Corvus Insurance, a two-year-old, Boston-based insurance company that uses data across more than 50 criteria to predict and prevent losses for its corporate customers in the food and pharmaceutical industries, has attracted $10 million in funding from .406 Ventures and Hudson Structured, with participation from Bain Capital Ventures. The company had previously raised $4 million… Continue reading InsurTech Corvus Raises $10 Million in Additional Funding
Tag: biotech insurance
New Jersey Sues Pharmaceutical Company Amid Spiraling Opioid Crisis
New Jersey officials, taking on one of the state’s core industries, filed a lawsuit on Tuesday against a subsidiary of Johnson & Johnson that manufactures opioids, accusing the pharmaceutical company of misleading patients about the addictive dangers posed by its drugs. It was the first time that New Jersey has brought legal action against a… Continue reading New Jersey Sues Pharmaceutical Company Amid Spiraling Opioid Crisis
Opioid Makers Ask Counties for Proof of Harm
Purdue Pharma LP has a request for counties suing the drug manufacturer for allegedly causing the opioid epidemic: show us how we are to blame. As the number of opioid lawsuits against Purdue and other drug manufacturers reaches 1,500 and counting, the companies are pushing their adversaries to offer specific details to back up their… Continue reading Opioid Makers Ask Counties for Proof of Harm
U.S. to Propose TV Ads for Drugs Must Include List Prices
The U.S. government, in an effort to increase pressure on drugmakers to lower costs for U.S. consumers, said on Monday it will propose requiring companies to include the price of their prescription medicines in television ads. Health and Human Services (HHS) Secretary Alex Azar, in announcing the plan, dismissed suggestions by major U.S. drug companies… Continue reading U.S. to Propose TV Ads for Drugs Must Include List Prices