Senate Committee Hears How Drug Shortages Impact

New Post Public Reply Private Reply Replies (0) Message Board
NetworkNewsWire
311
Senate Committee Hears How Drug Shortages Impact Patients

A Senate Committee meeting has revealed that experts are worried about the impact of critical drug shortages on the American public. Anderson Cancer Center’s Lymphoma Clinical Research program director Dr. Jason Westin recently testified before the U.S. Senate Committee on Finance and told committee members that the United States is facing a shortage of generic cancer drugs.

Westin said generic cancer drugs have been instrumental in saving the lives of many cancer patients, but the country is currently facing a shortage of these critical drugs. He told committee members the shortage is putting him and his patients in an terrible position as generic and affordable cancer drugs such as fludarabine are often the difference between life and death for many patients.

Although the U.S. isn’t the only country that faces drug shortages, studies show that the country’s decades-long shortage of drugs is a uniquely American problem. Consequently, the U.S. Senate Committee on Finance has been investigating the probable causes and solutions to the increasingly dire issue.

Many senators noted that they had received testimonies from constituents who had patients or were sick themselves but simply couldn’t find the generic medication they needed. According to Senator Marsha Blackburn, a Vanderbilt, Nashville, medical center has been forced to set aside more than 100 employees to mitigate and manage the supply chain disruptions caused by medication shortages. The Tennessee Republican said that shortages are becoming “all too common” with medical providers in the state.

Idaho Senator Mike Crapo estimated that most of the nearly 200 medication shortages involve generic medications that have been around for decades rather than novel drugs. Since generics typically account for 9 out of every 10 subscriptions in the U.S., these shortages significantly impact millions of American patients. Crapo noted that the shortages can “inflict drastic harm” on huge chunks of the population with at least 500,000 consumers having to secure alternative treatments or go without treatment in the near-term.

Cancer patients have been especially affected by the shortages as many of the generic drugs that are currently in short supply treat cancer. The U.S. Food and Drug Administration states that fludarabine, a generic drug used in immunotherapy, is currently in short supply and has faced supply issues for the past few years. These shortages can be particularly harmful for cancer patients suffering from blood cancers because they simply don’t have the time to wait for the supply chain to bounce back.

Additionally, patients who receive immunotherapies such as CAR T-cell therapy often have a very narrow window where the treatment is most effective, meaning shortages for medications that have no alternatives, such as fludarabine, can cost lives.

Companies that focus on making generic drugs, such as SOHM Inc. (OTC: SHMN), help to avail affordable drugs and thereby alleviate some of the would-be shortages that are being experienced around the world.

NOTE TO INVESTORS: The latest news and updates relating to SOHM Inc. (OTC: SHMN) are available in the company’s newsroom at https://ibn.fm/SHMN

Please see full terms of use and disclaimers on the BioMedWire website applicable to all content provided by BMW, wherever published or re-published: http://BMW.fm/Disclaimer

SOHM Inc. (SHMN) Stock Research Links

SHMN Board Company Profile Buy Rating Time & Sales News Filings Financials
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Class Action Looms Over Tenax Therapeutics Investors

Updated Category News Views 25

Shareholders in the Crosshairs Every once in a while, the market serves up a cold dish of reality, and folks owning Tenax Therapeutics (NASDAQ:TENX) are facing just that. A class action is casting a long shadow, targeting those who bought in between November 13, 2023, and August 7, 2026. It's the kind of headache that no investor wakes up hoping for. The Allegations: When...

Continue Reading
InsCorp's Steady Q3 Climb Mirrors Strategic Focus

Updated Category News Views 46

Riding the Revenue Wave Now we're talking about a bank knowing their business—InsCorp, Inc. recently flaunted a 12% year-on-year revenue bump for 3Q26, a testament to a strategy that's clearly sticking. Still, while those numbers are nice and shiny, the detailed breakdown shows earnings per share (EPS) barely budged from last quarter, coming in at $0.73, just a hair...

Continue Reading
Jewelry Repair and Resizing Demystified by Expert

Updated Category News Views 135

The Magic of Fixing Sparkles When it comes to keeping those sparkly trinkets as charming as ever, nothing beats a well-timed fix-up. Jewelry repair isn’t just about patching up old necklaces or battered rings; it’s an art of bringing worn-out pieces back to life. I’m talking about the sort of work that Mike Littlejohn at Carbaugh Jewelers breaks down in a recent...

Continue Reading
AbbVie's Q3 2026: Strong Performance and Bold Moves

Updated Category News Views 28

A Deep Dive into AbbVie's Q3 2026 Numbers Bruised and battered from the ebbs and flows of the market, AbbVie (NYSE:ABBV) decided to show up in swagger mode for the third quarter of 2026. They doubled their diluted EPS year over year with a GAAP figure hitting $2.37, backed by an adjusted EPS of $3.82. You're seeing the fruits of savvy expansions and a portfolio that seems...

