Drug Pricing: Page 2

  • Concept image of insulin aspart with fake labeling
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    Samara Heisz via Getty Images
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    California files suit against PBMs over insulin prices

    The state filed suit Thursday against pharmacy benefit managers CVS Caremark, Express Scripts and OptumRx, alleging they worked with drugmakers to drive up the price of insulin.

    By Hailey Mensik • Jan. 13, 2023
  • A picture of the exterior of the US Department of Health and Human Services. In front of the building is a black sign designating the building's name.
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    Alex Wong via Getty Images
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    HHS lays out timing for drug price negotiations

    The agency will begin discussions on how it will negotiate Medicare drug prices in the spring and publish a list of the first 10 drugs selected by Sept. 1, 2023.

    By • Jan. 11, 2023
  • Explore the Trendline➔
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    Roche
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    Trendline

    Biosimilars

    The arrival this year of lookalike competition to AbbVie’s Humira in the U.S. presents an opportunity, and a test, for the cost-saving potential of biosimilars.

    By BioPharma Dive staff
  • An up-close and above the shoulder picture of Senator Bernie Sanders wearing a medical face mask
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    Chip Somodevilla/Getty Images via Getty Images
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    Sanders to target healthcare costs as leader of influential Senate committee

    The longtime congressman and “Medicare for All” proponent will soon assume leadership of the Senate HELP committee, giving him sway in one of the nation’s most broadly influential health policy forums.

    By Sydney Halleman • Jan. 9, 2023
  • Vials of Eisai and Biogen's new Alzheimer's drug Leqembi
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    Courtesy of Leqembi
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    New Alzheimer's drugs

    Eisai, in pricing new Alzheimer’s drug, tries to sidestep controversy

    The pharma set the average annual cost of it and Biogen’s newly approved medicine Leqembi to $26,500, below the cost of the companies’ earlier drug Aduhelm but above one estimate of cost effectiveness.

    By • Jan. 6, 2023
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    Flickr; Images Money
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    Pharma companies boost drug prices to start year, but hikes lag inflation

    Analysts noted hundreds of list price increases, including dozens by Pfizer. Many checked in around 5%, roughly in line with hikes taken in recent years.

    By • Jan. 3, 2023
  • A Bluebird bio employee works at a laboratory.
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    Permission granted by Bluebird bio
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    Gene therapy approval won, Bluebird takes on next challenge: selling it

    The biotech is still waiting to treat its first commercial patient with Zynteglo, but says it has not seen insurers deny coverage for the beta thalassemia drug.

    By • Dec. 12, 2022
  • Three scientists in lab coats look at something at a work table.
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    Hinterhaus Productions via Getty Images
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    Sponsored by First Republic Bank

    Life science investment outlook: thinking beyond the pandemic

    Learn about the investment landscape for life science companies, heading into 2023.

    Dec. 12, 2022
  • A picture from chest-up of Bernie Sanders speaking to reporters. The top of the US capitol building is visible behind him.
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    Anna Moneymaker/Getty Images via Getty Images
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    Sanders poised to lead Senate health committee

    The longtime pharma critic is set to become chair of the HELP Committee, a post that holds significant power in directing congressional efforts on healthcare issues.

    By Susan Kelly • Nov. 28, 2022
  • A building with logo of drugmaker Eli Lilly.
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    Eli Lilly & Co.
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    FDA approves Rezvoglar as second ‘interchangeable’ insulin biosimilar

    Eli Lilly’s long-acting copycat drug, first approved in late 2021, now has a designation that will allow pharmacists to swap it for Sanofi’s Lantus.

    By • Nov. 18, 2022
  • Xavier Becerra sits on a couch onstage at HLTH.
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    Rebecca Pifer/BioPharma Dive
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    Divided Congress after midterms will allow HHS to execute on policy priorities, Becerra says

    The agency is focused on implementing drug price negotiation in Medicare and surprise billing regulations, according to the secretary.

    By Rebecca Pifer • Nov. 16, 2022
  • Alexis Borisy and Melanie Nallicheri of EQRx, at launch
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    Courtesy of EQRx
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    EQRx redraws ‘radical’ drug pricing plans for first two drugs

    The buzzy startup, which planned to undercut big pharma on price, also dropped plans to seek U.S. approval in lung cancer of an immunotherapy competitor to Keytruda.

    By • Nov. 10, 2022
  • Prescriptions drugs on a production line.
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    zorazhuang via Getty Images
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    Pharma earnings outline drug law’s looming impact on sales, development

    While companies remain unsure of the Inflation Reduction Act's effects, some began to warn investors about the likelihood of lower sales and reduced profits.

