Insulin is an essential hormone, and millions of Americans get the insulin that they need to stay alive and healthy from a vial. With insulin prices on the rise, a group of diabetes patients has filed a federal lawsuit against three drug companies, accusing them of carrying out a fraudulent pricing scheme. [More]
This week, the House of Representatives passed a new bill that gives the FDA the power to require new warning labels on existing prescription drugs, and the power to request “post-approval” studies of medicines as warranted. It also gives the FDA the authority to levy fines as high as $10 million to companies that fail to comply. The bill passed with a 405-7 vote on Wednesday and is expected to be passed by the Senate and approved by the President.