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Trump administration proposes production quota cuts for six opioids 3:37am EDT

WASHINGTON/NEW YORK The Trump administration on Thursday proposed that U.S. drugmakers cut production quotas of the six most abused opioids by 10 percent next year to fight a nationwide addiction crisis. | Video

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Lawmakers want British vaping rules relaxed to help smokers quit

LONDON Vaping rules should be relaxed to allow the promotion of e-cigarettes as tools to help tobacco smokers quit, British lawmakers said on Friday.

Aug 16 2018
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Pfizer bets on biotech flu vaccine in $425 million BioNTech alliance

FRANKFURT Pfizer has agreed to pay German biotech firm BioNTech up to $425 million in an alliance to develop more effective influenza jabs, the latest among several major pharma companies to bank on a promising new genetic approach.

Aug 16 2018

Japan's Eisai sets price tag of about $16,000 on liver cancer drug

Japan's Eisai Co Ltd said on Thursday it would price its cancer drug Lenvima at about $16,000 for a month's supply before discounts, after the U.S. Food and Drug Administration approved its use in patients with a common form of liver cancer.

Japan Aug 16 2018
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Exclusive: OxyContin maker Purdue taps financial restructuring adviser - sources

NEW YORK/BOSTON OxyContin maker Purdue Pharma LP has tapped law firm Davis Polk & Wardwell LLP for financial restructuring advice, as its potential liabilities swell with a wave of lawsuits over the opioid addiction epidemic sweeping the United States, people familiar with the matter said on Thursday.

Aug 16 2018