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CNBC Utilities Page Drugs

  • NEW DELHI— India and Iran said Saturday that they would step up cooperation in combatting extremism, terrorism and drug trafficking in Afghanistan in an effort to restore peace and stability to the war-wracked country. Rouhani said Iran and India "are prepared for joint ventures in gas and petroleum sectors." He said Afghanistan must be "a vivacious and secure...

  • "You'll see a lot of companies like Canopy Health starting to form, and they're basically going to create medical cannabis 2.0," Canopy Health Chief Executive Marc Wayne said in an interview. While U.S. federal law continues to ban weed in all forms, Canada approved medical pot in 2001 and will legalize recreational use this year. Canada is also one of only two...

  • "You'll see a lot of companies like Canopy Health starting to form, and they're basically going to create medical cannabis 2.0," Canopy Health Chief Executive Marc Wayne said in an interview. While U.S. federal law continues to ban weed in all forms, Canada approved medical pot in 2001 and will legalize recreational use this year. Canada is also one of only two...

  • LONDON, Feb 15- Britain's Indivior is launching a new weapon to fight the U.S. opioid crisis this month, but high hopes for its once-monthly injection were offset on Thursday by the need to set aside more cash for legal disputes. The company said it had increased provisions for investigative and antitrust litigation matters by $185 million to $438 million,...

  • Bristol-Myers inks $1.85 billion cancer drug deal

    CNBC's Meg Tirrell looks at Bristol-Myers buying the drug testing rights for a cancer drug from Nektar Therapeutics.

  • CHICAGO— Two babies, born 15 months apart to the same young woman overcoming opioid addiction. Sarah Sherbert's first child was whisked away to a hospital special-care nursery for two weeks of treatment for withdrawal from doctor-prescribed methadone that her mother continued to use during her pregnancy. Lori Devlin, a University of Louisville newborn...

  • Opioid crisis costs $1 trillion in lost productivity, new study says

    CNBC’s Meg Tirrell reports on a new study that says the ongoing opioid crisis has cost the U.S. about $1 trillion in lost productivity.

  • The Pentagon is proposing to spend hundreds of millions more in 2019 on missile defense. The Pentagon also would invest more heavily in other missile defense systems, including the ship-based Aegis system and the Army's Patriot air and missile defense system, both of which are designed to defend against missiles of various ranges short of the...

  • Feb 10- OxyContin maker Purdue Pharma LP said on Saturday that it has cut its sales force in half and will stop promoting opioids to physicians, following widespread criticism of the ways that drugmakers market addictive painkillers. "We have restructured and significantly reduced our commercial operation and will no longer be promoting opioids to...

  • OxyContin has long been the world's top-selling opioid painkiller, bringing in billions in sales for privately-held Purdue, which also sells a newer and longer-lasting opioid drug called Hysingla. Purdue's statement said it eliminated more than half its sales staff this week and will no longer send sales representatives to doctors' offices to discuss...

  • Commonly used painkillers medecines based on Ibuprofen, an anti-inflammatory drug.

    Overuse increases the risk of serious side effects like internal bleeding and heart attacks, a study suggests.

  • WASHINGTON, Feb 7- Rabobank N.A., a California unit of the Dutch cooperative bank, agreed on Wednesday to pay over $368 million for processing funds likely tied to drug trafficking and other illicit activity and pleaded guilty in federal court to conspiring to obstruct regulatory oversight. The bank allowed hundreds of millions in untraceable cash from Mexico...

  • WASHINGTON, Feb 7- Rabobank N.A., a California subsidiary of the Dutch cooperative, on Wednesday agreed to forfeit over $368 million and pleaded guilty in U.S. federal court for processing funds likely tied to drug trafficking and other illicit activity and then conspiring to obstruct a regulators' examination of its operations. The bank allowed hundreds of...

  • Army veteran CW4 Perry Parks reaches to lift a symbolic pill bottle that was dumped in front of the White House after a group of veterans and supporters of medical marijuana marched to the Department of Veterans' Affairs and the White House.

    Veterans, many of whom struggle with chronic pain, are fighting for federal marijuana laws to change in order to fight the opioid crisis.

  • An Epclusa pill by Gilead Sciences to treat Hepatitis C.

    Gilead Sciences on Tuesday said fourth-quarter sales of its flagship hepatitis C drugs fell by more than half amid increased competition.

  • A scientist at Gilead Sciences analyzes patient antibody levels at the Gilead laboratory in Foster City, California.

    The company forecast a further slowdown next year, sending its shares lower after the closing bell.

  • The FDA also said it has identified 44 reports of death involving kratom since 2011, up from 36 reported in November. FDA Commissioner Scott Gottlieb reiterated that there are no FDA- approved medical uses for kratom, which is derived from a plant native to Southeast Asia. FDA scientists analyzed the 25 most common chemical compounds in kratom and concluded...

  • MONTGOMERY, Ala.— Alabama filed a lawsuit on Tuesday against the manufacturer of OxyContin and other opioids, becoming the latest state seeking to hold drug companies accountable for an addiction epidemic. Alabama Attorney General Alabama Steve Marshall filed the lawsuit in Montgomery federal court against Purdue Pharma, L.P. and its branches.

  • Jan 30- The U.S. Food and Drug Administration is asking manufacturers of a common opioid medicine to change the way the drug is packaged, as part of efforts to deter its abuse amid an opioid epidemic in the United States. The FDA said on Tuesday it sent letters to manufacturers of diarrhea medicine loperamide, asking them to ensure that packages contain only a...

  • Used needles are left behind in what was a heroin shooting gallery in the Kensington section of Philadelphia which has become a hub for heroin use on July 31, 2017 in Philadelphia, Pennsylvania.

    Philadelphia is now angling to become the first city with a legally sanctioned safe injection site, Vox reports.