• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Editor's Pick More than 200 drugmakers led by Pfizer blast Texas judge’s abortion pill decision
Editor's Pick

More than 200 drugmakers led by Pfizer blast Texas judge’s abortion pill decision

by April 11, 2023
by April 11, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

More than 200 biopharma groups, which include a number of drugmakers led by Pfizer, have signed an open letter blasting the decision by Texas federal Judge Matthew Kacsmaryk to issue a hold on federal approval of mifepristone, the most commonly used method of abortion in the U.S.

The letter criticized Kacsmaryk for having issued the ruling despite having ‘no scientific training’ and said his decision has ‘undermined the bipartisan authority granted by Congress to the Food and Drug Administration to approve and regulate safe, effective medicines for every American.’

‘The decision ignores decades of scientific evidence and legal precedent,’ the drugmakers wrote. ‘Judge Kacsmaryk’s act of judicial interference has set a precedent for diminishing FDA’s authority over drug approvals, and in so doing, creates uncertainty for the entire biopharma industry.’

In addition to Pfizer CEO Albert Bourla, the letter was signed by representatives for Merck and Biogen, as well as industry nonprofit groups like the Center for Medicine in the Public Interest.  

In his ruling last week, Kacsmaryk sided with an anti-abortion group that had challenged the FDA’s decades-old approval of the drug.

‘The Court does not second-guess FDA’s decision-making lightly,’ Kacsmaryk wrote in his decision. ‘But here, FDA acquiesced on its legitimate safety concerns — in violation of its statutory duty — based on plainly unsound reasoning and studies that did not support its conclusions.’

The case is likely to make its way to the Supreme Court.

Separately, the primary lobbying arm of the pharmaceutical industry, PhRMA, issued a statement Monday saying Kacsmaryk’s ruling undermines the regulatory process.

‘The FDA is the gold standard for determining whether a medicine is safe and effective for people to use,’ the organization said. ‘While PhRMA and our members are not a party to this litigation, our focus is on ensuring a policy environment that supports the agency’s ability to regulate and provides access to FDA-approved medicines.’

This post appeared first on NBC NEWS
You Might Also Like
  • Biden preparing to block U.S. Steel sale to Japanese company
  • Six months after ‘zero Covid,’ U.S. firms in China still face ‘uncertainty on top of uncertainty’
  • Mortgage demand grows, driven by sales of new homes
  • Biden blocks Japan’s Nippon Steel from $15 billion takeover of U.S. Steel
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Senate Democrats demand Chief Justice Roberts open investigation into Clarence Thomas over ‘misconduct’
next post
FBI warns against using public phone charging stations

You may also like

Buffett denies rumors after Trump shares wild claim that investor...

April 5, 2025

The first Fed interest rate cut in years is on...

July 30, 2024

Würth Elektronik partners with Crypto Quantique for IoT Security

February 13, 2023

Bad economic news has been good for stocks, but that...

June 6, 2024

SEC issues summons for Gautam Adani, nephew on bribery allegations

November 25, 2024

T-Mobile sued after employee stole nude images from customer phone...

November 19, 2023

Treasury Secretary Yellen announces $100M affordable housing fund as shelter...

June 26, 2024

ESPN, Fox and Warner Bros. Discovery to launch joint sports...

February 7, 2024

Baby boomers and their cash are driving the housing market...

July 9, 2023

Walmart hasn’t made changes to LGBTQ-themed merchandise in wake of...

June 3, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past This Level Crucial For Resumption Of Upmove

      May 31, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025
    • U.S. foreign tax bill sends jitters across Wall Street

      May 30, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,766 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,472 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,451 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,432 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,309 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,582)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past...

      May 31, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right...

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,582)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    UPS workers vote to authorize strike...

    June 21, 2023

    Torch Introduces Low-Cost Comprehensive IoT and...

    March 15, 2023

    Microsoft confirms performance-based job cuts across...

    January 10, 2025
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here