Fauci had previously called preliminary results from Johnson & Johnson's Phase III trial "really encouraging."
Johnson & Johnson say their vaccine is 66 percent effective overall in preventing moderate to severe COVID-19.
The agency said data collected from the vaccination rollout in Europe is consistent with the known safety profile of the vaccine and no new side effects have been identified.
To date, the Food and Drug Administration has authorized two monoclonal antibody therapies for emergency use in the treatment of COVID-19.
Over the summer, the Department of Health and Human Services issued a rule allowing health insurers to implement "accumulator adjustment programs," which allow insurers to effectively double charge customers for drugs.
Regeneron Pharmaceuticals, the creator of the antibody cocktail given to President Trump as part of his COVID-19 treatment, says the company also reached out to former Vice President Joe Biden to offer him the treatment as well.
Rep. Rashida Tlaib (D-Mich.) accused the CEO of drug company Teva of pretending to "look like you give a shit about sick people" while making ever-increasing profits during House testimony on Wednesday.
The pharmaceutical industry has criticized President Donald Trump's new executive order aimed at lowering drug prices.
Pharmaceutical giant Sinophram has priced their vaccine candidate at $145, the most expensive vaccine quote yet.
President Donald Trump is expected to sign an executive order while visiting Ohio, that would require the federal government to purchase certain drugs from American manufacturers. More than 70 percent of drug ingredients supplied to the U.S. are from oversea companies.
There is growing bipartisan agreement that we need to bring pharmaceutical production back home. But one enormous hurdle remains.
"We cannot outsource our independence," Trump said Monday. "We cannot be reliant on foreign nations."
In his weekly round-up of business and economic news, Newsweek editorial director Hank Gilman gives the lowdown on AOC vs. Cramer, pharma shortages and the future of shopping
"The pace of the scientific research has been really at a breathtaking speed," says Angela Rasmussan, a virologist and research scientist at Columbia University. "It's unprecedented."
Researchers have compared the profit margins of America's drug companies, finding they are comparable with technology companies and higher than most industries.
"The vast costs associated with health care represent one of the most important and contentious issues facing Americans today," said researcher Joseph Dieleman.
Illinois Governor J.B. Pritzker signed a bill into law Friday which limits out of pocket insulin costs to $100 for a 30-day supply.
Major U.S. pharmaceutical companies are set to increase the prices of some of their most popular prescription drugs, including the breast cancer medication Ibrance.
Following major recalls of Chinese-manufactured medication that contained carcinogenic ingredients, lawmakers expressed their alarm, and sometimes disbelief, at the FDA's inability to regulate foreign suppliers at a Tuesday hearing.
The drug company is pulling batches of the drug distributed between July and August 2019.
The indictment charges claim that name-brand drugs intended to treat conditions for cancer, HIV and mental illness were obtained through an underground market, fraud, burglary and cargo theft for resale purposes.
The study, published in JAMA, is based on government reports, articles and peer-reviewed publications related to costs and savings estimates in six categories of waste, released between 2012 and 2019.
China and our other economic competitors would love to see us undermine our own domestic biopharmaceutical sector to their benefit.
"If we #BoycottCVS, we are also saving a rainforest. So, two birds," Handler tweeted.
Scientists also found ketamine and a banned pesticides in shrimp.
Prescrypto provides a blockchain-based infrastructure to collect prescribing information, route that information securely to pharmacies, and provide a history of medications used by each patient.