• Pfizer to run out of penicillin solutions in next few months

    Amid a shortage of amoxicillin and penicillin — the two main antibiotics for strep infections, which rose in early 2023 — Pfizer said it has "limited supply and [an] impending stock out situation" for some of its penicillin prefilled syringe products. 
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  • 4 ways Sanofi is using AI to power pharma innovations

    Sanofi announced its latest endeavor into AI technologies with the use of an internal app, which company CEO Paul Hudson says is a move to align with its aim to become the "first pharma company powered by artificial intelligence at scale," according to a June 13 news release. 
  • FDA approves 1st pediatric drug for functional constipation

    The FDA approved Ironwood Pharmaceuticals' Linzess (linaclotide) capsules June 12, making it the first pediatric treatment for functional constipation. 
  • Erectile dysfunction gel receives FDA green light

    An over-the-counter topical treatment for men with erectile dysfunction on May 12 was authorized by the FDA for marketing. Futura Medical's Eroxon gel can now be marketed as a de novo medical device.
  • 6 Ozempic updates

    Novo Nordisk's Type 2 diabetes drug Ozempic (semaglutide) shot up in popularity for its off-label use for weight loss. Here are six recent updates on the drug: 
  • Alternative funding programs can spike drug costs, harm patients, advocacy group says

    The Alliance for Patient Access, a national advocacy group, has published a report outlining key ways employer-sponsored health plans can benefit from alternative funding programs at the expense of some patients.
  • Novartis will buy Chinook Therapeutics for $3.5B

    Novartis announced June 12 that it will acquire Chinook Therapeutics, a Seattle-based biopharmaceutical company that develops novel kidney medicines, for a total value of $3.5 billion.
  • Illumina CEO resigns

    Francis deSouza, CEO of San Diego-based biotech company Illumina, stepped down from the role June 11 and will be an adviser through July. 
  • Mark Cuban's drug company doubles local pharmacy network

    Mark Cuban Cost Plus Drug Co. recently expanded its network of independent pharmacies from 36 to 80 across seven states. 
  • Teva to stop sending 340B-discounted drugs to contract pharmacies

    Teva Pharmaceuticals will stop shipping 36 discounted drugs to contract pharmacies July 5 because of its concerns of a diluted 340B program, according to a letter acquired by 340B Health. 
  • Diabetes drug cuts long COVID-19 risk by 40%, large study finds

    Metformin — a first-line treatment for Type 2 diabetes — significantly lowers the risk of developing long COVID-19 when taken within the first few days of infection, according to new findings from researchers at the University of Minnesota Medical School in Minneapolis. 
  • ASHP awards 30 hospital pharmacy leaders, workers

    The American Society of Health-System Pharmacists honored 41 members as 2023 Fellows for their "excellence in pharmacy practice," the organization said June 8. 
  • Cancer drug shortage is complicating treatment, survey finds

    The ongoing shortages of numerous oncology medications are causing delays in care for patients at cancer centers, according to a study from the National Comprehensive Cancer Network. 
  • 14 of 20 most commonly prescribed drugs are in shortage

    Seventy percent of the 20 most commonly prescribed medications from GoodRx are in shortage, according to databases from the FDA and the American Society of Health-System Pharmacists.
  • Military considers drug safety testing amid quality concerns

    The Department of Defense is designing a program to assess the safety of widely used generic drugs amid concerns over their quality, Bloomberg reported June 7.
  • 2 Georgia schools sign PharmD priority applicant deal

    Atlanta-based Mercer University College of Pharmacy secured a deal with another Georgia university to promise priority applicant status for Mercer's PharmD program and cut one school year. 
  • Local anesthetics shortage prolonged

    Local anesthetics bupivacaine and lidocaine have been in unsteady supply since at least 2015, and recently, drugmakers postponed their expected resupply dates again. 
  • Oncology drugs in shortage: 4 updates

    Shortages of a handful of cancer drugs are causing concern as drug companies delay resupply dates and physicians worry about providing adequate care for their patients. 
  • Mark Cuban's drug company partners with 2 mail-order pharmacies

    Mark Cuban Cost Plus Drug Co., a mail-order pharmacy with thousands of generics and a handful of brand-name drugs, has partnered with two mail-order pharmacies. 
  • Lung cancer drug lowers death risk by 51%

    AstraZeneca's approved lung cancer drug Tagrisso (osimertinib) reduced the risk of death by 51 percent in a phase 3 study that involved 682 patients with non-small cell lung cancer. 

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