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Bundesbank president warns of ECB dependency

Posted: Published on May 9th, 2012

LONDON (ShareCast) - Bundesbank president Jens Weidmann has insisted that the European Central Bank (ECB) cannot possibly resolve all of Europe (Chicago Options: ^REURUSD - news) 's problems and warned that inappropriate action could risk over-dependence on temporary measures. "Contrary to widespread belief, monetary policy is not a panacea and central banks' firepower is not unlimited", writes Weidmann in an opinion piece published on Tuesday morning (NasdaqGS: TUES - news) in the Financial Times. The German central bank president stressed the need to protect the ECB's independence and not to forget that the extraordinary measures being taken now are a response to an exceptional crisis. "We have to make sure that by putting out the fire now, we are not unwittingly preparing the ground for the next one," he commented, while warning that the current accommodative policy stance is a drug with side effects that become "all the more severe the longer the drug is administered." In particular, Weidmann warned that if banks become overly dependent on ECB funding then this runs the danger of encouraging more aggressive risk-taking by banks instead of prompting them to restructure their business model. Similarly, intervention in sovereign bond markets runs the risk of … Continue reading

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Student drug tests could be delayed

Posted: Published on May 9th, 2012

WESTBORO School Committee members tonight will consider putting a temporary hold on the student drug testing they approved at their last meeting. The policy has drawn criticism from some civil liberties advocates. The drug test, approved April 25, would be in addition to a breath test currently in the school districts chemical health policy. Although it would not be in place until at least the fall, Superintendent Marianne OConnor said the committee now plans to slow the process down to make sure it has the correct language. The superintendent wants public input on the policy. Under the policy that was approved, students would not be forced to take a drug test. Similarly, students have not been forced to take alcohol breath tests. There is no random testing in Westboro Public Schools. This is just an opportunity for us to not be subjective, Ms. OConnor said. If we have any concern about a student it is going to be used solely with the permission of the student. She said if an administrator has reasonable suspicion that a student may be under the influence of drugs or alcohol, the student would be asked if he would agree to a saliva test, with … Continue reading

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New cost rules may prevent patients accessing drugs

Posted: Published on May 9th, 2012

The Irish Times - Tuesday, May 8, 2012 FIONA GARTLAND NEW DRUGS for the treatment of a range of illnesses are likely to become more difficult to obtain after the threshold used to measure their cost effectiveness was halved. The National Centre for Pharmacoeconomics is charged with assessing drugs coming to the market for cost effectiveness and making recommendations to the Health Service Executive. Up until recently, the centre judged drugs as good value for money if they cost 45,000 or less for every quality-adjusted life year year of good health delivered to a patient. This figure has now been cut to 20,000 after discussion with the executive, which has been seeking to reduce costs. Controversial cancer drug Ipilimumab, used to treat malignant melanoma, was released for use last week following a public campaign by patients. It had been costed at 85,000 per patient. This amounted to almost 150,000 per life year, which the centre for pharmacoeconomics said did not represent good value for money. It recommended the drug should not be released to market at that price. Following negotiation with drugs company Bristol-Myers Squibb, the price of the drug has been reduced. Dr Michael Barry, clinical director of the … Continue reading

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Life-saving cancer drugs for children stuck in Congress legislative limbo

Posted: Published on May 9th, 2012

(CBS News) There's been a nationwide shortage in life-saving cancer drugs for children. The Food and Drug Administration (FDA) tells CBS News that 14 drugs are in short supply. Fifteen months ago today, Republicans and Democrats introduced bills to solve to problem. The Preserving Access to Life-saving Medications Act would require drug companies to notify the FDA if a shortage is coming. Both parties and the President support the bills, yet they haven't passed. 28 cancer medications in dangerously short supply CBS News medical correspondent Dr. Jon LaPook found out more about the shortage and then traveled to a place he'd never worked before -- the U.S. capitol. Ten-month-old Elena Schoneveld is running out of life-saving medications that can treat and cure her cancer. A good day may not look great when you're ten months old and fighting leukemia like Elena Schoneveld. But 80 percent of children with her kind of cancer can be cured with the right medications. Two months ago, her dad Mark Schoneveld was told her chemotherapy drug, methotrexate, was running out. "You just pray that stuff is handled by the professionals, and people do their jobs and get it done," he said to CBS News. But, … Continue reading

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Anti-drugs group in RAAD warning

Posted: Published on May 9th, 2012

8 May 2012 Last updated at 03:48 ET An anti-drugs group has urged parents of young people who take drugs not to send them to be shot in Londonderry. The vigilante group, Republican Action Against Drugs, has shot several young men from Derry in this way. But Opportunity Youth, which helps young people deal with addictions, said it was no solution to the problem. Chief executive, Anne-Marie McClure, said professional help and not so-called punishment attacks was the answer to drugs misuse. "Interventions such as group work, counselling and family support will ultimately make a difference to the lives of young people, not the barrel of a gun or other barbaric practices," she said. "Parents should not be put in a position where they are taking their children to be shot by appointment. "They should be taking their young people for appointments at services such as Opportunity Youth's DAISY (Drug and Alcohol Intervention Service for Youth) project. "Our DAISY service offers bespoke programmes which address not only the core needs of young people affected by drugs and alcohol misuse but specific family-focussed support and help." See more here: Anti-drugs group in RAAD warning … Continue reading

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Kids' cancer drugs stuck in legislative limbo

