re Galecto hires new Chief Medical Officer By www.pharmafile.com Published On :: Fri, 07 Feb 2020 15:53:08 +0000 Galecto has announced Bertil Lindmark as their new Chief Medical Officer. He began his posting on 1 February 2020. Lindmark joins from the eTheRNA immunotherapies, which is a Belgian mRNA immunotherapy company. He has also had an extensive and successful career in the pharmaceutical industry. read more Full Article AstraZeneca Galecto Research and Development Medical Communications Sales and Marketing Business Services Manufacturing and Production
re Chris Thatcher to step down as President and CEO of Neuronetics By www.pharmafile.com Published On :: Mon, 09 Mar 2020 16:58:03 +0000 Neuronetics, Inc and Chris Thatcher, the President and CEO, have mutually agreed that he will step down from his positions in the company. He will provide transition services and advice to the company until 1 May 2020. read more Full Article Research and Development Medical Communications Sales and Marketing Business Services Manufacturing and Production
re Alligator Bioscience hires Chief Financial Officer in interim capacity By www.pharmafile.com Published On :: Mon, 09 Mar 2020 17:21:44 +0000 Andreas Johannesson has been announced as Alligator Bioscience’s new interim Chief Financial Officer (CFO), replacing ex-CFO Per-Olof Schrewelius who it was previously confirmed will no longer serve the company. Johannesson’s career has spanned 15 years in the consumer goods sector, with him managing the finances of firms including TeamOlmed, Stenqvist, Fitness23Seven and Haldex. He spent a further nine years of his career as a strategic consultant with a focus on consumer goods, five of which were spent at global consulting firm McKinsey & Company. read more Full Article Alligator Bioscience pharma Research and Development Medical Communications Sales and Marketing Business Services Manufacturing and Production
re Genmab announces newly-created Chief Financial Officer appointment By www.pharmafile.com Published On :: Mon, 16 Mar 2020 16:43:46 +0000 Genmab has announced the establishment of the new position of Chief Operating Officer at the company, and has furthermore named Anthony Mancini to the post. In this new role, he will oversee the company’s commercial strategies, including corporate development, business development and information technology functions read more Full Article Genmab pharma Research and Development Medical Communications Sales and Marketing Business Services Manufacturing and Production
re Immunron Chief Executive Officer Gary Jacob resigns amidst coronavirus cost-cutting By www.pharmafile.com Published On :: Fri, 27 Mar 2020 15:51:52 +0000 The Chief Executive Officer of Immuron, Gary S. Jacob, has resigned as CEO and as a member of the Board due to restructering taking place to prepare the company for a post-coronavirus world. In a statement, the company said it was the first move to help the “preservation of capital to allow the company to weather the current trading conditions pending strengthening of the travel market. This will involve radical cost-cutting and deferring certain research and development activities.” read more Full Article Manufacturing and Production
re Steven T Gill returns to Alimera as VP, Thought Leader Engagement By www.pharmafile.com Published On :: Fri, 03 Apr 2020 15:02:44 +0000 Ophthalmology specialist Alimera Sciences has announced that Steven T Gill is to return to the company in the newly created role of Vice President, Thought Leader Engagement. Gill had previously served at Alimera as its Senior Director, Thought Leader Liaison, before leaving the company for Novartis, where he most recently held the position of Associate Director, Thought Leader Liaison at Novartis US. read more Full Article Alimera Sciences Novartis pharma Research and Development Medical Communications Sales and Marketing Business Services Manufacturing and Production
re Dr Maritza McIntyre appointed Chief Development Officer at StrideBio By www.pharmafile.com Published On :: Wed, 08 Apr 2020 16:36:52 +0000 StrideBio have announced the appointment of Maritza McIntyre Ph.D., as its first Chief Development Officer. The newly created role will see Dr McIntyre oversea the translational development of the company’s research-stage gene therapy programs. This includes regulatory filings, initiating early clinical studies and starting Investigational New Drug enabling preclinical studies. read more Full Article Research and Development Medical Communications Sales and Marketing Business Services Manufacturing and Production
