Life is hectic, we know, so here’s a recap of the Healthcare Weekly Hot Topics you can’t afford to miss:
- Allergen Settles Lawsuit for $750 Million. Reuters. October 28, 2019.
Allergan will pay $750 million to settle a class action lawsuit from a group of direct purchasers of Alzheimer’s disease therapy Namenda, the drugmaker said, in a resolution to the litigation. The settlement makes no admission of wrongdoing on its part.
2) Senate Blocks Effort to Roll Back Trump Administration’s Obamacare Rule. The Hill. October 30, 2019.
The Senate rejected a Democratic effort to roll back a Trump administration rule that allows states to ignore parts of ObamaCare.
3) University Physician Group Pays Off its Unsecured Creditors. Becker’s Hospital Review. October 22, 2019.
UPG successfully completed the final milestone on its bankruptcy journey upon paying its creditors. The group completed the bankruptcy requirements in just under a year.
4) Meijer Family Donates $19.5 Million to MSU for New Facility in Grand Rapids. MiBiz October 25, 2019.
The $19.5 million gift will pay to design, construct and equip a radiopharmacy at the planned Medical Innovation Building that will occupy existing green space at the Grand Rapids Innovation Park.
5) Hospitals to Sue Opioid Makers Over Cost of Treating Uninsured for Addiction. Kaiser Health News. October 29, 2019.
Hundreds of hospitals have joined in a handful of lawsuits in state courts, seeing the state-based suits as their best hope for winning meaningful settlement money.
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