Novavax to Receive $350 Million for Cancelled COVID Vaccine Orders in Canada
According to a securities filing with the U.S. Securities and Exchange Commission (SEC) by Novavax Inc. of Gaithersburg, Maryland on June 30, 2023, the government of Canada will pay the company $349.6 million to settle the forfeiting of doses of its Nuvaxovid recombinant protein COVID-19 vaccine previously ordered and scheduled for delivery.1 2 Nuvaxvoid was […]
FDA Panel Endorses New Alzheimer’s Drug After Accelerated Approval
The newest Alzheimer’s drug is on its way for full regulatory approval after a U.S. Food and Drug Administration (FDA) advisory panel voted that the drug was beneficial in slowing cognitive decline. The drug is expected to be fully approved by July 6, 2023.1 In clinical trials the drug, known as lecanemab, demonstrated a 27 […]
Global Pediatric Vaccines Market to Exceed $69 Billion by 2030
A report released by Coherent Market Insights showed that pediatric vaccines market will surpass $69.482 billion by 2030.1 The main pharmaceutical companies in the global market for pediatric vaccines include Bharat Biotech, Emergent BioSolutions, GSK, Indian Immunologicals, Merck, Panacea Biotec, Pfizer, Sanofi, Serum Institute and Zydus Cadila.2 Pediatric Vaccine Approvals by Governments Will Drive Vaccine […]
Coronavirus Testing Lab Defrauded U.S. Government of $83 Million
The U.S. Department of Justice (DOJ) recently announced criminal charges against Zishan Alvia, owner of Laboratory Elite, a SARS-CoV-2 virus testing laboratory in Chicago accused of a scheme in which Alvia obtained $83 million by fraudulently billing the U.S. Health Resources and Services Administration’s (HRSA) Uninsured Program for reimbursement for SARS-CoV-2 tests.1 HRSA’s Uninsured Program […]
AAP Says Obese Children Should Be Treated “Aggressively” With Drugs and Surgery
New guidelines from the American Academy of Pediatrics (AAP) state that obese children should be evaluated and treated “early and aggressively” with medications or weight loss surgeries.1 This is the first guidance from the AAP in 15 years on childhood obesity, which affects more than 14.4 million children in the U.S. and has tripled in […]
Big Pharma’s Influence in Shaping the U.S. Medical Model
The United States is the most medicated country in the world, with 70 percent of Americans using at least one prescription drug daily. The U.S. also has the highest rates of obesity, heart disease, childhood illness, and autoimmune disease, yet it often touts its health care and medical research as the best in the world.1 The […]