re Seres Therapeutics appoints Dr Lisa von Moltke as new Chief Medical Officer By www.pharmafile.com Published On :: Thu, 09 Apr 2020 11:26:42 +0000 Dr Lisa von Moltke has left Aklermes and has joined Seres Therapeutics as its new Chief Medical Officer. Chief Executive Officer at Seres, Eric Shaff, said Seres will benefit from von Moltke’s “extensive experience directing successful development programs, leading clinical teams, and interacting with regulatory agencies across multiple areas of medicine.” read more Full Article Research and Development Medical Communications Sales and Marketing Business Services Manufacturing and Production
re Preparing to Go Back to the Bedside During COVID-19: A Nurse-Turned-Bioethicist Reflects By blog.petrieflom.law.harvard.edu Published On :: Thu, 30 Apr 2020 16:30:23 +0000 This was the first time in a long time that I’ve renewed my nursing license with the thought that I might need it — that I might be needed. The post Preparing to Go Back to the Bedside During COVID-19: A Nurse-Turned-Bioethicist Reflects appeared first on Bill of Health. Full Article Bioethics Emily Largent Featured Patient Care Public Health coronavirus coronavirus pandemic COVID-19 COVID19 emily largent nursing public health temporary practice permit
re The Harms of Abortion Restrictions During the COVID-19 Pandemic By blog.petrieflom.law.harvard.edu Published On :: Fri, 01 May 2020 12:00:51 +0000 These policies restricting abortion are unlikely to conserve PPE, and more importantly, they mischaracterize the nature and importance of abortions. The post The Harms of Abortion Restrictions During the COVID-19 Pandemic appeared first on Bill of Health. Full Article Abortion Beatrice Brown Bioethics Health Law Policy Patient Care Pregnancy Public Health Resource Allocation Student Fellows Abortion Regulation Constitutional Rights Constitutionality coronavirus COVID-19 covid-19 resources Health Law health law policy Health Policy Liberty Personal Protective Equipment PPE public health Self-determination
re Monthly Round-Up of What to Read on Pharma Law and Policy By blog.petrieflom.law.harvard.edu Published On :: Fri, 01 May 2020 16:30:23 +0000 Topics include off-label and compassionate drug use for COVID-19 and utilization and cost of naloxone for patients at high risk of opioid overdose. The post Monthly Round-Up of What to Read on Pharma Law and Policy appeared first on Bill of Health. Full Article Aaron S. Kesselheim Ameet Sarpatwari Charlie Lee Contributors FDA Frazer Tessema Health Law Policy Human Subjects Research Off-Label Use Pharmaceuticals PORTAL Round-Up COVID-19 Naloxone PORTAL
re How States are Protecting Health Care Providers from Legal Liability in the COVID-19 Pandemic By blog.petrieflom.law.harvard.edu Published On :: Tue, 05 May 2020 17:30:58 +0000 Clinicians and policymakers alike are raising the alarm about potential legal liability for following crisis standards of care during the COVID-19 pandemic. The post How States are Protecting Health Care Providers from Legal Liability in the COVID-19 Pandemic appeared first on Bill of Health. Full Article Health Law Policy Liability Patient Care Professional Regulation coronavirus coronavirus pandemic COVID-19 COVID19 crisis standards of care Health Law legal liability Malpractice Medical Malpractice valerie gutmann koch
re When and How to Resume Non-Urgent Care During COVID-19 By blog.petrieflom.law.harvard.edu Published On :: Wed, 06 May 2020 12:00:32 +0000 The question must be: can we accommodate non-emergent/non-urgent care safely or not, and if yes, which care do we address first as we re-open? The post When and How to Resume Non-Urgent Care During COVID-19 appeared first on Bill of Health. Full Article Health Law Policy Patient Care Public Health Resource Allocation coronavirus coronavirus pandemic COVID-19 COVID19 non-urgent care reproductive health
re Access to Drugs Before FDA Approval: Video Explainer with Christopher Robertson By blog.petrieflom.law.harvard.edu Published On :: Thu, 07 May 2020 14:55:20 +0000 In this video explainer, Christopher Robertson discusses the Right to Try Act and off-label use of pharmaceuticals with Alison Bateman-House. The post Access to Drugs Before FDA Approval: Video Explainer with Christopher Robertson appeared first on Bill of Health. Full Article Christopher Robertson FDA Health Law Policy Off-Label Use Pharmaceuticals Public Health alison bateman-house christopher robertson coronavirus coronavirus pandemic COVID-19 COVID19 off-label use Regulation right to try