Continue Reading
TDS and Array Set for Q3 Results Amid Market Curiosity

Updated Category News Views 72

The Anticipation Builds for TDS and Array's Q3 Results Financial markets are buzzing like a caffeine-fueled trading floor about the upcoming third quarter results from Telephone and Data Systems, Inc. (NYSE: TDS) and its partner in digital endeavors, Array Digital Infrastructure, Inc. (NYSE: AD). Set to go live with their numbers on November 6, 2026, these companies are...

Continue Reading
Ensign Lawsuit Deadline Looms: Investors, Wake Up!

Updated Category News Views 27

A Storm Brewing in Healthcare Here's what will make any half-savvy investor's pulse quicken: The Ensign Group, Inc. (NasdaqGS: ENSG) is in hot legal water, and there's a hefty class action floating around with some serious allegations. ClaimsFiler's got the word out, marking December 7, 2026, as the cut-off date for investors wanting to be part of this securities class...

Continue Reading
Holiday Shoppers Eye Payment Options Amid Tight Budgets

Updated Category News Views 48

Shoppers Feel the Squeeze As Holidays Approach Hope you brought your umbrella because the holiday season is going to be awash with financial strain and stress for many consumers. According to the latest ETA-TSG Consumer Holiday Spending Study, 44% of consumers are more financially stressed this year compared to last, and the numbers aren't getting any rosier from there....

Continue Reading
ACR Poker's $650K Mystery PKO Tournaments Heat Up

Updated Category News Views 81

Final Countdown for ACR Poker’s Halloween Bash When it comes to poker, there might not be a better mix of tension and thrill than a big bounty tournament, and ACR Poker’s $650K Halloween Special Mystery PKOs are right in the thick of it. We’re down to the wire with just the final starting flights left, and the action’s ready to blow the lid off come November 1....

Continue Reading
BingX's AI Enjoys Roaring Adoption in Trading

Updated Category News Views 70

Traders and their AI tools—sounds like a match made in market heaven, right? That's the buzz coming out of BingX, the multi-asset trading platform that's been shaking things up in the fintech realm. These days, it seems like everyone's hitching a ride on the AI train. Explosive Growth in AI Utilization Now, let's talk numbers, and boy, are these numbers juicy. Daily...

Continue Reading
Gooru AI Unveils Platform to Scale Human Expertise

Updated Category News Views 88

A New Wave of AI-Powered Solutions Hot off the press, Gooru AI's recent shindig in the heart of Dallas aimed to showcase something they call 'Digital Goorus.' Now that might sound like a newage tech gimmick but peel back the layers and you find an ambitious attempt to let folks spread their smarts without having to be everywhere all at once. Imagine being able to crack...

Continue Reading

Top 5 Most Recently Viewed Articles

Key Insights from Marriott Vacations' Latest Earnings Announcement

Updated Category News Views 260

Marriott Vacations Worldwide Corporation to Release Fourth Quarter Earnings Marriott Vacations Worldwide Corporation (NYSE: VAC) is set to announce its financial results for the fourth quarter. This key announcement will happen after the market closes on a Wednesday. Following this, a conference call will take place on Thursday at 8:30 a.m. ET, allowing participants to...

Continue Reading
Sequana Medical's 2024 Results: Promising Prospects Ahead

Updated Category News Views 158

Sequana Medical Reports Encouraging Financial Results for 2024 Ghent, Belgium – Sequana Medical NV (Euronext Brussels: SEQUA) has announced its financial results for the year 2024, revealing significant advancements in its innovative treatments for patients suffering from fluid overload conditions associated with liver disease and heart failure. As a pioneer in...

Continue Reading
Communication Skills Gap Identified in Treasury Operations

Updated Category News Views 246

Exploring the Communication Skills Gap in Treasury Results from the recent Treasury Benchmarking Survey reveal that treasury professionals, including leaders, managers, and staff, have ample opportunities to enhance their communication skills. This finding underlines the necessity for improved communication capabilities within treasury functions. Importance of...

Continue Reading
Understanding Current Market Sentiment for Riot Platforms

Updated Category News Views 150

Current Market Sentiment for Riot Platforms Recently, the short percent of float for Riot Platforms (NYSE: RIOT) has seen a notable increase of 3.27%. This change is significant, as it reflects the current trading landscape surrounding the company. As of the last report, the total number of shares sold short stood at 50.31 million, representing 16.75% of all regular...

Continue Reading
HUB Cyber Security Enhances Financial Flexibility with New Moves

Updated Category News Views 110

HUB Cyber Security's Strategic Update on Share Registrations and Financing Based in Israel, HUB Cyber Security Ltd. (NASDAQ: HUBC) stands prominently within the realm of cybersecurity and advanced data fabric solutions. They have recently shared updates relevant to their share registrations and the financial maneuvers that are shaping their future. Understanding these...

Continue Reading