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A depression drug that’s been called ‘the most important discovery in half a century’ just got a big step closer to FDA approval

Esketamine, a first-of-its-kind depression drug made by Johnson & Johnson, got a big nod on Tuesday from a group of experts convened by regulators.
The Sacklers are worth an estimated $14 billion.

Meet the Sacklers, one of the richest families in America, who built their $14 billion fortune off of controversial prescription drug OxyContin

The secretive family's $14 billion fortune comes mainly from sales of the prescription painkiller. They're also well-known for their philanthropic endeavors.
A pharmacy manager at a Florida Wal-Mart completes a transaction with a customer.

Walmart and CVS just resolved their $4 billion dispute over where you can pick up your prescriptions

People whose prescriptions are handled by CVS Caremark will still be able to pick them up at Walmart pharmacies, after the companies ended a pricing spat.
A drug company tried energy trading, and things didn't go as planned.

A tiny diabetes drug maker in Norway decided to get into energy trading — and failed spectacularly

Vistin Pharma, known for its type-2 diabetes drug Metformin, said in March that it would try its hand at the energy market. Things didn't go to plan.
Pharmaceutical companies still have increases planned for January of next year, in spite of President Donald Trump recently shaming Pfizer and others for price hikes.

Trump may have shamed Pfizer for increasing drug prices, but that isn’t stopping drugmakers from doing more of the same

Pharmaceutical companies are increasing drug price again this month, and they could be even larger than usual.
Price increases on the decades-old antifungal drug nystatin in 2014 are being blamed on collaboration between the companies that made the drug, according to newly revealed allegations in a huge federal lawsuit.

A smiley-face text message about hiking the price of an old drug is at the center of a massive lawsuit being brought against nearly 20 big drug compan...

The allegation is part of a larger civil antitrust complaint being brought by most US states regarding price hikes on a number of generic drugs.
The pain reliever Advil is one of the well-known brands that Pfizer is spinning off as part of a new collaboration with fellow drugmaker GlaxoSmithKline.

Two huge drugmakers are spinning off iconic brands like Advil, ChapStick and Emergen-C with nearly $13 billion in sales — and it’s part of...

The products involved in the deal are familiar pharmacy names, but they also have lower margins than other medicines.
Two new therapies use peanuts to desensitize those with the allergy, in hopes of protecting people from accidental exposure.

A treatment for the most common food allergy could be available next year, and one biotech just drew ahead in the race for the $3 billion market

Kids with peanut allergies haven't had many options, but first-of-their-kind treatments could change that as soon as 2019.
AbbVie revealed on Wednesday that it had halted patient enrollment in a late-stage clinical trial for a small-cell lung cancer drug after poor patient outcomes.

A cancer drug that AbbVie acquired in a $10 billion deal is looking more and more like a failure

AbbVie just stopped enrolling patients in a late-stage trial of a high-profile lung cancer drug after patients had shorter survival results on the drug.