcement Administration Locations: MEXICO, Sinaloa, Mexican, United States, Mexico, U.S, Culiacan, El Mayo

☆ Exclusive: U.S. FDA found lapses at Novo's main U.S. factory in May 2022 -report
▼ + stars: | 2023-09-20 | by ( Maggie Fick | ) www.reuters.com time to read: +4 min

Signage is seen outside of the Food and Drug Administration (FDA) headquarters in White Oak, Maryland, U.S., August 29, 2020. A Form 483 is a type of agency report containing "observations" that FDA inspectors "deem to be objectionable". The FDA did not immediately respond to a request for comment on the report, but usually does not comment on inspections. The report from the May 2022 inspection shows that FDA officials found the factory had failed to include one type of bacteria, abbreviated as B. cepacia, on its list of "objectionable organisms". Analysts at Barclays and Jefferies said in notes this week that, although investors may be concerned by news of potential manufacturing issues, they saw minimal impact on Novo's production of semaglutide.

Persons: Andrew Kelly, Clayton, Jefferies, Steven Lynn, Maggie Fick, Josephine Mason, Mark Potter Organizations: Food and Drug Administration, FDA, REUTERS, Novo Nordisk, Reuters, U.S . Food, Drug Administration, Barclays, Manufacturing, Thomson Locations: White Oak , Maryland, U.S, North America, Clayton , North Carolina

☆ Bankrupt drugmaker Mallinckrodt considers sale of opioid business - WSJ
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +2 min

Bottles of prescription painkillers Oxycodone Hydrochloride, 30mg pills, made by Mallinckrodt sit on a counter at a local pharmacy, in Provo, Utah, U.S., April 25, 2017. REUTERS/George Frey/File Photo Acquire Licensing RightsSept 18 (Reuters) - Bankrupt drugmaker Mallinckrodt is in talks with major investors about selling some or all of its business units, which could lead to its exit from the opioid business, the Wall Street Journal reported on Monday, citing people familiar with the discussions. Some investors, poised to take control through the company's ongoing bankruptcy proceedings, are suggesting Mallinckrodt break up its business units, the report said. Mallinckrodt did not immediately respond to a Reuters request for comment. Reporting by Akanksha Khushi and Jyoti Narayan in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

Persons: Mallinckrodt, George Frey, Akanksha Khushi, Jyoti Narayan, Janane Organizations: REUTERS, Wall Street, Securities and Exchange Commission, Attorney's, Western, of, U.S . Drug, Administration, Thomson Locations: Provo , Utah, U.S, Ireland, United States, of Virginia, Bengaluru

☆ Novo Nordisk shares fall after media report about quality lapses at U.S. plant
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +1 min

Flags are seen outside Novo Nordisk headquarters in Copenhagen, Denmark, February 5, 2020. REUTERS/Jacob Gronholt-Pedersen/File Photo Acquire Licensing RightsCompanies Novo Nordisk A/S FollowCOPENHAGEN, Sept 18 (Reuters) - Novo Nordisk's (NOVOb.CO) shares fell on Monday after financial news agency MarketWire reported that U.S. drug regulators had recently issued a report detailing quality control lapses at the group's Clayton, North Carolina plant, citing sources. Novo Nordisk declined to comment on the report, but said in an emailed statement that the site was "running and producing for the market". MarketWire did not specify when the FDA inspection occurred. According to the FDA, a Form 483 is a type of agency report containing "observations" that FDA inspectors "deem to be objectionable".

Persons: Jacob Gronholt, Pedersen, MarketWire, Clayton, Maggie Fick, Anna Ringstrom, Jan Harvey Organizations: Novo Nordisk, REUTERS, Reuters, FDA, Thomson Locations: Novo, Copenhagen, Denmark, Clayton, North Carolina

☆ Lonza’s CEO churn adds to company’s ailments
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Denis Balibouse Acquire Licensing RightsLONDON, Sept 18 (Reuters Breakingviews) - Lonza’s (LONN.S) new broom will face even more challenges than its old one. Since he was appointed CEO in 2020, the Swiss group has increased capital expenditure as a percentage of revenue from 20% to 30% last year. Even before Monday’s fall, the stock was trading at 32 times its forward earnings, around the same level as before its pandemic surge. The disruption of another CEO exit, without a clear explanation, means that the hoped-for growth will take even longer to arrive. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Denis Balibouse, Pierre, Alain Ruffieux, Albert Baehny, Aimee Donnellan, Neil Unmack, Streisand Neto Organizations: REUTERS, Reuters, Swiss, X, Thomson Locations: Lonza, Visp, Switzerland, Swiss

The number of prescription opioid pills shipped in the U.S. in the second half of the 2010s decreased sharply even as a nationwide overdose crisis continued to deepen, according to data released Tuesday. But Mougey pointed out that as prescription drug shipments decreased, illicit opioids — particularly heroin and illegally produced versions of fentanyl — increased. During that time, prescription drugs were the opioids linked to the most deaths in the U.S. The newly released data is the first deep look at what happened with prescription drug shipments later in the 2010s. By the early 2010s, policymakers and doctors were restricting access to prescription opioids.

