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Shares of the five companies account for more than $1.32 billion combined in the city’s over $270 billion pension fund. of all abortions in the United States, has become the center of controversy following a lawsuit against the drug’s Food and Drug Administration approval.that the plaintiffs in the case had no legal basis to justify bringing the lawsuit, thereby siding in favor of the FDA at least temporarily.
Having been on the market since 2000, mifepristone was deregulated by the FDA following the coronavirus pandemic to allow patients to obtain the pill by telemedicine without having an in-person doctor’s visit.pharmacies to begin dispensing mifepristone, loosening the regulation that previously only allowed clinics or medical offices to dispense the pill.
In March, just weeks before the Supreme Court heard oral arguments in the landmark case against the pill, pharmaceutical giants Walgreens and CVSLander highlighted in his letters to the respective companies that failing to compete with Walgreens and CVS in the abortion pill market could spark investor concerns about their “responsiveness to a growing market opportunity, its mitigation of potential reputational risks, and its commitment to maximizing sales and long-term shareholder value.
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