Pharmaceuticals

Teva to pay $523m. to New York as it looks to move past opioid lawsuits

Teva Pharmaceutical Industries will pay up to $523 million to New York State as part of a nationwide settlement of lawsuits alleging the company helped fuel the US opioid epidemic.

By REUTERS
03/11/2022

Getting over the counter drugs in Israel? Wolt expands services

Wolt announced that it has partnered with Be Pharma in order to offer non-prescription drugs with immediate delivery in under an hour.

Super-Pharm purchases eyewear chain Erroca in $23m deal

Erroca has an annual sales turnover of approximately NIS 100 million through its 60 branches.

By YEHUDA SHARONI/MAARIV
03/09/2022

Israeli medical cannabis company receives European export certification

The EU-GMP certification is essential in order to create, export and market any type of medicine in Europe, including medical cannabis.

Pills

Major Australian pharma company considers entering Israeli market

Australian pharma giant Chemist Warehouse is in the advanced stages of considering expansion into the Israeli market.

By YEHUDA SHARONI/MAARIV
18/08/2022

CVS, Walmart, Walgreens ordered to pay $650.6m. in Ohio in opioid case

The litigation has resulted in several nationwide settlements, including a $4.25 billion settlement with Israel-based Teva Pharmaceutical Industries

By REUTERS
18/08/2022

Forget avocado oil, this startup uses a new avo extract to treat skin issues

Early startup AvoMed has developed a way to use the whole buffalo (or in this case, the whole avocado) to develop effective skin damage treatments.

Pfizer profit beats estimates on higher demand for COVID products

Revenue from the antiviral pill, Paxlovid, exceeded market estimates by more than $1b, while vaccine sales surged 20%, helping the drugmaker reaffirm the combined 2022 revenue forecast of $54b.

By REUTERS
28/07/2022

Israeli Teva reaches proposed $4.35 bln settlement of US opioid lawsuits

The US opioid crisis has caused more than 500,000 overdose deaths over the past two decades, including more than 80,000 in 2021 alone.

27/07/2022
Bottles of prescription painkiller OxyContin, 40mg pills, made by Purdue Pharma L.D. sit on a shelf

For its redemption, the pharmaceutical industry must go plant-based

Should the pharmaceutical industry be lauded or lambasted for the drugs that they've developed? Or is there a middle path for the industry to take?

By Ilan Sobel
14/06/2022
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