Persons: ” Peter Mougey, Mougey, Dan Polster, Sackler, Polster, ” Polster Organizations: U.S . Drug, Administration, System, U.S, District, Washington Post, HD Media, Purdue Pharma, Kroger Locations: U.S, ARCOS, Appalachia, Cleveland, West Virginia

☆ Global Regulation of Essential Medicines Is a Dangerous Mess - The New York Times
▼ + stars: | 2023-09-11 | by ( Vidya Krishnan | ) www.nytimes.com time to read: +3 min

has not released more recent numbers, and there is limited data on exactly how much of this comes from India. The global drug supply system is a vast and complex network. As of 2021, India manufactured 62 percent of the raw materials for drugs, known as active pharmaceutical ingredients. in 2001 set up a groundbreaking program to monitor safety and quality, called the Prequalification of Medicines Program or P.Q.P., which set global standards for H.I.V. The program is one of those unsung policies that keep the global health structure ticking.

Persons: —, Cipla Organizations: World Health Organization, Medicines Program Locations: India, China, United States, Europe, Sri Lanka, Gambia, Africa —, Saharan Africa, Indian

☆ US FDA authorizes Pfizer-BioNTech and Moderna's updated COVID shots
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +2 min

[1/3] Signage is seen outside of the Food and Drug Administration (FDA) headquarters in White Oak, Maryland, U.S., August 29, 2020. A third shot, made by Novavax (NVAX.O), is still under review by the FDA. But obviously that requires that FDA have decided the data supports it," said Jesse Goodman, a professor at Georgetown and former FDA chief scientist. Moderna and Pfizer, which is partnered with German biotech firm BioNTech SE (22UAy.DE), said the updated vaccines were expected to be available the United States in the coming days. An endorsement by CDC Director Mandy Cohen, expected shortly, should clear the way for the new shots.

Persons: Andrew Kelly, Novavax, Jesse Goodman, —, Mandy Cohen, Cohen, Sriparna Roy, Mariam Sunny, Michael Erman, Shinjini Organizations: Food and Drug Administration, FDA, REUTERS, Pfizer, Moderna, U.S . Food, Drug Administration, for Disease Control, Prevention, Georgetown, EG, CDC, Thomson Locations: White Oak , Maryland, U.S, United States, Bengaluru, New York

☆ US presses Mexico to devote sufficient resources against fentanyl- official
▼ + stars: | 2023-09-07 | by ( Matt Spetalnick | ) www.reuters.com time to read: +2 min

Fentanyl pills found by officers from the Drug Enforcement Administration are seen in this handout picture, in New York, U.S., October 4, 2022. Drug Enforcement Administration/Handout via REUTERS Acquire Licensing RightsWASHINGTON, Sept 7 (Reuters) - The Biden administration is facing an "unwillingness" by Mexico to devote enough resources to help stem the flow of the illegal drug fentanyl into the United States, and is pressing Mexican authorities to do more, a U.S. official said on Thursday. President Joe Biden's administration has been seeking increased cooperation from both Mexico and China in curbing the flow of fentanyl and its precursor chemicals, which have fueled a sharp rise in U.S. overdose deaths. “To be honest, the challenge that we have with Mexico is their unwillingness to put … sufficient resources into the fight, and we are pushing them to do that,” Robinson said when asked whether Mexico was showing enough political will to tackle the fentanyl crisis. Mexican Foreign Minister Alicia Barcena said on August 10 that Mexico was developing a digital tracking system for fentanyl precursor chemicals, including methods to detect the substances at Mexico's ports and border crossing points.

