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Congress can protect seniors’ access to medicines before it becomes too late

Congress can protect seniors' access to medicines before it becomes too late

In nursing homes throughout the U.S., older adults rely heavily on round-the-clock care and medication—a need that stands out compared to other patient groups. These facilities depend on a limited number of long-term care specialty (LTC) pharmacies to ensure that residents receive the medications they require. But what happens if these essential LTC pharmacies were […]

Midday stock movers: Delta Air Lines, Revolution Medicines, Centene and others

Midday stock movers: Delta Air Lines, Revolution Medicines, Centene and others

Market Update In a significant development, Revolution Medicines has drawn attention as its biotechnology stock surged by 13% following the release of promising test results for Daraxonrasib, a new treatment aimed at pancreatic cancer. With these encouraging findings, the company plans to initiate a Phase 3 trial in the fourth quarter. On a different note, […]

Affordable insurance, accessible treatment, and low-cost medicines attracting NRIs to India

Affordable insurance, accessible treatment, and low-cost medicines attracting NRIs to India

Growing Interest in Medical Care in India Among NRIs In New Delhi, a report from PolicyBazaar reveals a significant trend: low medical insurance premiums, affordable healthcare costs, and top-notch facilities in private hospitals are attracting Non-Resident Indians (NRIs) back to India for medical treatment. Insurance aggregator PolicyBazaar noted that the number of NRIs purchasing health […]

‘Most Favored Nation’ Will Lead Americans to Rely on Chinese Medicines

Joe Biden’s promises to tackle cancer and lower drug prices haven’t materialized as expected. His main legislative effort, the Inflation Reduction Act, has actually led to increased drug prices, complicating cancer treatment due to burdensome regulations and penalties. Moreover, Biden’s collaboration with progressive figures like Bernie Sanders and Nancy Pelosi has pushed for importing Europe’s […]

The US relies on China for key medicines. They won't be spared from tariffs

President Trump's tariffs in China are in place, striking all products imported from the country, including many of the medicines Americans rely on. China's imports account for a significant proportion of US prescriptions and counter drugs. Many Chinese-made drugs are generics, accounting for 91% of prescriptions dispensed in the US “The Chinese market is the […]

FDA proposes ending use of popular decongestant present in cold medicines

The U.S. Food and Drug Administration has proposed that oral phenylephrine, commonly used in cold and cough syrups, not be used as an active ingredient in over-the-counter drugs because it is ineffective, health regulators announced Thursday. Phenylephrine is widely used in a variety of over-the-counter flu and cold medicines, including popular products such as Benadryl, […]

American Leadership in Developing Medicines in Jeopardy

House Republican leaders warned Thursday that the Biden-Harris plan for drug price negotiations “put at risk” America’s dominant position as a global leader in new drug development. House Speaker Mike Johnson (R-LA), House Majority Leader Steve Scalise (R-LA), House Majority Whip Tom Emmer (R-MN), and House Republican Conference Chair Elise Stefanik (R-NY) issued a joint […]