re Pharma Billionaire Charged With Penny Stock Fraud By www.forbes.com Published On :: Fri, 07 Sep 2018 20:22:00 +0000 Miami’s Phillip Frost, who built a $2.8 billion fortune in the generic drug business, was allegedly involved in a tawdry stock promotion scheme, the Securities and Exchange Commission says. Full Article ticker=NYSE:OPK byline=Matthew Herper
re How To Really Take Medical Conflicts Of Interest Seriously By www.forbes.com Published On :: Mon, 10 Sep 2018 18:29:00 +0000 If we’re going to have a central database of conflict of interest disclosures in medicine – and there is one, created by law – it’s high time that people start using it. Full Article ticker=NYSE:BMY ticker=NYSE:VAR byline=Matthew Herper
re If It Wanted To, The FDA Could Destroy E-Cigarette Makers By www.forbes.com Published On :: Wed, 12 Sep 2018 16:48:00 +0000 Past experience says that when the FDA has the will to use its regulatory power, it can shake whole industries. Companies like Juul should tread extremely carefully. Full Article ticker=NYSE:MO ticker=NYSE:BTI byline=Matthew Herper
re For A New Device To Treat Maternal Bleeding, A Young Entrepreneur’s Big Step Was Passing The Torch By www.forbes.com Published On :: Thu, 20 Sep 2018 13:00:00 +0000 This morning, Alydia Health, a tiny Menlo Park, Calif., startup co-founded by a 21-year-old woman, announced that it has secured $10 million in funding to test a medical device to prevent mothers from bleeding to death after childbirth. Full Article byline=Matthew Herper
re Paralyzed Patients Go From Wheelchairs To Walkers With Experimental Treatment By www.forbes.com Published On :: Mon, 24 Sep 2018 15:02:00 +0000 Two different groups of researchers have shown that electrical stimulation of the spinal cord, combined with months of intense training, can allow some people who have been paralyzed to regain some walking ability. Full Article ticker=NYSE:MDT byline=Matthew Herper
re Bioclinical, VivaLNK unveil remote patient monitoring technology By www.outsourcing-pharma.com Published On :: Thu, 23 Apr 2020 13:21:00 +0100 The solutions enable continuous remote monitoring of body temperature and other vitals, either at home or in care centers, for clinical trials. Full Article Clinical Development
re Butterworth Labs adopts COVID-19 crisis measures By www.outsourcing-pharma.com Published On :: Mon, 27 Apr 2020 16:09:00 +0100 The pharmaceutical analysis firm is continuing its contract analytical laboratory services running, with changes designed to keep people and products safe. Full Article Preclinical Research
re Veeva launches free remote monitoring By www.outsourcing-pharma.com Published On :: Tue, 28 Apr 2020 15:07:00 +0100 The companyâs SiteVault Free tool, designed to enable collaborating between sites and study monitors, now has a remote monitoring feature. Full Article Clinical Development
re CAS open-access dataset to help COVID-19 research By www.outsourcing-pharma.com Published On :: Tue, 28 Apr 2020 15:09:00 +0100 CAS, a division of the American Chemical Society, has released a dataset of chemical compounds with known or potential antiviral capabilities. Full Article Preclinical Research
re Novartis acquires digital therapeutics specialist Amblyotech By www.outsourcing-pharma.com Published On :: Tue, 28 Apr 2020 15:39:00 +0100 The pharmaceutical firm has purchased the company, which specializes in advancing treatments and diagnostics for ocular disorders. Full Article Markets & Regulations
re CDISC launches COVID-19 research standards task force By www.outsourcing-pharma.com Published On :: Thu, 30 Apr 2020 14:57:00 +0100 The group will work to rapidly develop guidance on standardizing COVID-19 research data, with the help of several participating member companies. Full Article Clinical Development
re Research collaboration drives to accelerate COVID-19 solutions By www.outsourcing-pharma.com Published On :: Mon, 04 May 2020 13:56:00 +0100 Led by Medable, the multi-company effort is geared toward ramping up development of treatments, diagnostics and other solutions for the pandemic-causing virus. Full Article Clinical Development
re 3M Drug Delivery Systems relaunches as Kindeva Drug Delivery By www.outsourcing-pharma.com Published On :: Mon, 04 May 2020 14:32:00 +0100 The launch of the renamed, newly independent company follows its acquisition by Altaris Capital Partners. Full Article Drug Delivery
re ERT launches patient-administered ECG assessment By www.outsourcing-pharma.com Published On :: Mon, 04 May 2020 15:48:00 +0100 The technology enables sponsors to continue gathering cardiac data for clinical trials without interruption or risk to patient safety. Full Article Clinical Development
