Report: OxyContin Maker to Stop Marketing Opioid Products to Physicians
Purdue Pharmaceuticals, the maker of the powerful painkiller OxyContin, said on Saturday it will stop marketing opioid drugs to physicians following a slew of lawsuits against the company over the opioid epidemic, The Hill reports.
"We have restructured and significantly reduced our commercial operation and will no longer be promoting opioids to prescribers", the Stamford, Connecticut-based company said in a statement.
The company said it is reducing its sales staff by more than half, and that its remaining salespeople will no longer visit doctor's offices to push their product. Doctors with questions about opioids will be directed to the company's medical affairs department. The CDC says more than three out of five drug overdose deaths involve opioids - and that annual deaths from heroin and prescription opioids have increased more than five-fold since 1999, including 42,000 deaths in 2016.
"The genie is already out of the bottle", said Dr. Andrew Kolodny, director of opioid policy research at Brandeis University and an advocate for stronger regulation of opioid drug companies. "But if other opioid manufacturers would do the same, it would have a bigger effect". The decision comes as the drug maker continues to face criticism for marketing addictive painkillers. Alabama Attorney General Steve Marshall filed a lawsuit on Tuesday accusing Purdue of deceptively marketing prescription opioids.
Snow to start around mid-morning, most schools closed
As of 5 p.m. on Tuesday afternoon, the winter storm watch extended from Red Deer County to the entire southern border of Alberta. The wind will be out of the northeast between 10-20 miles per hour which will cut down visibility next to nothing at times.
Purdue's promotions exaggerated the drug's safety and risks of addiction, leading to lawsuits and federal investigations.
"We manufacture prescription opioids", reads one of the ads.
Purdue first introduced Oxycontin in 1985.
That year, Purdue also reached a $19.5-million settlement with 26 states and the District of Columbia. He has yet to declare it a national emergency as he pledged to do in August following a recommendation by a presidential commission.
Treasurys are surging as stocks get slammed
And swings in bond prices are likely to become more common than in recent years, when returns were unusually smooth, experts say. "If we see 3.0 percent next week that is going to spook people more - the equity market psyche is fragile at this point".
Amazon set to launch its own delivery service
Following the newspaper report this morning, shares of both FedEx Corp. and United Parcel Service Inc., fell into the red. A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock.
Russian aircraft crashes after takeoff from Moscow
Russian Federation has suffered numerous plane crashes, with airlines often operating ageing aircraft in unsafe flying conditions. In March 2016, a Boeing 737-800 flown by FlyDubai crashed while landing at Rostov-on-Don, killing all 62 people aboard.
Dow drops by more than 1000 points twice in week
He has denied the accusations but said he could not be effective in his corporate positions in the face of those allegations. The Dow moved almost 500 points during trading on Wednesday before closing down 19 points, or 0.08 per cent, at 24,893.
Met Office warns of ice and snow
A spokesman said: "A very cold westerly airstream will bring frequent snow showers to many western and central areas on Sunday ". Public Health England (PHE) government forecasters have extended a cold weather health alert until Tuesday.
Indiana Basketball: Saturday look around the Big Ten
Miles Bridges was a one-man crew dribbling to his right and firing off a deep three to break the tie and defeat Purdue 68-65. Michigan State jumped in front for the first time when Bridges made a jumper near the top of the key with 9:06 left.
Research Report For NVIDIA Corporation (NVDA)
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