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Reuters: Health News

China says United States domestic opioid market the crux of crisis BEIJING (Reuters) - China's drug control agency on Monday said the United States should do more to cut its demand for opioids to tackle the use of synthetic drug fentanyl, but it vowed to step up cooperation after Chinese production of the substance had been blamed for fuelling the U.S. opioid crisis. POSTED JUNE 25, 2018 1:18 AM

Clamor for GSK shingles shot points to bigger profits LONDON (Reuters) - GlaxoSmithKline is facing "unprecedented" demand for its new shingles vaccine Shingrix, suggesting the product could be a bigger money-spinner than the company and analysts initially thought. POSTED JUNE 25, 2018 8:06 AM

Lilly's Jardiance meets main goal of two diabetes trials (Reuters) - Eli Lilly & Co said on Monday that its drug Jardiance, along with insulin therapy, met the main goal of two trials testing it in patients with type 1 diabetes. POSTED JUNE 25, 2018 8:45 AM

Australian watchdog appeals to high court on Pfizer's alleged abuse of market power MELBOURNE (Reuters) - Australia's competition watchdog said on Monday it would appeal to the nation's high court for a ruling on whether Pfizer Inc used its market power to limit competition for its cholesterol-lowering drug Lipitor. POSTED JUNE 25, 2018 2:02 AM

Study preserves hopes for Roche's Tecentriq in lung cancer ZURICH (Reuters) - Swiss drugmaker Roche's hopes of having the first immunotherapy cocktail to be approved as an initial treatment for an aggressive form of lung cancer remained intact on Monday after a trial showed positive survival data. POSTED JUNE 25, 2018 2:34 AM

Merrimack to scrap development of pancreatic cancer treatment (Reuters) - Merrimack Pharmaceuticals Inc said on Monday it would stop developing its experimental treatment for pancreatic cancer after it failed to meet the main and secondary goals in a mid-stage trial. POSTED JUNE 25, 2018 7:56 AM

U.S. District Court rules in favor of Lilly's Alimta patent (Reuters) - Eli Lilly and Co said on Friday a U.S. District Court ruled in favor of its patent on Alimta vitamin regimen and prevented Hospira Inc and India's Dr. Reddy's Laboratories from launching generics until the patent expires. POSTED JUNE 22, 2018 5:05 PM

U.S. medical device firm electroCore IPO price set at $15 per share (This version of the story has been refiled to correct company designation to electroCore Inc from electroCore Llc in first paragraph) POSTED JUNE 22, 2018 6:06 AM

Opioid reclassification linked to increase in illegal online sales (Reuters Health) - Online black-market sales of opioid painkillers more than doubled in the United States during the two years after these drugs were "rescheduled," putting tighter restrictions on legal prescriptions and sales, according to a recent study. POSTED JUNE 22, 2018 5:10 PM

Parents often lack amusement-park safety plans (Reuters Health) - One in five parents don't talk to their kids about safety issues at amusement parks, especially what to do if they get lost, according to a poll by the C.S. Mott Children's Hospital in Ann Arbor, Michigan. POSTED JUNE 22, 2018 8:32 PM

News – Insurance Journal

Florida Utility Contractor Faces Nearly $19K in Fines for Safety Hazards South Florida utility contractor Douglas N. Higgins is facing $18,659 in proposed penalties after the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) cited the contractor for exposing employees to cave-in and other hazards at a Naples, Fla., … POSTED JUNE 25, 2018 1:29 PM

States’ Adjuster Licensing Requirements Come Under Scrutiny It’s time for reciprocity across states in insurance adjuster licensing, according to a new report. The study by the Pacific Research Institute into state licensing requirements,“Breaking Down Barriers,” found that the average adjuster holds between 10 and 12 different state … POSTED JUNE 25, 2018 1:25 PM

Two Injured in North Carolina Highway Patrol Helicopter Crash Two people were injured when a North Carolina Highway Patrol helicopter crashed shortly after takeoff at a patrol facility in Raleigh. Highway Patrol First Sgt. Mike Baker told reporters the helicopter was about 6 feet in the air when the … POSTED JUNE 25, 2018 1:15 PM

11 Vehicles Damaged in Parking Lot Fire at Amusement Park Authorities say 11 vehicles have been destroyed after a fire in the parking lot of an amusement park. The Flint Hill Fire Department said it took about 30 minutes to put out the fire Friday afternoon in the Carowinds parking … POSTED JUNE 25, 2018 1:12 PM

Canada’s Western Financial Group Acquires Ontario Broker, Axion Insurance Western Financial Group Inc. announced that it has acquired Axion Insurance Services Inc. of Ontario. The acquisition was completed on June 19, 2018 and will add 10 Ontario-based locations and approximately 60 insurance experts to Western’s existing network of insurance … POSTED JUNE 25, 2018 10:37 AM

Modernization, Underwriting Systems & Brexit Top COO Priorities: Lloyd’s Market Assn. Market modernization, underwriting systems upgrades and Brexit preparations are the top three 2018 priorities of Lloyd’s market chief operating officers (COOs), a survey commissioned by the Lloyd’s Market Association revealed. The survey’s research findings include: Within market modernization initiatives, delegated … POSTED JUNE 25, 2018 10:14 AM

Thousands of UK Jobs at Risk over Slow Brexit Negotiations, Business Groups Caution Prime Minister Theresa May faces a new onslaught over her Brexit plans from corporate Britain, after the U.K.’s five main business lobbies urged her to make progress in the negotiations or risk losing jobs and investment. After facing down a … POSTED JUNE 25, 2018 9:58 AM

AXA Belgium Partners with Online Car Repair Platform Fixico AXA, the Paris based insurance & asset management firm, and Fixico, a platform for cosmetic car repairs, after several months of joint testing, have just started to provide AXA’s customers in Belgium with an innovative and fully-digital damage handling proposition, … POSTED JUNE 25, 2018 9:43 AM

Fidelis’ MGA Firestone Rebrands to Oakside Fidelis Insurance announced it has rebranded its managing general agent (MGA), Firestone Surety Ltd., to Oakside Surety Ltd. London-based Oakside is focused on the small and medium-sized enterprises sector of the surety market and is managed through Pine Walk Capital … POSTED JUNE 25, 2018 9:26 AM

Australia’s Scandal-Ridden CBA Overhauls Business, Eyes Sale of Insurance Arm Commonwealth Bank of Australia said it would hive off its wealth management and mortgage broking businesses, and explore whether to divest its general insurance arm, as it narrows its focus down to traditional lending. Australia’s biggest bank also unveiled a … POSTED JUNE 25, 2018 9:10 AM

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