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OxyContin maker Purdue Pharma files for bankruptcy to wipe out 2 000 lawsuits

Sep 16 2019 12:38

Purdue Pharma has filed for bankruptcy with a more than $10bn plan to settle claims that it fuelled the US opioid epidemic by illegally pushing sales of its addictive OxyContin painkiller.


WATCH: OxyContin maker files for bankruptcy

Sep 16 2019 15:00

Purdue Pharma, the company behind OxyContin, filed for bankruptcy protection amid more than 2 600 lawsuits alleging the company helped fuel the deadly US opioid epidemic.


Discovery has already offered its new banking clients R900 million in credit

Sep 04 2019 10:29

Discovery reported a 12% fall in its headline earnings per share for the year to end-June, as it was hit by an unexpected spike in death claims from Discovery Life and the cost of establishing its new Discovery Bank.


Council for Medical Schemes hit by probes, lack of funding, staff shortages

Aug 29 2019 19:07

The Council for Medical Schemes has said probes into fraud and corruption, as well as a constrained budget, are some of the challenges the regulator is facing in the short term.


Aspen reports declining earnings after 'challenging' year

Sep 11 2019 22:15

Pharmaceutical company Aspen's net profit declined 14% as the group disposed of some of its businesses during the period as part of its strategic review to focus on pharmaceuticals.


Cyber criminals hacking remote-controlled medical devices could kill patients, conference hears

Aug 29 2019 05:00

Hackers could potentially kill patients wearing remote-controlled pacemakers or insulin pump devices, warns the executive officer of the SA Medical Technology Industry Association.


Mediclinic says more clarity needed on NHI Bill

Aug 15 2019 19:56

Private hospital group Mediclinic says it supports the government’s plan of providing universal health coverage but has stressed that more clarity in needed regarding the legislation.



UPDATE: Mediclinic merger blocked over higher costs to patients

Aug 07 2019 09:55

The Competition Tribunal prohibited a merger between Mediclinic Southern Africa and Matlosana Medical Health Services in the North West province, because it would result in higher tariffs for the two hospitals that will be acquired, an order from the Tribunal stated.

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