    By • Nov. 9, 2022
  • Inflation word on calculator in idea for FED consider interest rate hike
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    Khanchit+khirisutchaluai/Shutterstock.com

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    Sponsored by GoodRx

    Inflation Reduction Act: What are the healthcare implications?

    The Inflation Reduction Act helps support American families by lowering prescription drug prices and reducing overall healthcare costs.

    Oct. 31, 2022
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    Laddawan punna/Shutterstock.com

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    Sponsored by GoodRx

    Worried about provider consolidation? Learn about GoodRx engagement solutions

    GoodRx has developed strong relationships with both patients and providers over the past decade and is helping pharmaceutical manufacturers address the changes resulting from this trend.

    Oct. 10, 2022
  • A photograph of a box of Amylyx Pharmaceuticals' ALS medicine Relyvrio
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    Permission granted by Amylyx Pharmaceuticals
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    ALS drug development

    Amylyx sets ALS drug price at $158,000 per year, opening new debate on cost

    The list price is slightly lower than another ALS therapy approved five years ago, but well above what one drug cost watchdog believes to be reasonable, given its purported benefit.

    By • Sept. 30, 2022
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    Novartis
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    Novartis warns of sales hit after federal court turns back patent appeal

    The Swiss company is evaluating “all available options” following the ruling, which could lead to the launch of copycat versions of its MS drug Gilenya.

    By Kristin Jensen • Sept. 21, 2022
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    Jeff J Mitchell via Getty Images
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    Deep Dive

    Can biosimilars, after years of limited impact, finally make a mark in the US?

    Seven years after the first copycat biologic drug arrived in the U.S., expected cost savings have been modest at best. The next few years will show whether the knockoff drugs can live up to their cut-price promise.

    By • Sept. 7, 2022
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    Permission granted by Akili Inc.
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    Q&A

    Akili CEO Martucci sees ‘massive’ need for company’s ADHD video-game treatment

    With enough cash now to last two years, the company, which merged with a SPAC last week, hopes it can change the way children with ADHD are treated.

    By Elise Reuter • Aug. 29, 2022
  • Workers gather inside BioMarin’s gene therapy manufacturing plant in Novato, California.
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    Courtesy of BioMarin Pharmaceutical
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    With European approval secured, BioMarin puts roughly $1.5M price tag on hemophilia gene therapy

    On a conference call, BioMarin executives revealed the anticipated price for Roctavian and the company's initial launch plans, which include pay-for-performance deals customized to different markets.

    By • Aug. 25, 2022
  • A Bluebird bio employee works at a laboratory.
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    Permission granted by Bluebird bio
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    With $2.8M gene therapy, Bluebird sets new bar for US drug pricing

    Approved for severe beta thalassemia, Zynteglo will test insurers’ willingness to pay for expensive one-time treatments. Its market launch is likely to be watched carefully by other gene therapy developers.

    By • Aug. 18, 2022
  • Nancy Pelosi sits at a table to sign the inflation reduction act. She's surrounded by people clapping.
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    Drew Angerer/Getty Images via Getty Images
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    Pharma industry braces as drug pricing bill passes Congress

    The Inflation Reduction Act, signed into law by President Biden in August, was one of the most significant political defeats for the industry in years, and will reshape companies’ business plans moving forward. 

    By • Aug. 15, 2022
  • senator Chuck Schumer pauses under an arch in the United States Senate. Both of his hands are raised and giving a 'thumbs up'
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    Drew Angerer/Getty Images via Getty Images
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    Senate passage of drug pricing bill brings major defeat closer for pharma industry

    The legislation, which would allow Medicare to negotiate prices on up to 60 drugs by 2029, passed on a party-line vote and now goes to the House, where it is expected to pass.

    By • Aug. 8, 2022
  • A view of the Capitol Dome from below with an American flag waving in the wind on the left side and blue skies in the background.
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    iStock via Getty Images
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    Pharma CEOs press case against drug price negotiation as bill gains support

    On earnings calls with investors, executives reiterated opposition to legislation advanced by Democrats that would curtail their pricing power in the U.S.

    By • Aug. 4, 2022
  • Rendered illustration of human DNA
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    DKosig via Getty Images
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    Roche digs deeper into gene therapy for the eye

    The Swiss drugmaker, which already owns rights to a marketed gene therapy for inherited vision loss, will work with startup Avista Therapeutics to develop better delivery tools for the complex treatments. 

    By • July 20, 2022
  • UnitedHealth Group's headquarters building in Minnetonka, Minnesota.
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    UnitedHealth Group
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    UnitedHealth to offer some drugs, including insulin, at no cost share in 2023

    The initiative aims to address inflationary pressures and prevent worse health outcomes down the line, CEO Andrew Witty told investors Friday.

    By Rebecca Pifer • July 15, 2022