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Mylan may have overcharged U.S. for EpiPen by $1.27 billion: HHS

The U.S. government may have overpaid Mylan by as much as $1.27 billion between 2006-2016 for its EpiPen emergency allergy treatment, the Department of Health and Human Services said.

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Ohio sues five drug companies over opioid crisis

Ohio Attorney General Mike DeWine said his office sued five drug manufacturers, accusing them of misrepresenting the risks of prescription opioid painkillers, helping fuel a drug addiction epidemic.

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Teva’s migraine drug clears late-stage study

Teva Pharmaceutical’s experimental drug to prevent migraine cleared a late-stage study, paving the way for a U.S. regulatory submission during 2017.

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Nicox Receives FDA Approval Of Zerviate 0.24%

The U.S. FDA approved the New Drug Application for Nicox S.A.’s Zerviate, the first topical ocular formulation of the well-known antihistamine cetirizine.

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Meet the 31-Year Old Worth $3 Billion Helping Drug Companies Like Bristol-Myers Squibb and Pfizer Market in Doctors’ Offices

One of healthcare’s latest tech billionaires did not develop a new drug or device. Instead, Rishi Shah, founder of Outcome Health, installs tablet computers and large-format touch screens in physician’s waiting rooms and offices. The company announced a financing round that valued it at $5 billion pre-money. That means the 31-year-old Shah is now worth about $3.2 billion.

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Lilly Announces Phase 3 RANGE Urothelial Cancer Trial of Cyramza Met Primary Endpoint, Improving Progression-Free Survival

Eli Lilly and Company announced that its Phase 3 RANGE study of Cyramza (ramucirumab) met its primary endpoint of progression-free survival, demonstrating a statistically significant improvement. The Phase 3 global, randomized, double-blinded, placebo-controlled trial is evaluating ramucirumab in combination with docetaxel in patients with locally advanced or unresectable or metastatic urothelial carcinoma whose disease progressed on or after platinum-based chemotherapy. Bladder cancer accounts for the majority of all urothelial carcinoma.

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CRISPR, Editas Medicine and Intellia Fall as Scientific Paper Warns of Unintended Mutations Linked to Gene Editing

Are there unintended consequences of gene editing? A paper published in Nature Methods indicates there are and that news sent share prices of CRISPR, Editas Medicine and Intellia tumbling.

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Akari CEO Abruptly Steps Down Amid Investigation Into Phase II Trial Data

A little more than two weeks after being placed on administrative leave, Gur Roshwalb – chief executive officer of Akari Therapeutics – resigned his position.

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Spectacular Data Posted for Novartis’ Next Generation CAR-T Drug

Switzerland-based Novartis AG announced findings from a pilot study of CTL119 that had dazzling results. CTL119 is a CAR-T cell therapy, where T cells that express chimeric antigen receptors (CAR) are engineered to target any cancer antigen desired.

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Outcome Health Raises Financing at $5 Billion Valuation to Accelerate Growth and Transform Healthcare

Outcome Health announced a financing round valuing the company at $5 billion pre-money, to expand its impact from 20% to 70% of all U.S. physician practices by 2020.

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