Drug companies, distributors, and pharmacies are all racing to comply with federal pharmaceutical identification requirements ahead of a November deadline. Contract pharmaceutical manufacturers face a unique set of challenges under the Drug Supply Chain Security Act. Ashley Umberger, the manager of engineering at Virginia-based Afton Scientific, told Pharmaceutical Processing that her company went above and…
Study: Medical Marijuana Leads To Fewer Prescriptions
States that allow the use of marijuana for medicinal purposes also see lower rates of prescription drug use, according to a new study. The analysis by researchers from the University of Georgia found that the 17 states with legal medical marijuana as of 2013 — as well as the District of Columbia — shaved $165.2…
Theranos CEO Banned From Operating Lab
Federal health authorities last week revoked the laboratory license of embattled biotech startup Theranos and banned its founder from owning or operating a lab for two years. The Centers for Medicare and Medicaid Services, which oversees the nation’s labs, released the findings of its investigation into the company on Friday. The agency alleged that Theranos’…
WellSpring’s $3M Equipment Purchase & New Partnership
Citius Completes Acquisition of Leonard-Meron Biosciences
Citius Pharmaceuticals on Monday announced its completed acquisition of Leonard-Meron Biosciences. Under the terms of the deal, Massachusetts-based Citius acquired the outstanding common shares of New Jersey-based LMB in exchange for shares of its own common stock. The agreement announced last month said that LMB shareholders would hold about 49 of the common stock in…