Hints and tips:
...“Is the biosimilar market a failure with respect to these pharmacy benefit drugs like Humira?...
...These would provide its drug at a discount of either 55 per cent or 5 per cent compared with Humira’s current list price, which is $6,922.62 for a four-week course....
...Last week the pharmacy chain Walgreens said it was adjusting some of its prices as a result of inflation....
...Shares in GoodRx, a California-based company that offers discount partnerships with 75,000 US pharmacies, tumbled 20 per cent....
...delivery service on Tuesday, offering big discounts for prescription medicine in the US....
...Boots has suffered after the UK’s National Health Service cut the amount it reimburses for prescriptions, when its retail business was already under pressure from cheaper rivals including supermarkets, discount...
...Rebates and other discounts hit a record $166bn in 2018, according to the Drug Channels Institute....
...CVS Caremark and other PBMs have touted their ability to secure discounts from drugmakers, as proven by the case of generic Tamiflu: pharmacies can acquire the drug for 64 per cent lower than list price....
...Boots’ beauty business has been under attack from traditional rivals — supermarkets, discount stores and direct competitors such as Superdrug, which is backed by Li Ka-shing’s AS Watson retail business....
...Pharmacy benefit managers, known as PBMs, bridge the gap between drugmakers and insurers, deciding which drugs will be covered by insurance plans and negotiating rebates and discounts....
...Mr Gonzalez said AbbVie supported the rebate reform proposal of President Donald Trump’s administration, which would allow patients to get discounts at the pharmacy, rather than distributing them throughout...
...The price cut follows a similarly dramatic discount by Amgen of its anti-cholesterol drug Repatha in October. Praluent now has the same list price as Repatha....
...Pfizer said on Friday it expected the price increases on the 41 products, representing 10 per cent of its portfolio, would be offset by higher rebates and discounts paid to insurers and pharmacies that would...
...Many are likely to point the finger at pharmacy benefit managers, the companies that administer drug programmes for insurers....
...Some bond tenors were offered with steeper-than-normal price discounts, which investors said was to compensate for the risk that regulators may block the deal....
...Mr Azar favours a plan that would squeeze companies known as pharmacy benefit managers....
...But it has been losing market share to the rapidly growing German discount chains Aldi and Lidl....
...Sanofi said it would lower the net price of Praluent for a significant proportion of patients covered by Express Scripts, the largest standalone pharmacy benefits manager (PBM) in the US....
...If enacted, such a policy threatens to plunge the industry into a protracted period of uncertainty and to scramble the business models of pharmacy benefits managers such as Express Scripts, CVS’s Caremark...
...Although 950,000 employees might sound like a lot, it is a fraction compared to the number of “lives” that are managed by the large PBMs, which assemble big groups of clients and use their clout to extract discounts...
...“We don’t want to buy a discount seat on the Titanic.”...
...Dozens of aisles of snacks, fresh produce and meats sit alongside a hair salon, tyre repair centre and a pharmacy. The nearby Aldi has only five aisles....
...Discount chain Target fell 5.1 per cent to $52.61, wholesale warehouse Costco dropped 7.2 per cent to $167.11, and pharmacies Walgreens and CVS Health Corp declined 5 per cent to $78.44 and 3.8 per cent...
...But some physicians think insurers and pharmacy benefit managers — often referred to as “payers” — could demand steep discounts, or require doctors and patients to jump through several hoops before agreeing...
...But the negotiated price for either drug is certain to be much lower as both companies offer big discounts to health insurers and pharmacy benefit managers to bolster their market share....
International Edition