Persons: Biden, Todd Robinson, Joe Biden's, ” Robinson, ”, Alicia Barcena, Andres Manuel Lopez Obrador, Xi Jinping, Matt Spetalnick, Timothy Gardner Organizations: Drug, Administration, Handout, REUTERS Acquire, Rights, U.S, Foreign, U.S ., Thomson Locations: New York, U.S, Mexico, United States, China, Mexican, Washington, U.S . Mexican

☆ 4 Arguments You Will Hear Against Medicare Drug Price Negotiation - The New York Times
▼ + stars: | 2023-09-06 | by ( Larry Levitt | ) www.nytimes.com time to read: +2 min

Here are some of the arguments you’re likely to hear against drug price negotiation and the context necessary to evaluate them. Argument 1: Government-negotiated drug prices will harm innovation and result in fewer lifesaving drugs. The idea that curbs on drug pricing will stifle innovation has long been the pharmaceutical industry’s go-to argument. But it’s reasonable to ask how many fewer drugs might get developed and which drugs those might be. The Congressional Budget Office, the economic referee in legislative debates, estimated that the drug pricing provisions of the I.R.A.

Persons: It’s Organizations: Congressional, Office, Food, Drug, National Institutes of Health Locations: United States

☆ Novo Nordisk's Wegovy weight loss drug launches in the UK
▼ + stars: | 2023-09-04 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Packages of the weight-loss drug Wegovy from the pharmaceutical company Novo Nordisk lie on the sales counter in a Danish pharmacy. Novo Nordisk launched its Wegovy weight loss injection in the U.K. on Monday, advancing the drug's rollout in Europe despite ongoing supply constraints. The drug will also be available privately through a "registered healthcare professional," Novo Nordisk said in a statement, without adding further detail. Novo Nordisk declined to disclose the final price agreed with NHS England for the drug, but said that NICE, the U.K. drug cost-effectiveness watchdog, had described it as a "cost-effective use of NHS resources." British insurance company Aviva , which provides private health insurance to around 1.1 million Brits, on Monday said that Wegovy would not be covered under its policy, according to Reuters.

Persons: Wegovy Organizations: Novo Nordisk, National Health Service, National Institute for Care, Nordisk, England, NICE, Aviva, Reuters Locations: Danish, Europe, U.S

☆ 'Robot pills' could one day help patients avoid needles. The stocks are cheap, but risky
▼ + stars: | 2023-09-03 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +7 min

That's where a number of early-stage drug delivery companies come in — and most are flying under investors' radar. Drug delivery tends to be a "roll-up sector," explained Edward Nash, an analyst at Canaccord Genuity. Nash recently looked at four companies operating in drug delivery: Rani Therapeutics , Biora Therapeutics , Avalyn Pharma and Elektrofi. At the moment, the most effective GLP-1 medications for weight loss are delivered via a subcutaneous injection. The verstility of the Rani pill also is encouraging, according to Harrison, since it could be used with a wide range of drugs.

Persons: that's, Edward Nash, Nash, Rani, FactSet, Talat Imran, Eli Lilly, Evercore, Lilly, Genuity's Nash, Julian Harrison, Rani's, Harrison, Cantor Fitzgerald, Olivia Brayer, Imran, We're Organizations: Big Pharma, Therapeutics, Biora Therapeutics, Avalyn Pharma, CNBC, Novo Nordisk, Novo, European Union, Food and Drug Administration, Celltrion Locations: —

☆ Biden administration unveils first 10 drugs subject to Medicare price negotiations
▼ + stars: | 2023-08-29 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +7 min

Fiasp and NovoLog, insulins made by Novo Nordisk The Medicare negotiations are the centerpiece of the Biden administration's efforts to rein in the rising cost of medications in the U.S. Drugmakers such as Merck and Johnson & Johnson and their supporters aim to derail the negotiations, filing at least eight lawsuits in recent months seeking to declare the policy unconstitutional. Drugmakers' legal challengesMerck, Johnson & Johnson, Bristol-Myers Squibb and Astellas Pharma are among the companies suing to halt the negotiation process. The suits make similar and overlapping claims that Medicare negotiations are unconstitutional. Biden and his top health officials have embraced the lawsuits as evidence that they're making progress in the fight to cut drug prices.

Persons: Biden, Joe Biden's, Boehringer Ingelheim, Johnson Januvia, Merck Farxiga, Novartis Enbrel, Amgen Imbruvica, AbbVie Stelara, Janssen, insulins, Johnson, Leigh Purvis, Drugmakers, drugmakers, Robert Davis Organizations: Bristol, Myers Squibb Jardiance, Johnson, Merck, AstraZeneca Entresto, Novartis, Novo Nordisk, Medicare, Centers, Services, Biden, AARP Public, Institute, Congressional, Office, Myers Squibb, Astellas Pharma, U.S . Chamber, Commerce, Supreme, Court, Circuit Court, Pharma, White, Big Pharma Locations: U.S, Bristol

A general view of the drug product manufacturing laboratory in biologics and sterile injectables, Catalent, in Brussels, Belgium June 27, 2023. The sources declined to be identified because the information is confidential and cautioned a deal could still collapse at the last minute. Spokespeople for Catalent and Elliott declined to comment. In the past when Elliott has pushed for sales of pieces or the entire target company, including at eBay and Switch Inc., and then won board representation, significant ownership changes have followed. Novo Nordisk's weight-loss drug Wegovy is filled by Catalent’s Brussels factory and last week Reuters reported that Catalent’s plant in Bloomington, Indiana will begin filling Wegovy injection pens for Novo.

