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Financial Times - Nov 1

PRESS DIGEST- Financial Times - Nov 1 Nov 1 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - Rival creditor group offers Thames Water emergency loan at lower rate - British aerospace pioneer Reaction Engines collapses into administration - GB News fined 100,000 stg in first financial sanction by Ofcom - EU fines world's largest generic drugmaker Teva for hindering competition Overview -
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Drugmakers Apotex, Heritage to pay $49 mln to resolve states' price-fixing claims

Drugmakers Apotex, Heritage to pay $49 mln to resolve states' price-fixing claims By Mike Scarcella Oct 31 (Reuters) - Generic drugmakers Apotex and Heritage Pharmaceuticals have agreed to pay nearly $50 million to settle claims by Connecticut and other states that accused them of conspiring to artificially inflate prices. Heritage, a subsidiary of India’s Emcure Pharmaceuticals, and Apotex said they will cooperate with the states in continuing litigation against dozens of other drugmakers acc
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Teva hit with $503 mln EU antitrust fine for disparaging rival product

UPDATE 1-Teva hit with $503 mln EU antitrust fine for disparaging rival product Adds response from Teva in paragraph 2 and paragraphs 6-8, fresh Vestager comments, details By Sudip Kar-Gupta BRUSSELS, Oct 31 (Reuters) - Teva TEVA.TA , the world's largest generic drugmaker, was hit on Thursday with a 462.6 million euro ($503 million) EU antitrust fine for abusing its dominant position to delay competition to its blockbuster multiple sclerosis medicine Copaxone .
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Teva fined $503 mln by EU for disparaging rival product

Teva fined $503 mln by EU for disparaging rival product BRUSSELS, Oct 31 (Reuters) - The European Commission has fined Teva TEVA.TA , the world's largest generic drugmaker, 462.6 million euros ($503 million) for abusing its dominant position to delay competition to its blockbuster multiple sclerosis medicine Copaxone, confirming a Reuters exclusive .
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Amicus Therapeutics Enters License Agreement With Teva Pharmaceuticals

BRIEF-Amicus Therapeutics Enters License Agreement With Teva Pharmaceuticals Oct 17 (Reuters) - Amicus Therapeutics Inc FOLD.O : AMICUS THERAPEUTICS ANNOUNCES SETTLEMENT OF GALAFOLD® (MIGALASTAT) PATENT LITIGATION WITH TEVA AMICUS THERAPEUTICS INC - ENTERS LICENSE AGREEMENT WITH TEVA PHARMACEUTICALS AMICUS THERAPEUTICS INC - TEVA TO MARKET GENERIC GALAFOLD IN U.S.
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Wall Street Journal - Oct 11

PRESS DIGEST-Wall Street Journal - Oct 11 Oct 11 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - China-owned social-media platform TikTok is laying off employees as part of a revamp of its content-moderation operations. It plans to invest $2 billion globally in trust and safety initiatives in 2024, aiming to improve efficacy.
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Teva to pay $450 million to resolve US kickback, price-fixing cases

UPDATE 1-Teva to pay $450 million to resolve US kickback, price-fixing cases Adds details on settlement, background of case throughout By Nate Raymond BOSTON, Oct 10 (Reuters) - Teva Pharmaceutical Industries Ltd TEVA.TA has agreed to pay $450 million to resolve allegations it used charities that help cover Medicare patients' out-of-pocket drug costs as a means to pay kickbacks to boost sales of its multiple sclerosis drug Copaxone and conspired to fix prices for generic drugs.
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Teva agrees to pay $450m to resolve kickback allegations, US Justice Dept says

Teva agrees to pay $450m to resolve kickback allegations, US Justice Dept says WASHINGTON, Oct 10 (Reuters) - New Jersey-based drugmaker Teva has agreed to pay $450 million to resolve allegations that it violated an anti-kickback statute and the False Claims Act, the U.S. Justice department said in a statement on Thursday. "Kickbacks designed to induce referrals or purchases of healthcare goods or services distort physician and patient decision-making, thwart competition and bypass controls put
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Teva Prolia Biosimilar Candidate Is Accepted For Review By U.S. FDA And EU EMA

BRIEF-Teva Prolia Biosimilar Candidate Is Accepted For Review By U.S. FDA And EU EMA Oct 8 (Reuters) - Teva Pharmaceutical Industries Ltd TEVA.TA : TEVA PROLIA® (DENOSUMAB) BIOSIMILAR CANDIDATE IS ACCEPTED FOR REVIEW BY U.S. FDA AND EU EMA TEVA PHARMACEUTICAL INDUSTRIES LTD - FDA AND EMA DECISIONS EXPECTED IN 2H 2025 Source text for Eikon: ID:nGN
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Abu Dhabi's ADNOC to buy German chemicals firm Covestro for $16 bln

UPDATE 6-Abu Dhabi's ADNOC to buy German chemicals firm Covestro for $16 bln ADNOC to pay 62 euros per Covestro share, take on 3 bln in debt To buy additional 1.2 bln euros worth of new shares in Covestro Covestro shares jump 3.7% to a three-year high Deal could fuel debate over foreign takeovers of German firms Adds Covestro supervisory board's advisers in paragraph 26 By Ludwig Burger and Yousef Saba BERLIN/DUBAI Oct 1 (Reuters) - Abu Dhabi's ADNOC has struck a deal to buy German chemicals mak
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Copycat drugmakers will be low-key obesity winners

