Health Industry Challenges and Developments: A Comprehensive Update
This health news update covers Bayer's $100 million payout over PCBs, Biogen's future strategy, Pfizer's appeal in an SEC case, UnitedHealth's 2025 outlook concerns, Keros halting a drug trial, a new obesity diagnosis framework, biopharma's 2025 goals, Germany's foot-and-mouth outbreak control, Marburg virus cases in Tanzania, and pharmacy managers inflating drug prices.
A Washington jury has mandated Bayer to pay $100 million to plaintiffs affected by PCBs at a local school, though it absolved the company of further liabilities. This verdict marks another chapter in ongoing legal battles concerning chemical contamination at Monroe's Sky Valley Education Center.
Biogen, foreseeing promising revenues from new launches by 2028, dismissed the urgency for further acquisitions. CEO Chris Viehbacher underscored the company's strategic independence amidst industry speculation during the JP Morgan Healthcare Conference.
The Federal Trade Commission reports that major pharmacy benefit managers have increased drug prices substantially, realizing a $7.3 billion profit from 2017 to 2022. This revelation raises questions about pricing practices amid heightened scrutiny of healthcare costs.
(With inputs from agencies.)
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- health
- pharmaceuticals
- PCBs
- Bayer
- Biogen
- SEC
- Pfizer
- pharmacy
- drug pricing
- Marburg virus
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