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CNBC Utilities Page Drugs

  • LONDON, Nov 21- Drug company Concordia overcharged Britain's health service millions of pounds for an essential thyroid drug by abusing its position as the only supplier, the country's Competition and Markets Authority said on Tuesday. The National Health Service spent 34 million pounds on liothyronine tablets last year, up from 600,000 pounds a decade ago,...

  • LONDON, Nov 21- Drug company Concordia overcharged Britain's health service millions of pounds for an essential thyroid drug by abusing its position as the only supplier, the country's Competition and Markets Authority said on Tuesday. The National Health Service spent 34 million pounds on liothyronine tablets last year, up from 600,000 pounds a decade ago,...

  • President Donald Trump delivers remarks on combatting drug demand and the opioid crisis on October 26, 2017 in the East Room of the White House in Washington, DC.

    The White House says the true cost of the opioid drug epidemic in 2015 was $504 billion, or roughly half a trillion dollars.

  • President Donald Trump delivers a speech at the National Assembly in Seoul, South Korea, Wednesday, Nov. 8, 2017.

    The White House says the true cost of the opioid drug epidemic in 2015 was $504 billion, or roughly half a trillion dollars.

  • WASHINGTON, Nov 19- Opioid drug abuse, which has ravaged parts of the United States in recent years, cost the economy as much as $504 billion in 2015, White House economists said in a report made public on Sunday. The White House Council of Economic Advisers said the toll from the opioid crisis represented 2.8 percent of gross domestic product that year.

  • In search of new pain meds

    CNBC's Meg Tirrell reports on companies working on opioid-free pain medication.

  • Nov 17- Ever since its dictator, Manuel Noriega, was captured by U.S. troops in 1989 and jailed for 30 years for drug trafficking, racketeering and money laundering, Panama has struggled to live down its reputation as a financial haven for the profits of crime. The arrival of the globally recognized Trump brand, first with the staging of Miss Universe in 2003 and...

  • Nov 16- The Trump administration on Thursday proposed changes to Medicare drug plans including limits on opioid prescriptions and rules aimed at reducing drug costs for seniors, such as requiring health insurers to pass on discounts to consumers. To help combat overprescription and abuse of addictive painkillers, the U.S. Centers for Medicare and Medicaid...

  • Nov 16- The Trump administration on Thursday proposed changes to Medicare drug plans including limits on opioid prescriptions and rules aimed at reducing drug costs for seniors, including requiring health insurers to pass on discounts to consumers. To help combat overprescription and abuse of addictive painkillers, the U.S. Centers for Medicare and...

  • BOSTON, Nov 16- The billionaire founder of Insys Therapeutics Inc was expected to appear in federal court in Boston on Thursday to plead not guilty to charges that he participated in a scheme to bribe doctors to prescribe a fentanyl-based cancer pain drug. Kapoor's arrest in Phoenix on Oct. 26 came as U.S. authorities have been fighting a national opioid...

  • WASHINGTON— U.S. health authorities have cleared a brain-stimulating device for patients suffering from debilitating withdrawal symptoms caused by addiction to heroin and other opioids. The announcement Wednesday by the Food and Drug Administration comes amid an epidemic of opioid abuse, which includes both illegal narcotics like heroin and...

  • Ron Cohen M.D. Acorda Therapeutics President & CEO.

    The drugmaker said it paused enrolling patients in two Parkinson's drug trials following patient deaths.

  • Shatterproof CEO: Battling the opioid crisis

    There's a big gap between proven research and implementing it into the system, says Gary Mendell, Shatterproof CEO, providing insight to treating patients for opioid addiction. It's a disease, says Mendell.

  • New app arms real estate agents with information

    CNBC's Diana Olick reports the opioid crisis is raising safety concerns among some realtors but a new company named Forewarn offers real estate firms and agents deep background checks on clients by using high-level, government-regulated data.

  • FDA commissioner warns consumers about using kratom to treat opioid addiction

    Scott Gottlieb, Food and Drug Administration commissioner, shares his concerns about herbal supplement kratom and the agency's steps to seek regulatory control.

  • Kratom, a natural plant grown in parts of Asia, is available in the United States as a dietary supplement and the FDA has said kratom products have been crossing into the U.S. in increasing amounts. In 2012 and 2014 the FDA placed import alerts on kratom, allowing FDA agents to detain the products at the border. The FDA declined to say over what period the 36 deaths...

  • Kratom, which is a naturally growing plant in Thailand, Malaysia, Indonesia and Papua New Guinea, is increasingly being used to treat pain, anxiety, depression and opioid addiction in the United States, at a time when the country is already battling an ongoing opioid epidemic. Kratom has similar effects to narcotics like opioids and carries similar risks of abuse,...

  • Nov 14- The U.S. Food and Drug Administration on Tuesday raised concerns about kratom, saying there is no reliable evidence to support its use to treat opioid withdrawal symptoms, citing reports of 36 deaths associated with the use of kratom-containing products. Kratom is a naturally growing plant in Thailand, Malaysia, Indonesia and Papua New Guinea, and is...

  • A registered nurse hangs an I.V. bag for a patient at the University of Miami Hospital's Emergency Department.

    JPMorgan health care expert Lisa Gill shared her views on the impact Amazon is having on the pharmaceutical space.

  • PRO Talks: Lisa Gill

    JPMorgan health care expert Lisa Gill shared her thoughts on the hotly-followed drug pricing debate as well as potential stock picks.