In the general news, The United States DOJ indicted senior soccer FIFA officials on bribery and money laundering charges and arrested them in Switzerland. Cuba was removed from the list of states that sponsor terrorism. Texas and Oklahoma were hit with record rainfall and massive flooding.
In healthcare business news, Teva (TEVA) agreed to pay $1.2 Billion to settle allegations that it illegally prevented generic competition to Provigil. Also, AstraZeneca (AZN) cancelled the program for psoriasis drug brodalumab.
On the data front, ASCO drug data made the news. The abstracts were previously released.
From the FDA, Valeant’s (VRX) newly acquired Salix division won approval to treat IBS with Xifaxan. In other regulatory news, the FBI is investigating JNJ for continued sales of the deadly cancer-spreading fibroid morcelator device. Also, new federal guidelines from the CDC recommend starting HIV therapy as soon as someone is diagnosed.