re Berg, Boehringer Ingelheim partner on inflammatory disease research By www.outsourcing-pharma.com Published On :: Wed, 06 May 2020 13:37:00 +0100 The research collaboration will seek to identify candidate biomarkers for a group of inflammatory conditions, using AI and other advanced technology. Full Article Clinical Development
re ThoughtSphere lands patent for clinical trial data technology By www.outsourcing-pharma.com Published On :: Thu, 07 May 2020 14:23:00 +0100 The data management solution is designed to help sponsors and CROs manage data more effectively, increasing cost efficiency and effectiveness. Full Article Clinical Development
re NEW: The 2020 Economic Report on U.S. Pharmacies and Pharmacy Benefit Managers By feeds.feedblitz.com Published On :: Tue, 10 Mar 2020 11:30:00 +0000 I am pleased to announce our new 2020 Economic Report on U.S. Pharmacies and Pharmacy Benefit Managers, available for purchase and immediate download.Click here to download a free report overview (including the Table of Contents and a List of Exhibits)Pharmacy Industry Revenues Hit Record High—Amid Profit Pressures and Amazon Threat, Says New Drug Channels Institute Study (press release)We’re offering special discounted pricing if you order before March 22, 2020.The 2020 Economic Report on U.S. Pharmacies and Pharmacy Benefit Managers is a truly unique resource. With 203 proprietary charts, exhibits, and data tables, this 11th edition provides a comprehensive, fact-based, and non-partisan tool for understanding the entire U.S. drug pricing, reimbursement, and dispensing system.The full document clocks in at 374 pages. I can safely say there is nothing else available that comes close to this report.The chart below illustrates the depth and breadth of the 2020 edition. The numbers indicate the report chapter that corresponds to, explains, and analyzes each channel flow.[Click to Enlarge]Below, you can read more info and some behind-the-scenes tidbits. P.S. If you would like to pay by corporate purchase order or check, please email Tamra Feldman. If you preordered the report, you should have already received an email with download instructions. Please contact us if you did not receive the email.Read more » Full Article Benefit Design Industry Trends PBMs Pharmacy Pharmacy Economics
re Informa Connect-CBI’s Patient Support Services Congress By feeds.feedblitz.com Published On :: Mon, 16 Mar 2020 11:30:00 +0000 RESCHEDULED: This event has been rescheduled for November 11-13, 2020. Click here to learn more.Informa Connect-CBI’s Patient Support Services CongressJune 16-18, 2020 | The Westin Princeton at Forrestal Village | Princeton, NJwww.informaconnect.com/patient-support-services-congressInforma Connect-CBI’s Patient Support Services Congress is a comprehensive meeting for insightful and engaging dialogue around navigating compliance hurdles while strengthening and innovating patient-oriented programs.Visit www.informaconnect.com/patient-support-services-congress for more information. Drug Channels readers will save $500 off the standard registration rate when they use code BNP667*.Download the agenda here and see in-depth coverage on industry trends and next-generation patient services, such as:Critical Regulatory Updates and Effective Strategies for Monitoring & OversightNovel Approaches to Services, Program Architecture and Operational ManagementThe pros and cons of different support service modelsMeasuring the Success of Patient Support ProgramsInnovation, AI, Changing Distribution Models and Market MergersTransparency with Charitable OrganizationsCreate Your Own Customized Learning Experience for 2020!Choose from Two In-Depth TracksLegal and ComplianceInnovation and OperationsPlus! Four Tailored SummitsSummit A: Patient Adherence – Educate, Engage and Collaborate to Enhance OutcomesSummit B: Case Management for Novel and Innovative TherapiesSummit C: Strategic Planning for Product LaunchSummit D: Primer Course for Partnering with PatientsLeading Perspectives from Industry Trendsetters:Robert Britting, Director, Patient Services and Strategic Solutions, Teva PharmaceuticalsStella Vnook, Chief Executive Officer, Diverse BiotechKatherine Chaurette, Vice President healthcare Law and Compliance, Blueprint MedicinesKimberly Goldberg, Director, U.S Data Privacy Counsel, NovartisImtiaz Hussain, Senior Director, Patient Services, BayerCory Potomis, Associate Director, Ethics & Compliance Operations, Novo Nordisk, Inc.And so many more!REGISTER TODAY!Visit www.informaconnect.com/patient-support-services-congress for more information. Drug Channels readers will save $500 off the standard registration rate when they use code BNP667*.*Offer applies to standard rates only and may not be combined with other offers, category rates, promotions or applied to an existing registration. Offer not valid on workshop only or academic/non-profit registrations.The content of Sponsored Posts does not necessarily reflect the views of Pembroke Consulting, Inc., Drug Channels, or any of its employees. Full Article Sponsored Post
