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News and Reports
MLex Market Insight: How Celgene Uses Safety Concerns to Keep Its $7 Billion Cancer Drug on Top
January 12 Leah Nylen Pam Holt, a retired teacher in Grainger, Indiana, was diagnosed with cancer in 2014. At the time, her treatment — with a derivative of the once-banned sedative thalidomide — cost $588 a month. In the past few months, her share of the bill has risen to $640 a month. “I do […]
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New York Times: Humira’s Best-Selling Drug Formula: Start at a High Price. Go Higher.
January 6 Danny Hakim Humira is the best-selling prescription drug in the world. You may have seen the commercials. Because of Humira, a woman with rheumatoid arthritis can wash her puppy in the bathtub, another with colitis can stroll happily through a fair packed with food vendors, while a third suffering from psoriasis can go […]
News and Reports
January 1 JC Reindl We are still losing the battle to contain fast-rising drug prices in Michigan and across the country, but increased scrutiny of pricey pharmaceuticals led to some minor victories in 2017 for more affordable health care, according to several of Michigan’s larger insurers. Prices for many popular branded drugs that made big […]
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STAT: Trump proposal to lower drug prices targets insurer, PBM rebates
November 17 Erin Mershon The Trump administration is exploring policy changes that could eventually lower the prices Medicare beneficiaries pay at the pharmacy counter. Although it’s only a small, initial step in that direction, it’s one of the first signals of how the Trump administration is trying to deliver on the president’s promises to lower […]
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STAT: Allergan invokes the victim defense to protect a brand-name drug from a generic challenge
November 3 David Mitchell Allergan, a multibillion-dollar drug corporation, is attempting to perpetrate a fraud on the American people that would make Bernie Madoff blush — even as it casts itself as a victim. Allergan makes several products, including Restasis, a very expensive brand-name drug that people with dry eye and related conditions take to […]
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KelloggInsight: Prescription Drug Coupons Actually Increase Healthcare Spending by Billions
October 3 Based on the research of Leemore Dafny, Christopher Ody and Matt Schmitt Last year, the pharmaceutical company Mylan faced public outcry when it raised the price of the lifesaving allergy medication EpiPen to $609 a box. In response to the furor, Mylan pointed out it offers copay coupons that can reduce consumers’ out-of-pocket […]
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KHN: Everyone Says We Must Control Exorbitant Drug Prices. So, Why Don’t We?
September 25 Jay Hancock Of all the promises President Donald Trump made for the early part of his term, controlling stinging drug prices might have seemed the easiest to achieve. An angry public overwhelmingly wants change in an easily vilified industry. Big pharma’s recent publicity nightmare included thousand-percent price increases and a smirking CEO who […]
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Patients For Affordable Drugs Calls on PhRMA to Disavow Allergan’s Latest Legal Maneuvers
Patients For Affordable Drugs sent the following letter on Wednesday, September 13, to PhRMA President and CEO Stephen J. Ubl. Dear Mr. Ubl, Your website states: “Our mission is to conduct effective advocacy for public policies that encourage the discovery of important, new medicines for patients by biopharmaceutical research companies.” Your mission does not include […]