Opana ER pulled from market amid abuse concerns
Endo International will voluntarily stop selling Opana ER after FDA concerns that the opioid is too risky due to abuse patterns including crushing snorting and injecting. The move follows an FDA review and advisory vote, with Opana linked to overdose and an HIV hepatitis C outbreak in Indiana. Endo expects patient disruption and will incur a $20 million pre tax charge.
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QVC and HSN merge to form major e commerce player
Liberty Interactive will exchange 53.4 million QVC shares to acquire HSN for about 2.6 billion dollars creating a top three U S online retailer. The combined group aims to boost mobile and video sales and pursue exclusive products while targeting cost savings of up to 250 million dollars annually over 3 to 5 years.
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VW Audi diesel emissions scandal reaches former executive
Detroit federal charges accuse Giovanni Pamio, 60, an Italian citizen, of leading a diesel defeat device conspiracy tied to Volkswagen Group brands Audi and VW. The case cites a test cheating scheme alleged to span years and involve multiple ex-employees, with sentencing and custody statuses noted.
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