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Trust Digest 159 (October 6, 2016)
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Drugmakers Point Finger at Middlemen for Rising Drug Prices
Pharmacy-benefit managers and the rebates they command come in for criticism by pharmaceutical executives.
Key Words: US, drug prices
Trust Issues: Adjustment, Capability, Integrity
Democratic and Republican doctors treat patients differently
According to a new study, party affiliation affects how doctors approach medical issues ranging from abortion to mental health.
Key Words: Political parties, doctors, treatment
Trust Issues: Communications, Adjustment
Novo Nordisk Bets on Riskier Insulin research
The move would bring the Danish pharmaceutical company closer to the risky drug-discovery activities of the wider pharmaceutical industry.
Key Words: Pharmaceutical industry, risky drug-discovery
Trust Issues: Benevolent Concern, Capability, Risk Tolerance
GlaxoSmithKline to Pay $20 Million to Settle SEC Bribery Probe
GlaxoSmithKline PLC agreed to pay $20 million to settle charges that the drugmaker’s Chinese subsidiaries engaged in bribery schemes to increase sales in the Asian country, the Securities and Exchange Commission said Friday.
Key Words: SEC, GlaxoSmithKline, bribery
Trust Issues: Risk Tolerance, Benevolent Concern
Mylan’s EpiPen Pretax Profits 60% Higher Than Number Told to Congress
Mylan NV on Monday clarified the profit it said it made from its lifesaving EpiPen drug, days after House members badgered the company’s CEO to justify the device’s steep price increases.
Key Words: Mylan, EpiPen, profits
Trust Issues: Honesty, Transparency
Morgan Stanley charged with running unethical sales contests: regulator
Morgan Stanley was charged with “dishonest and unethical conduct” by Massachusetts’s top securities regulator on Monday for having pushed its brokers to sell loans to their clients.
Key Words: Morgan Stanley, securities regulator
Trust Issues: Honesty, Integrity
Google has until October 31 to reply to EU’s Android antitrust charges
Alphabet’s Google has been given until the end of October, the fourth extension, to rebut EU antitrust charges that is uses its dominant Android mobile operating system to block competitors, the European Commission said on Monday.
Key Words: Google, EU, antitrust
Trust Issues: Integrity, Conflict of Interests
US suspends contacts with Russia on Syria
In a sharp deterioration of relations, the U.S. on Monday suspended diplomatic contacts with Russia over Syria, while Moscow halted cooperation on a joint program for disposal of weapons-grade plutonium.
Key Words: US, Russia, Syria
Trust Issues: Conflict of Interest, Risk Tolerance, Security