video FOX Business Flash top headlines for October 14
Check out what’s clicking on FoxBusiness.com
The U.S. Food and Drug Administration (FDA) acknowledged this week that there is a nationwide shortage of attention deficit hyperactivity disorder (ADHD) drug Adderall, confirming earlier warnings from manufacturers, pharmacists and patients.
The largest Adderall manufacturer in the U.S., Teva Pharmaceuticals Industries, Ltd., said last month that a labor shortage from earlier in the year caused production disruptions, but the company expected any shortages at the retail level to be worked out in a matter of weeks.
The FDA confirmed this week that there is an Adderall shortage in the U.S. (JB Reed/Bloomberg via Getty Images / Getty Images)
Ticker Security Last Change Change % TEVA TEVA PHARMACEUTICAL INDUSTRIES LTD. 7.95 -0.26 -3.17%
But since then, the shortages have spread to other drug companies that manufacture generic versions of the treatment as desperate patients seek alternatives, and there are signs that the situation could worsen further.
FDA AUTHORIZES BIVALENT COVID BOOSTERS FOR YOUNG CHILDREN
The FDA said in its press release Wednesday that Teva "is experiencing ongoing intermittent manufacturing delays," indicating that the disruptions from earlier in the year have not yet been resolved.
The Food and Drug Administration headquarters in White Oak, Maryland. (REUTERS/Andrew Kelly/File Photo / Reuters)
Last week, an FDA spokesperson told FOX News Digital that the agency was in contact with manufacturers of Adderall-type drugs and monitoring supplies, but stopped short of declaring a shortage.
WALMART, CVS REACH $147.5M OPIOID SETTLEMENT WITH WEST VIRGINIA
Experts say there are several factors contributing to the shortages, including record-high prescriptions for the amphetamine mixed salts following COVID-19 lockdowns, a surge in recreational use of the stimulant and limits put in place by the federal government that prohibit manufacturers from ramping up production when supplies are low.
video COVID pandemic led to skyrocketing increase in prescription drugs among teens
New York Post columnist Karol Markowicz joined ‘Kennedy’ to discuss her recent op-ed about an increase in prescription drugs given to children during the COVID-19 pandemic.
Despite pleas from patients who rely on the medication to focus but are unable to fill their prescriptions, federal regulators appear hesitant to allow drug-makers to ramp up production to meet demand.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
The U.S. Drug Enforcement Administration, which regulates production quotas on controlled substances, told the Wall Street Journal there is no plan to raise manufacturing limits on ADHD medications next year. The agency cited concerns over young adults abusing the drugs.
Read Full Article