• STAT+: Pharmalittle: Swiss authorities probe Novartis over patent used to block rivals; Medicare underserves older Americans with opioid use disorder

    22 days ago - By STAT

    Rise and shine, everyone, another busy day is on the way. This morning is getting off to a fabulous start, though, as a delightfully cool breeze and warm sun are enveloping the subdued Pharmalot campus, where the official mascot is snoozing nearby. As always, we are quaffing some cups of stimulation - chocolate raspberry is our choice du jour - and assembling some tidbits for your pleasure. So, time to get cracking. Hope you have a smashing day, and do stay in touch. We always enjoy your tips and insights...
    Johnson & Johnson announced a stock buyback of up to $5 billion, joining a rush of...
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  • STAT+: Swiss authorities raid Novartis offices seeking info on patents used to block rivals

    22 days ago - By STAT

    The Swiss Competition Commission has begun an investigation into Novartis over the possible unlawful use of a patent to block competitors for some of its medicines, the latest instance in which European authorities have probed drug companies for antitrust infractions.
    Earlier this week, the Swiss agency conducted a dawn raid on Novartis headquarters in Basel, Switzerland, seeking information about efforts the company allegedly made to protect a drug for an unspecified skin treatment. Novartis sells a psoriasis medication called Cosentyx, which is its biggest seller and generated more than...
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