Articles by Susan Heavey, Carl O'Donnell and Ahmed Aboulenein

Biden Administration Unveils Steps to Lower Drug Prices

President Joe Biden’s administration on Thursday unveiled its promised initiative aimed at cutting drug prices, saying it will test new ways to reduce such costs for the Medicare health insurance program including tying payments for medications to their effectiveness. The …

FDA Grants Full Approval to Pfizer-BioNTech COVID-19 Vaccine

The U.S. drug regulator on Monday granted full approval to the Pfizer Inc/BioNTech SE COVID-19 vaccine, making it the first to secure such Food and Drug Administration validation as health authorities struggle to win over vaccine skeptics during a relentless …

J&J to Resume Shipments of COVID-19 Vaccine to EU with Safety Warning

Johnson & Johnson said on Tuesday it will resume rolling out its COVID-19 vaccine in Europe after the region’s medical regulator said the benefits of the shot outweigh the risk of very rare, potentially lethal blood clots. Europe’s health regulator, …

Drugmakers Plan to Raise Prices in New Year: Reuters, 3 Axis Advisors

Drugmakers including Pfizer Inc., Sanofi SA, and GlaxoSmithKline Plc plan to raise U.S. prices on more than 300 drugs in the United States on Jan. 1, according to drugmakers and data analyzed by healthcare research firm 3 Axis Advisors. The …

Walgreens, CVS Lead COVID-19 Vaccination Drive for Nursing Homes

The U.S. government and two of the nation’s largest pharmacy chains kick off a nationwide campaign to vaccinate nursing home residents against COVID-19 on Monday, a week after the first vaccines authorized in the country began being administered to healthcare …

Moderna Vaccine Distribution Begins; CDC Urges Priority for Frontline Workers, Elderly

An advisory panel on Sunday recommended U.S. frontline essential workers and people 75 and older should be next in line to get inoculated as the distribution of Moderna Inc.’s vaccine, the second approved coronavirus vaccine, began across the country. The …

Pfizer Vaccine Faces Some Storage, Production, Snowstorm Challenges

The first days of Pfizer Inc.’s COVID-19 vaccine rollout have seen unexpected hitches including some vaccines being stored at excessively cold temperatures and Pfizer reporting potential challenges in its vaccine production, U.S. officials said on a Wednesday press call. At …

Q&A: Where Drugmakers Are in the Race for COVID-19 Vaccine

Drugmakers and research centers around the world are working on COVID-19 vaccines, with large global trials of several of the candidates involving tens of thousands of participants well underway. The following is what we know about the race to deliver …

U.S. to Fine Nursing Homes That Fail to Meet Testing Mandate

Nursing homes in the United States will now be required to test staff for COVID-19 and offer testing to residents, the Centers for Medicare & Medicaid Services (CMS) said on Tuesday. The new rules also mandate nursing homes to share …

Trump Signs Executive Orders to Lower Prescription Drug Prices

U.S. President Donald Trump on Friday signed four executive orders aimed at lowering the prices Americans pay for prescription drugs, as he faces an uphill re-election battle and criticism over his handling of the coronavirus pandemic. Trump has previously proposed …