Pharma Archives - 9xm News

June 5, 2025
International
World

Indian-origin pharma tycoon Tonmoy Sharma arrested in Los Angeles over $149 million healthcare fraud

Indian-origin pharma tycoon Tonmoy Sharma arrested in California. Indian-origin doctor and businessman, the founder and former CEO of the now-defunct Sovereign Health Group, was recently arrested over $149 million medical fraud. The 61-year-old psychiatrist has been charged with four counts of wire fraud, one count of conspiracy and three counts of illegal remunerations for referrals […]

May 13, 2025
International
World

How Donald Trump plans to beat Big Pharma and cut drug costs by 80%: ‘Going to pay the lowest price’

President Donald Trump has signed a sweeping executive order aimed at slashing prescription drug prices in the United States by up to 80%. The order introduces a “most-favoured-nation” (MFN) pricing model, ensuring that Americans pay no more for medications than the lowest price available in comparable developed countries. Trump said the move was necessary to […]