Latest Headlines

Latest Headlines

Compulsory license sought for BMS drug as Greece gives CL a hard look

The fight over drug patents in India is quickly ratcheting up even as other countries are looking at new twists on the model for getting their hands on cheaper drugs.

Greece accuses pharma of withholding meds, triggering shortages

Greece and the drug industry aren't getting along so well. After several years of stiffing drugmakers on their bills, the Greek government now accuses more than 50 pharma companies of cutting off supplies of key drugs, the Guardian reports.

Drugmakers offer Greece option to end bad debt spiral

Drug companies are offering to take a haircut this year on what Greek hospitals owe them if the government will pay the debt and stop its healthcare facilities from running up more unpaid drug bills.

The drug reign in Spain is leading to lots of pain

Even as drugmakers have been trying to outmaneuver revenue declines as the patents peel off some of their best-selling drugs, they have also faced a bleak reimbursement picture, particularly in the European Union. New stats out of Spain paint a vivid picture of just how much pain government cuts might cause.

Italian drug cuts threaten thousands of jobs, industry says

Pharma leaders are fighting big cuts on another European front: Italy. The industry association Farmaindustria, along with key labor unions, say drugmakers may slash thousands of jobs in the country, if the government goes ahead with planned cutbacks.

U.K. to spend less on branded drugs, report finds

Drugmakers can't get a break in Europe these days. Bad debt in Greece and Spain. Price cuts not only in troubled southern Europe, but Germany and France, too. And now, a report shows that U.K. spending on new drugs is set to drop through 2015.

Witty: EU can avert drug-supply disaster in S. Europe

Is there a way out of the drug-supply mess in cash-strapped European countries? Pharma leaders think so. In a letter to European Union officials, GlaxoSmithKline CEO Andrew Witty urged them to make two regulatory changes to keep drugs flowing into Greece, Spain and other troubled countries.

EU antitrust officials probe parallel trade

EU investigators launched a probe into the players that buy drugs at cheap, state-regulated prices in lower-cost countries and resell them in markets where they can command higher prices.

Greece making drugmakers cover overspending on meds

Greek officials have landed their latest blow against the pharmaceutical industry in a mad dash to limit spending on prescription drugs. The struggling country's parliament has passed legislation that puts drugmakers on the hook for bills that exceed a lowered ceiling on drug spending.   

Greek pharma cuts amount to $1.3B

Greece's bailout package includes some more austerity for drugmakers. The plan will cut drug spending by $1.3 billion, with patients, pharmacies, branded drugmakers, generics makers and wholesalers