Persons: Yves Herman Acquire, Elliott, Catalent, Elliott isn't, Keith Meister's, Scott Ferguson's, Mauricio Gutierrez, Svea Herbst, Bayliss, Maggie Fick, Shri Navaratnam Organizations: REUTERS, Catalent, Elliott Investment Management, AstraZeneca, Johnson, Moderna, eBay, Inc, Deutsche Bank, Management, Capital Management, Reuters, NRG, Svea, Thomson Locations: Brussels, Belgium, U.S, Bloomington , Indiana, Novo, Boston, London

A general view of the drug product manufacturing laboratory in biologics and sterile injectables, Catalent, in Brussels, Belgium June 27, 2023. Spokespeople for Catalent and Elliott declined to comment. The U.S.-based contract drugmaker is also Danish company Novo Nordisk's (NOVOb.CO) main manufacturing partner for its popular weight-loss drug Wegovy. The volatility at Catalent could increase scrutiny on the relationship between Novo and its partner. Reuters reported last week that a second Catalent factory will begin filling Wegovy injection pens for Novo as part of an expanded supply agreement.

Persons: Yves Herman Acquire, Elliott, drugmaker, Markus Manns, Catalent, Elliott isn't, Keith Meister's, Scott Ferguson's, Mauricio Gutierrez, Svea Herbst, Bayliss, Maggie Fick, Amanda Cooper, Shri Navaratnam, Bernadette Baum, Catherine Evans Organizations: REUTERS, Elliott Investment Management, Catalent, Novo, Reuters, Union Investment, AstraZeneca, Johnson, Moderna, eBay, Inc, Deutsche Bank, Management, Capital Management, NRG, Svea, Thomson Locations: Brussels, Belgium, U.S, Danish, Novo, United States, Germany, Boston, London

☆ The ADHD drug market is already stretched thin. Now it's facing a back-to-school supply strain
▼ + stars: | 2023-08-26 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +8 min

Ten milligram tablets of the hyperactivity drug, Adderall, made by Shire Plc. Adderall and alternative ADHD medications apart from other drugs are Schedule 2 controlled substances. Production limitationsEnding the shortages of Adderall and other ADHD medications is no easy task. That means increasing the production of one drug could potentially require reducing production — and potentially impacting supply — of another drug, according to Ergun. That includes Aytu BioPharma, which makes an ADHD drug that used to be in shortage.

Persons: Jb Reed, It's, Erin Fox, they've, David Margraf, Margraf, drugmakers, Ozlem Ergun, Ergun, Novartis's, Michael Ganio, ASHP's Ganio, RJ Sangosti, Josh Disbrow, Fox Organizations: Shire Plc, Jb, Bloomberg, Getty, and Drug Administration, CNBC, University of Utah, American Society of Health, System Pharmacists, Centers for Disease Control, University of Minnesota's, Infectious Disease, Northeastern University, Teva Pharmaceuticals, Amneal Pharmaceuticals, Sandoz, Purdue Pharma, Rhodes Pharmaceuticals, Drug, Fox, Pharmacists, Drug Enforcement Administration, MediaNews, Denver, FDA, DEA Locations: U.S, Commerce City , Colorado

☆ Here are some of the companies saying weight loss drugs could impact their business
▼ + stars: | 2023-08-18 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

The impact of new weight loss treatments is being felt well beyond the health-care industry . During the second quarter, which beat expectations , shoppers were still focused on health and wellness, CEO Doug McMillon said Thursday. Some companies already bar weight loss medications from their insurance plans to keep costs down. Executives said it was tied to an increase in specialty drug use for weight loss and diabetes. Eli Lilly's Mounjaro hasn't yet been approved for weight loss, though some people are taking it off label for that reason.

Persons: Eli Lilly, Joe Scalzo, Scalzo, Atkins, Regeneron, George Yancopoulos, Doug McMillon, WMT, Kroger, Paul Sarvadi, Eli Lilly's Mounjaro, Stephan Tata, Tata hedged, Tata Organizations: Analysts, Novo Nordisk, Co, Simply, Atkins, Walmart, WMT KR, Kroger, Cardinal Health, Drug Administration, Tata Locations: U.S

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