re Three Things to Look for in a Patient Assistance Program By feeds.feedblitz.com Published On :: Fri, 20 Mar 2020 11:30:00 +0000 Today’s guest post comes from Rob Brown, Vice President and General Manager of RxCrossroads by McKesson and Biologics by McKesson.Rob discusses the importance of access, adherence, and affordability for specialty therapy patients who are uninsured, underinsured, or low-income. He describes three criteria companies should use to evaluate patient assistance program solutions.Click here to learn more about program pharmacy solutions for biopharma from RxCrossroads by McKesson.Read on for Rob’s insights.Read more » Full Article Guest Post Sponsored Post
re Informa Connect-CBI’s 22nd Annual Medicaid and Government Pricing Congress By feeds.feedblitz.com Published On :: Mon, 23 Mar 2020 11:30:00 +0000 Informa Connect-CBI’s 22nd Annual Medicaid and Government Pricing CongressMay 19-21, 2020 | Orlando, FLwww.cbinet.com/medicaidandgovernmentExclusive Offer: Register by April 10th and save $500* (mention promo code MDCDC5).With a volatile healthcare system combined with an election year upon us, the stakes are incredibly high for life sciences manufacturers. Staying on the pulse of industry trends, policies and regulations has never been more critical. The 22nd Annual Medicaid and Government Pricing Congress delivers critical updates and industry best practices to effectively contract, report and comply with state and federal healthcare programs. Gain timely, up-to-the-minute insights on:State Invoicing and DisputesGTN ModelsInnovative Contracting StrategiesState Price Transparency and Reporting Requirements340B Oversight and CompliancePreparing, Negotiating and Implementing FSS ContractsBona Fide Service Fees and FMVAnd many other critical topicsDownload the complete program agenda.The 2020 agenda features 75+ speakers and 50+ sessions customizable by company type and size, as well as 10 hours of dedicated networking. Bio/pharma, regulatory and government experts representing HHS, Pfizer, Daiichi Sankyo, Sobi, Maryland Department of Health, BMS, Jazz, Novartis, Amneal, J&J, Sunovion, Gilead, VA, Granard, Insmed, UCB, Alnylam, Louisiana Department of Health, AstraZeneca, CMS, CSL Behring, Astellas, Lilly, Oklahoma Healthcare Authority, Theravance, Indivior, Sandoz, Alvogen, Takeda, OIG, AMAG, Aimmune, Exelixis, South Dakota Department of Healthcare Services, Regeneron, Sun Pharma, Teva and many others are set to drive the dynamic dialogue. Drug Channels readers can register today and use promo code MDCDC5 to save $500.*Discount offer valid through 4/10/2020; applies to standard rates only and may not be combined with other offers, categories, promotions or applied to an existing registration. Offer not valid on workshop-only or non-profit registrations.The content of Sponsored Posts does not necessarily reflect the views of Pembroke Consulting, Inc., Drug Channels, or any of its employees. Full Article Sponsored Post
re Coronavirus Industry Impact: Manufacturers, Public Policy, and Payers (Part 2) By feeds.feedblitz.com Published On :: Wed, 25 Mar 2020 11:30:00 +0000 Today’s post is the second in our three-part investigation of the ultimate impact of the coronavirus on the drug channel. Here is a link to the first part of our survey analysis: Coronavirus Industry Impact: Patients, Pharmacies, and Wholesalers (Part 1). That article includes details about the methodology and respondents.Today, I review how people in the industry think coronavirus will affect:Federal drug pricing legislation FDA new drug approvals Public support for single-payer health insurance Third-party payment for prescription drugs I also highlight survey respondents’ comments on whether the current situation will bring overseas pharmaceutical manufacturing back to the United States.Tomorrow, I’ll examine survey responses that address how the coronavirus may affect the public’s perception of the industry’s participants. In the meantime, remember that every day is no pants day when you work from home.Read more » Full Article Costs/Reimbursement Health Care Policy Industry Trends Medicaid Medicare Part D
