Health News Roundup: US Supreme Court set to review Purdue Pharma bankruptcy settlement; Explainer-How climate change is making the world sick and more

Following is a summary of current health news briefs. US Supreme Court set to review Purdue Pharma bankruptcy settlement The U.S. Supreme Court on Monday is set to hear a challenge by President Joe Biden's administration to the legality of OxyContin maker Purdue Pharma's bankruptcy settlement, a deal that if approved would shield its wealthy Sackler family owners from lawsuits over their role in the country's opioid epidemic.


Devdiscourse News Desk | Updated: 04-12-2023 18:48 IST | Created: 04-12-2023 18:27 IST
Health News Roundup: US Supreme Court set to review Purdue Pharma bankruptcy settlement; Explainer-How climate change is making the world sick and more
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Following is a summary of current health news briefs.

US Supreme Court set to review Purdue Pharma bankruptcy settlement

The U.S. Supreme Court on Monday is set to hear a challenge by President Joe Biden's administration to the legality of OxyContin maker Purdue Pharma's bankruptcy settlement, a deal that if approved would shield its wealthy Sackler family owners from lawsuits over their role in the country's opioid epidemic. Purdue's owners under the settlement would receive immunity in exchange for paying up to $6 billion to settle thousands of lawsuits filed by states, hospitals, people who had become addicted and others who have sued the Stamford, Connecticut-based company over its misleading marketing of the powerful pain medication OxyContin.

Explainer-How climate change is making the world sick

Heat stress. Lung damage from wildfire smoke. The spread of disease-carrying mosquitoes into new regions as temperatures rise. These are just a few of the ways that public health has been impacted and compounded by climate change - a focus for the first time ever at the annual U.N. climate summit COP28.

Eli Lilly extends tender offer to buy Point Biopharma to Dec. 15

Eli Lilly, on Monday, gave Point Biopharma Global shareholders more time to sell their stock to the drugmaker amid low participation since the offer price was below the current stock price of the radiopharma developer. Eli Lilly's new deadline is Dec. 15 but maintained its offer price at $12.50 per share despite it being more than 10% lower than Point's share price of $13.8 at close on Friday.

Roche joins race for obesity drugs with $2.7 billion Carmot deal

Roche agreed to take over unlisted obesity drug developer Carmot Therapeutics for $2.7 billion upfront, joining a list of contestants seeking to challenge the dominant makers of weight-loss drugs Novo Nordisk and Eli Lilly. The U.S. takeover target's most promising drug candidate, a once-a-week injection called CT-388, is a dual GLP-1/GIP receptor agonist like Lilly's Mounjaro, or Zepbound.

US FDA gives second approval to Eli Lilly's drug for type of blood cancer

Eli Lilly said on Friday the U.S. Food and Drug Administration (FDA) gave a second approval for its drug Jaypirca, which is used to treat a form of blood cancer. The company said the health regulator gave the new approval to the drug for the treatment of chronic lymphocytic leukemia (CLL), a type of cancer in which the bone marrow makes too many of certain white blood cells.

South Africa's Aspen expands further into Asia with Sandoz China deal

Aspen Pharmacare is expanding further into China through a deal to buy the Chinese business of Swiss group Sandoz for up to 92.6 million euros ($100.6 million), the South African company said on Monday. As part of the deal, Aspen Global Incorporated, a subsidiary of Aspen, will also buy the selling and intellectual property rights of a portfolio of established products that include Sandostatin, Aclasta and Voriconazole.

Belgium reports bird flu outbreak on farm near French border

Belgium has reported an outbreak of highly pathogenic H5N1 avian influenza, commonly called bird flu, on a poultry farm in the northwestern part of the country, the World Organisation for Animal Health (WOAH) said on Monday. The outbreak, which would be the first this season, was detected in Diksmuide, not far from France. It killed 95 birds and led to the slaughter of the rest of the flock of 20,100 poultry, the Paris-based body said, quoting information from Belgian authorities.

India finds quality issues with cough syrup linked to Cameroon deaths - sources

Indian tests of a cough syrup linked to the deaths of at least six children in Cameroon have found unidentified quality issues in at least one of the five samples picked up by authorities, two people familiar with the investigation told Reuters. Riemann Labs is one of three Indian drugmakers whose cough syrups have been linked to the deaths of at least 141 children in Gambia, Uzbekistan and Cameroon since the middle of last year. That has cast a shadow on the quality of exports from India, often dubbed the "world's pharmacy" due to its supply of life-saving drugs at low prices to countries that most need them.

Explainer-How will the Supreme Court reshape US opioid epidemic relief?

The U.S. Supreme Court is set on Monday to hear arguments over the legality of a roughly $6 billion bankruptcy settlement involving Purdue Pharma, maker of the powerful and highly addictive pain medication OxyContin that played a key role in the country's opioid epidemic. If the justices allow the deal to proceed, it could lead to billions of dollars being poured into addiction-treatment and other relief efforts. The settlement also would shield the Stamford, Connecticut-based pharmaceutical company's wealthy Sackler family owners from lawsuits brought by opioid victims.

Analysis-As Bayer confronts mounting Roundup losses, all eyes on Philadelphia trial

With Bayer facing investor pressure to resolve thousands of lawsuits over its Roundup weedkiller after being hit with $2 billion in verdicts in recent weeks, all eyes are on a trial wrapping up in Philadelphia. Plaintiffs have won the last four trials over their claims that the product causes cancer, each time securing a larger verdict. Those losses ended a nine-trial winning streak for Bayer, shattering investor and company hopes that the worst of the Roundup litigation was over.

(With inputs from agencies.)

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