BREAKINGVIEWS-Copycat drugmakers will be low-key obesity winners The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Aimee Donnellan LONDON, Sept 25 (Reuters Breakingviews) - Generic drug makers are getting ready to take a bite out of the booming weight loss market. Firms like Teva Pharmaceutical TEVA.TA and Sandoz SDZ.S have started to launch the first copycats from the class of drugs which include Novo Nordisk's NOVOb.CO hugely successful Ozempic and Wegovy
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Teva Says Tev-‘749 Meets Primary Endpoint In Phase 3 Study

BRIEF-Teva Says Tev-‘749 Meets Primary Endpoint In Phase 3 Study Sept 21 (Reuters) - Teva Pharmaceutical Industries Ltd TEVA.TA : TEVA PRESENTS NEW PHASE 3 EFFICACY, SAFETY AND TOLERABILITY DATA FROM SOLARIS TRIAL EVALUATING TEV-‘749 (OLANZAPINE) AS A ONCE-MONTHLY SUBCUTANEOUS LONG-ACTING INJECTABLE FOR ADULT PATIENTS DIAGNOSED WITH SCHIZOPHREN
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Novo says Ozempic 'very likely' to be on 2027 Medicare negotiation list, Bloomberg News reports

Novo says Ozempic 'very likely' to be on 2027 Medicare negotiation list, Bloomberg News reports Sept 17 (Reuters) - Danish drugmaker Novo Nordisk NOVOb.CO expects its diabetes drug Ozempic will "very likely" be on the U.S. government's 2027 list of price negotiations, Bloomberg News reported on Tuesday citing a company executive . Part of 2022's Inflation Reduction Act allows Medicare to negotiate prices for prescription drugs that had been particularly expensive for the federal health program w
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Baltimore to take drug distributors to trial over opioids

UPDATE 1-Baltimore to take drug distributors to trial over opioids Adds comment from Cencora in paragraph 4 By Brendan Pierson Sept 16 (Reuters) - The city of Baltimore is scheduled to go to trial this week in its $11 billion lawsuit accusing drug distributors McKesson MCK.N and Cencora COR.N of fueling an epidemic of opioid addiction and overdose deaths.
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Baltimore to take drug distributors to trial over opioids

CORRECTED-Baltimore to take drug distributors to trial over opioids Corrects headline and lead, adds paragraphs 4-5 to state that J&J settled before trial By Brendan Pierson Sept 16 (Reuters) - The city of Baltimore is scheduled to go to trial this week in its $11 billion lawsuit accusing drug distributors McKesson MCK.N and Cencora COR.N of fueling an epidemic of opioid addiction and overdose deaths.
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Baltimore settles with Teva, Walgreens ahead of scheduled opioid trial

UPDATE 1-Baltimore settles with Teva, Walgreens ahead of scheduled opioid trial Adds comment from J&J in paragraph 6 By Brendan Pierson Sept 10 (Reuters) - Baltimore said on Tuesday that it has settled with Walgreens WBA.O over claims that the pharmacy operator fueled opioid addiction in the Maryland city, the latest in a series of settlements totaling $402.5 million ahead of a trial scheduled to begin next week.
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Baltimore settles with Teva, Walgreens ahead of scheduled opioid trial

Baltimore settles with Teva, Walgreens ahead of scheduled opioid trial By Brendan Pierson Sept 10 (Reuters) - Baltimore said on Tuesday that it has settled with Walgreens WBA.O over claims that the pharmacy operator fueled opioid addiction in the Maryland city, the latest in a series of settlements totaling $402.5 million ahead of a trial scheduled to begin next week.
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UnitedHealth to remove AbbVie's Humira from some US drug reimbursement lists next year

UnitedHealth to remove AbbVie's Humira from some US drug reimbursement lists next year By Patrick Wingrove Sept 10 (Reuters) - UnitedHealth Group UNH.N said on Tuesday it will remove AbbVie’s ABBV.N blockbuster rheumatoid arthritis drug Humira from some of its lists of preferred drugs for reimbursement as of Jan. 1, 2025, and recommend less expensive biosimilar versions of the medicine instead.
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Teva faces EU fine for disparaging rival multiple sclerosis medicine, sources say

EXCLUSIVE-Teva faces EU fine for disparaging rival multiple sclerosis medicine, sources say Adds the European Commission comment, Teva did not immediately respond to request for comment, details By Foo Yun Chee BRUSSELS, Sept 10 (Reuters) - Teva TEVA.TA , the world's largest generic drugmaker, will be hit with an EU antitrust fine in the coming weeks for disparaging a rival product to its blockbuster multiple sclerosis medicine Copaxone, people with direct knowledge of the matter said on Tuesday
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EU set to fine Teva for disparaging rival multiple sclerosis medicine, sources say

EXCLUSIVE-EU set to fine Teva for disparaging rival multiple sclerosis medicine, sources say BRUSSELS, Sept 10 (Reuters) - EU antitrust regulators are set to fine world No. 1 generic drugmaker Teva TEVA.TA in the coming weeks for disparaging a rival product to its blockbuster multiple sclerosis medicine Copaxone, people with direct knowledge of the matter said on Tuesday.
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