re Drug Channels News Roundup, March 2020: Sanofi’s Gross-to-Net Bubble, Drug Pricing Findings, Amazon Replaces Express Scripts, and Drug Channels Video By feeds.feedblitz.com Published On :: Tue, 31 Mar 2020 11:30:00 +0000 First, let me say thank you to all of the healthcare workers who are putting themselves at risk during this crisis.As I noted last week, many of the crucial issues for our healthcare system will remain after we all get through this challenging period. In that regard, here’s a look at some noteworthy news from the past month: Sanofi discloses new data about insulin pricesExcellent new academic research on list vs. net drug prices Three notable researchers overturn their earlier research on drug costsAmazon switches PBM vendors for some of its employeesPlus, we unveil the teaser trailer for Drug Channels Video!P.S. Join the more than 9,000 followers of my daily links to neat stuff at @DrugChannels on Twitter. My recent tweets have highlighted such topics as:How GoodRx shares patients’ prescription data2019 drug trend at Prime TherapeuticsControversy about the independent pharmacy marketA new $5 generic mail order program, Medicare Part D reformRetail pharmacy’s futureJob openings at Amazon Frozen cookie doughAnd much more!I have also been tweeting many under-the-radar stories about how the coronavirus affects drug channels.Read more » Full Article Benefit Design Costs/Reimbursement Gross-to-Net Bubble PBMs
re Three Early Signs That COVID-19 Could Disrupt the Buy-and-Bill Channel By feeds.feedblitz.com Published On :: Tue, 21 Apr 2020 11:30:00 +0000 Will home infusion growth be a long-overdue correction for the buy -and-bill channel or a temporary blip that will soon vanish?For some time, I have been tracking the evolution of the buy-and-bill system for provider-administered drugs. The data have shown that hospital outpatient departments have been displacing physician offices. Amid this shift, home infusion providers have accounted for a minority of commercial medical benefit spending and a tiny share of Medicare Part B spending.However, the coronavirus pandemic is triggering new growth in home infusion for buy-and-bill products. Below, I highlight the early signs of a marketplace change. I believe that some of these short-term shifts in the buy-and-bill market will persist even after we have recovered from COVID-19. They may even slow the runaway growth of the 340B Drug Pricing Program. If not, then I suppose we'll just keep living in a world with limited home infusion over and over.In early May, Drug Channels Institute will host two live video webinars: Industry Update and COVID-19 Impact: Retail & Specialty Pharmacies (May 1) and Industry Update and COVID-19 Impact: PBMs & Payers (May 8). CLICK HERE TO LEARN MORE AND SIGN UP. DCI will donate 20% of all profits from these events to The Center for Disaster Philanthropy’s COVID-19 Response Fund. Watch my video invitation below.Read more » Full Article Buy-and-Bill Channel Management Hospitals PBMs Physicians Specialty Drugs
re Elsevier: Challenges and Trends to Watch in 2020 (Guest Post) By feeds.feedblitz.com Published On :: Fri, 01 May 2020 11:30:00 +0000 Today’s guest post comes from Trygve Anderson, Vice President of Commercial Pharmacy at Elsevier.Trygve discusses trends and challenges to watch in 2020, including drug pricing transparency, the approval and interchangeability of biosimilars, and stakeholder access to timely and accurate data. Learn more about Elsevier’s information analytics capabilities from its video: Evaluating Drug Data Yields Business Value. Read on for Trygve’s insights.Read more » Full Article Guest Post Sponsored Post
re Insurers + PBMs + Specialty Pharmacies + Providers: Will Vertical Consolidation Disrupt Drug Channels in 2020? (rerun) By feeds.feedblitz.com Published On :: Mon, 04 May 2020 11:30:00 +0000 This week, I’m rerunning some popular posts while I prepare for this Friday’s video webinar: Industry Update and COVID-19 Impact: PBMs & Payers. Life was very different when I originally published today’s article. 2020 is not turning out to be quite what any of us expected. However, the pandemic has exposed some intriguing pros and cons of vertical consolidation. Click here to see the original post and comments from December 2019.The largest insurers, PBMs, and specialty pharmacies have now combined into vertically-integrated organizations. As I explain below, these companies have also been rapidly integrating with healthcare providers.I also provide an updated look at these companies and highlight strategies that they are using—or could use—to control the channel. I believe that these insurer / PBM / specialty pharmacy / provider organizations are poised to restructure U.S. drug channels by exerting greater control over patient access, sites of care/dispensing, and pricing.If they can effectively coordinate their sprawling business operations, they will pose a substantial threat of disruption to the existing commercial strategies of pharma companies. Will they succeed by better managing care and costs, or merely by extracting higher profits from our convoluted system?Read more » Full Article Accountable Care Organizations (ACOs) Buy-and-Bill Channel Management Mergers and Acquisitions PBMs Pharmacy Physicians Retail Clinics Specialty Drugs
