Novartis accused of promoting asthma drug for preterm labor despite brain risk [Reuters]
Novartis AG (NVS)
Last novartis ag earnings: 4/28 01:00 am
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Source: Reuters
the drugmaker illegally promoted an asthma drug for treatment of preterm labor despite knowing it was ineffective and could cause abnormal fetal brain development. The lawsuit, filed last week New Tab , opens new tab in Alameda County, California state court, also names the University of California, alleging that a now-deceased professor helped Novartis promote terbutaline for the dangerous off-label use. Report this ad The five plaintiffs include twins born in 1993 and a man born in 2002, along with their mothers. They accuse Novartis and the university of negligence and intentional misrepresentation and are seeking unspecified money damages. Novartis and the university did not respond to requests for comment. Novartis sold terbutaline in the United States as an asthma treatment under the brand name Brethine from 1976 to 2001. In the late 1970s, according to the lawsuit, some doctors began experimenting with using it to stop preterm labor, under the theory its muscle-rela
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NVS
Earnings
- 4/23/24 - Beat
NVS
Sec Filings
- 4/23/24 - Form 6-K
- 2/15/24 - Form S-8
- NVS's page on the SEC website