Posted: Published on May 9th, 2012

(CBS News) There's been a nationwide shortage in life-saving cancer drugs for children. The Food and Drug Administration (FDA) tells CBS News that 14 drugs are in short supply. Fifteen months ago today, Republicans and Democrats introduced bills to solve to problem. The Preserving Access to Life-saving Medications Act would require drug companies to notify the FDA if a shortage is coming. Both parties and the President support the bills, yet they haven't passed. 28 cancer medications in dangerously short supply CBS News medical correspondent Dr. Jon LaPook found out more about the shortage and then traveled to a place he'd never worked before -- the U.S. capitol. Ten-month-old Elena Schoneveld is running out of life-saving medications that can treat and cure her cancer. A good day may not look great when you're ten months old and fighting leukemia like Elena Schoneveld. But 80 percent of children with her kind of cancer can be cured with the right medications. Two months ago, her dad Mark Schoneveld was told her chemotherapy drug, methotrexate, was running out. "You just pray that stuff is handled by the professionals, and people do their jobs and get it done," he said to CBS News. But, … Continue reading

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Weight-Gaining Drugs

Posted: Published on May 9th, 2012

Pharmaceuticals and fat About 70 percent of people in the United States are overweight and, in a cruel catch-22, many of the drugs used to treat obesity-linked conditions such as diabetes, high blood pressure, and depression can themselves cause weight gain. "Patients and doctors need to be more aware of thisit's an under-recognized driver of our obesity problem," says Lawrence Cheskin, MD, director of the Johns Hopkins Weight Management Center, in Baltimore. Here are 13 drugs that could cause you to gain weight. But don't stop taking your (possibly life-saving) medicine! There are strategies for keeping off the pounds. Paxil (paroxetine) Selective serotonin reuptake inhibitors (SSRIs) generally don't cause weight gain because the antidepressants boost serotonin, which helps you feel full. Paxil is an exception. Paxil is one of the best anxiety treatments, but if you gain weight while using it you could talk with a doctor about switching to a more weight-neutral SSRI such as Prozac or Zoloft, says Louis Aronne, MD, director of the Comprehensive Weight Control Program at New York-Presbyterian/Weill Cornell Medical Center, in New York City. (Dr. Aronne is a consultant for the maker of Paxil.) Depakote (valproic acid) Depakote is used to treat bipolar disorder … Continue reading

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Cipla eyes price cuts on more cancer drugs

Posted: Published on May 9th, 2012

By Kaustubh Kulkarni and Tony Munroe MUMBAI (Reuters) - Drugmaker Cipla (CIPL.NS), long a thorn in the side of big pharma, is looking at cutting the prices of more cancer drugs after it slashed the prices of three treatments last week by as much as 75 percent. Y.K. Hamied, chairman and managing director of India's fourth-largest drugmaker by sales, said the unexpected response to the price cuts, including for its generic version of Bayer's (BAYGn.DE) kidney and liver cancer drug Nexavar, prompted Cipla to consider further moves. "Our agents and partners in Africa and other countries have written to us: 'are you extending your price reductions to us?'" Hamied said in an interview. Hamied and Cipla made headlines in 2001 by producing antiretroviral drugs to treat AIDS in Africa for under $1 per day. Hamied said Cipla was working out details of how to cut prices on more of the 23 cancer drugs it makes. "I am now sitting with my boys to see what reductions we can make in the entire range of cancer drugs. We are making some calculations about pricing, costing and other aspects." In March, India stripped Germany's Bayer of its exclusive rights to sell Nexavar, … Continue reading

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Edens RX Announces Discount For Military Personnel

Posted: Published on May 9th, 2012

HILLSBOROUGH, N.C., May 7, 2012 /PRNewswire/ -- Popular online pharmacy Edens RX (www.EdensRX.com) is pleased to announce a special offer for military members and their partners during the month of May. In recognition of Armed Services Day (May 19) and Memorial Day (May 28), and as acknowledgment of all the service men and women returning home, military personnel and veterans can now use the code "MILITARY" at check out to receive $15 off their order. EdensRX.com is known for both its convenience and discretion, offering lifestyle products such as Viagra, Cialis, Levitra, Propecia and more. And now with the added $15 discount, service men and women can try out EdensRX.com at additional savings. "We are proud of the men and women that serve in the armed forces, as well as those who have served over the last many decades," says Jerry Rao, director of marketing for EdensRX.com. "In honor of their service and sacrifice, we want to extend a special offer on any of our lifestyle medications." Read more: Edens RX Announces Discount For Military Personnel … Continue reading

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RxAlly Expands National Network With Addition Of Nineteen Community Pharmacy Organizations Representing Over 2,000 …

Posted: Published on May 9th, 2012

LEESBURG, Va., May 8, 2012 /PRNewswire/ --RxAlly, the first-of-its-kind alliance of more than 22,000 pharmacies nationwide, announced today the expansion of its national network with the addition of nine Independent Pharmacy Organizations and ten Regional Chains. These organizations collectively represent more than 2,000 pharmacies with a footprint spanning from the Northeast through Appalachia and the Midwest out to the Western United States.In just over three months since the company launched, RxAlly has grown its membership by more than 2,000 pharmacies. The newest Independent Pharmacy Organization members of RxAlly are: The newest Regional Chain members of RxAlly are: "The addition of these esteemed independent pharmacy organizations and regional chains to our network makes us that much stronger as a national alliance," said Bruce Roberts, R.Ph, CEO of RxAlly. "The continued expansion of our network is testament to the importance of advancing the role of local pharmacists and improving our health care system." RxAlly is a performance network of aligned pharmacies united to help patients achieve better health through personalized pharmacist care, while reducing costs.The company was developed to provide a new solution to the critical issues of providing additional access to care and ensuring effective health care spending at a time … Continue reading

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