re Express Scripts + Prime Therapeutics: Our Four Takeaways From This Market Changing Deal (rerun) By feeds.feedblitz.com Published On :: Tue, 05 May 2020 11:30:00 +0000 This week, I’m rerunning some popular posts while I prepare for this Friday’s video webinar: Industry Update and COVID-19 Impact: PBMs & Payers. I suspect this deal will remain profitable for the participating companies even as COVID-19 alters the US. prescription payer mix. Click here to see the original post and comments from January 2020. National market shares for the largest PBMs in 2019 appears as Exhibit 88 of our 2020 Economic Report on U.S. Pharmacies and Pharmacy Benefit Managers.P.S. Sorry that today's meme is one day too late for Star Wars day.Just before the holidays, Cigna’s Express Scripts business announced a market-changing deal with Prime Therapeutics. Click here to read the press release.There's been very little written about this transaction, though it has potentially major implications. Below, I share my thoughts on the following topics arising from the deal:Implications for manufacturers and pharmaciesThe role of the secretive Ascent Health Services What this all means for WalgreensWhy the Federal Trade Commission won’t challenge the dealA few weeks ago, I explained why integrated insurer / PBM / specialty pharmacy / provider organizations are poised to restructure U.S. drug channels. The Express Scripts / Prime deal signals that the channel will continue its amazing pace of reinvention.The scale, scope, and interconnectedness of today’s market participants make the system increasingly resistant to massive disruption from either external players like Amazon or a government takeover. Like it or not, the channel will continue to gain power and extract profit. Read on and see if you agree.Read more » Full Article Channel Management Group Purchasing Organizations (GPOs) Industry Trends Mergers and Acquisitions PBMs
re Why Part D Plans Prefer High List Price Drugs That Raise Costs for Seniors (rerun) By feeds.feedblitz.com Published On :: Wed, 06 May 2020 11:30:00 +0000 This week, I’m rerunning some popular posts while I prepare for this Friday’s video webinar: Industry Update and COVID-19 Impact: PBMs & Payers. Part D reform has faded from the policy debate. This rerun explains why it is still needed. FYI, this is my favorite article from 2020 (so far). Click here to see the original post and comments from January 2020.Our high-list-price/high-rebate system remains a fundamental source of warped incentives and cascading problems within the Medicare Part D program.For proof, check out the previously unpublished data below on market share for products that treat hepatitis C. Despite manufacturers offering products with lower list prices, Medicare Part D plans have rejected the therapeutically identical but lower-priced versions of these drugs.List prices significantly affect seniors’ out of-pocket costs, so Part D plans are needlessly costing many of them thousands of dollars. The federal government's Medicare spending is also unnecessarily higher.Anyone concerned about drug prices should pay close attention to this situation. Part D plans and seniors who don’t need specialty medications are benefiting, while seniors who need treatment with specialty medications are ripped off. Just another day inside the gross-to-net bubble!Read more » Full Article Benefit Design Costs/Reimbursement Gross-to-Net Bubble Medicare Part D PBMs Specialty Drugs
re Express Scripts vs. CVS Health: Five Lessons From the 2020 Formulary Exclusions and Some Thoughts on Patient Impact (rerun) By feeds.feedblitz.com Published On :: Thu, 07 May 2020 11:30:00 +0000 This week, I’m rerunning some popular posts while I prepare for this Friday’s video webinar: Industry Update and COVID-19 Impact: PBMs & Payers. Today's rerun highlights one of the most effective tactics that PBMs have developed to extract deeper discounts from brand-name drug makers. COVID-19 seems likely shift the U.S. payer mix away from commercial health plans. Expect even tighter formulary management and more restrictions as PBMs work even harder to cut costs for their plan sponsor clients. Click here to see the original post and comments from January 2020.For 2020, the two largest pharmacy benefit managers (PBMs)—Express Scripts and the Caremark business of CVS Health—have again increased the number of drugs they have excluded from their standard formularies. The 2020 formulary exclusion lists are available below for your downloading pleasure.Below, I highlight my key takeaways from the 2020 lists:The number of exclusionsManagement of specialty drugsIndication-based formulariesThe slow adoption of biosimilarsThe PBMs’ patient-unfriendly exclusions in the hepatitis C categoryFormulary exclusions have emerged as a powerful tool for PBMs to gain additional negotiating leverage against manufacturers. The prospect of exclusion leads manufacturers to offer deeper rebates to avoid being cut from the formulary. Exclusions are therefore a key factor behind falling brand-name net drug prices.Read on for a look at this year’s exclusions along with some closing thoughts on what exclusions mean for patients.Read more » Full Article Benefit Design Biosimilars PBMs Specialty Drugs
re Surprise! Brand-Name Drug Prices Fell in 2019 (rerun) By feeds.feedblitz.com Published On :: Fri, 08 May 2020 11:30:00 +0000 This week, I’m rerunning some popular posts while I prepare for today’s video webinar: Industry Update and COVID-19 Impact: PBMs & Payers. Click here to see the original post and comments from January 2020.Manufacturers recently announced list price increases for many brand-name drugs. The typical increase was about 5%. Judging by recent history, these moderately higher list prices will translate into another year of falling brand-name drug prices in 2020.This surprising conclusion comes from our analysis of SSR Health data on prices for more than 1,000 drugs. Details below.SSR Health data reveal that list prices for brand-name drugs rose by about 5% in 2019. However, net prices (after rebates and discounts) decreased by -3.1%. Drug makers discounted their brand-name drug list prices by an average of 45%.Too many journalists and politicians remain committed to the false narrative of “skyrocketing drug prices.” In 2020, Congress may again take up drug price legislation. Let’s all hope that our country builds its public policies based upon accurate facts and reliable data. Hope has to triumph over experience eventually.Read more » Full Article Costs/Reimbursement Gross-to-Net Bubble Industry Trends PBMs
re Menopause Predisposes a Fifth of Women to Alzheimer's By www.scientificamerican.com Published On :: Wed, 06 May 2020 13:00:00 GMT Being female is a risk factor for Alzheimer’s. Why? -- Read more on ScientificAmerican.com Full Article Features Mind Neurological Health
re Comets Prevent Ether from Accumulating in Space By www.scientificamerican.com Published On :: Wed, 06 May 2020 14:30:00 GMT Originally published in January 1859 -- Read more on ScientificAmerican.com Full Article The Sciences Space
re 'Breakthrough' COVID-19 Tests Are Currently Cheap, Fast--and Not Very Accurate By www.scientificamerican.com Published On :: Thu, 07 May 2020 10:45:00 GMT Antigen-based assays could be used in the home, but critics say their error rates are still an issue -- Read more on ScientificAmerican.com Full Article Health Public Health
re The COVID-19 Response Is Failing Communities of Color By blogs.scientificamerican.com Published On :: Thu, 07 May 2020 11:00:00 GMT To build trust with traditionally underserved groups, health officials need to craft their messaging in a much more culturally sensitive way -- Read more on ScientificAmerican.com Full Article Health Behavior & Society
re Cleaner Air Courtesy of Coronavirus Provides Window into a Car-Free Future By www.scientificamerican.com Published On :: Thu, 07 May 2020 15:30:00 GMT With cars off the roads, scientists can study how smog and other types of pollution change -- Read more on ScientificAmerican.com Full Article Sustainability Climate Environment Automotive
re To Prevent the Next Pandemic, End Unequal Access to Natural Resources By blogs.scientificamerican.com Published On :: Thu, 07 May 2020 16:00:00 GMT Safeguarding public health requires rethinking our relationship to the environment and the inequities that drive its destruction -- Read more on ScientificAmerican.com Full Article Health Environment
re New Model Predicts Sudden Rogue Waves By www.scientificamerican.com Published On :: Fri, 08 May 2020 10:45:00 GMT Unified theory describes formation of huge, mysterious waves -- Read more on ScientificAmerican.com Full Article Advances The Sciences Physics