Drug Pricing: Page 4


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    Roche
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    Roche SMA drug approved in youngest infants, challenging Novartis and Biogen

    Evrysdi, the only oral drug for the neurodegenerative disorder, can now be used to treat babies younger than 2 months who have been identified through newborn screening.

    By May 31, 2022
  • A photo of Biogen's Alzheimer's drug Aduhelm
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    Permission granted by Biogen
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    Medicare premiums to remain unchanged after Aduhelm price cut spurs review

    HHS Secretary Becerra had sought to cut premiums for seniors sooner, but "legal and operational hurdles" prevented a change mid-year, the department said in a Friday statement.

    By Samantha Liss • May 31, 2022
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    Biosimilars

    The arrival 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
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    Elizabeth Regan / Industry Dive
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    Drug price hikes moderate as rebates rise, report finds

    List prices for branded medicines rose by nearly 5% last year, according to IQVIA, a figure that fell to 1% after accounting for rebates and discounts.

    By April 21, 2022
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    erdikocak via Getty Images
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    Hospitals mark up cancer drug prices for private insurance patients, study shows

    Researchers also found U.S. spending on cancer medicines rose from about $39 billion in 2015 to nearly $68 billion in 2019 largely due to manufacturer and hospital market power.

    By Hailey Mensik • April 19, 2022
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    Md Saiful Islam Khan via Getty Images
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    UK bid to battle antibiotic resistance yields first subscription-style plan

    Pfizer and Shionogi could receive 10 million pounds, or about $13 million, a year for new antibiotics. International participation might be needed to further spur development, however.

    By April 12, 2022
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    Getty Images
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    Medicare finalizes policy limiting coverage of Biogen Alzheimer's drug

    Biogen said it is considering its options following CMS' decision, which restricts reimbursement of Aduhelm to patients enrolled in a randomized clinical trial. 

    By Updated April 7, 2022
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    Samara Heisz via Getty Images
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    Civica targets insulin in effort to produce cheaper drugs

    The nonprofit group announced ambitious plans to begin offering insulin at prices no higher than $30 per vial by early 2024.

    By Kristin Jensen • March 3, 2022
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    Win McNamee / Staff via Getty Images
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    Biden discusses drug prices, mental health services in annual address

    The president also announced a "test-to-treat" program that would allow people to receive free antiviral pills, such as Pfizer's Paxlovid or Merck's molnupiravir, after a COVID-19 test at a pharmacy.

    By Shannon Muchmore • March 2, 2022
  • Federal Trade Commission Chair Lina Khan voted in favor of the study.
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    Retrieved from FTC.
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    FTC deadlocks on vote to launch study into PBM practices

    The antitrust agency won't study pharmacy benefit managers' pricing and contract practices as proposed, after a 2-2 vote by commissioners Thursday.

    By Samantha Liss • Feb. 17, 2022
  • Colorized scanning electron micrograph of a cell heavily infected with SARS-CoV-2 virus particles, isolated from a patient sample
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    National Institute of Allergy and Infectious Diseases. (2020). "Novel Coronavirus SARS-CoV-2" [Micrograph]. Retrieved from Flickr.
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    Lilly's new COVID-19 antibody becomes US' latest tool to battle omicron

    The speedy clearance of Lilly’s bebtelovimab comes after the U.S. stopped distributing two of the company's earlier antibodies because they couldn't effectively neutralize the variant.

    By Updated Feb. 11, 2022
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    Sarah Silbiger via Getty Images
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    FDA sends signal with tough questions of Lilly at cancer drug meeting

    The agency criticized Eli Lilly for using a trial run in China to seek approval of an immunotherapy it licensed from Innovent Biologics. Outside advisers agreed in a decisive vote that could have repercussions for several other drugmakers.

    By Feb. 10, 2022
  • Lilly slows FDA submission of Alzheimer's drug after Medicare decision

    Executives for the pharma downplayed the impact of an accelerated approval for donanemab, pointing to Medicare's plans to restrict coverage of Alzheimer's drugs like it to only patients in clinical trials.

    By Feb. 3, 2022
  • Alexis Borisy and Melanie Nallicheri of EQRx, at launch
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    Courtesy of EQRx
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    EQRx builds case for cancer drug it hopes can disrupt market

    Study results show EQRx's drug, which it means to position as a lower-cost alternative to widely used cancer immunotherapies, extended the lives of lung cancer patients. But it's unclear whether that will be enough to sway the FDA.

    By Kristin Jensen • Jan. 19, 2022
  • A photo of Biogen's Alzheimer's drug Aduhelm
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    Permission granted by Biogen
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    Medicare faces blowback over plan to limit coverage of Biogen's Alzheimer's drug

    Biogen, along with allies in industry, plans to pressure Medicare to water down its policy, which limits coverage of Aduhelm and drugs like it to clinical trials.

    By , Jan. 14, 2022
  • After years of decline, drugmakers' price hikes may have bottomed out

    Inflation in 2021 may have offered drugmakers a catalyst for taking slightly bigger increases on a list price basis. But rebates to insurers are still keeping net price rises lower.

    By Jan. 5, 2022
  • A photo of Biogen's Alzheimer's drug Aduhelm
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    Permission granted by Biogen
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    New Alzheimer's drugs

    After intense pushback, Biogen to cut price of Alzheimer's drug

    Effective Jan. 1, the average list price for Aduhelm will drop about 50% to just over $28,000 a year. It's a move the company hopes will appease insurers and lower out-of-pocket costs for patients.

    By Dec. 20, 2021
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    Mark Wilson via Getty Images
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    Martin Shkreli's former company to pay $40M in settlement over drug price hikes

    The payment resolves the government's claims against Vyera and Phoenixus for their efforts to block competition to Daraprim, the toxoplasmosis drug Shkreli famously raised the price of by 4,000%.

    By Kristin Jensen • Dec. 8, 2021
  • Pharmaceutical Executives Testify At Senate Finance Committee Hearing On Drug Prices
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    Win McNamee via Getty Images
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    As Congress weighs drug price restraints, ICER calls out 'unsupported' increases

    In a new report, ICER highlighted AbbVie's price hikes on Humira, which the group said resulted in more than $1 billion in U.S. spending last year without any new evidence of health benefits.

    By Nov. 16, 2021
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    Spencer Platt via Getty Images
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    Pfizer will allow generic drugmakers to produce promising COVID-19 pill

    A licensing deal with a U.N.-backed patent group could expand supply of Pfizer's experimental drug Paxlovid in lower- and middle-income countries.

    By Nov. 16, 2021
  • A photo of Biogen's Alzheimer's drug Aduhelm
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    Permission granted by Biogen
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    Anticipating Aduhelm's costs, Medicare plans big jump in premiums

    While CMS is still weighing whether to authorize wide coverage of Biogen's pricey Alzheimer's drug, administrators are planning to build reserves in case costs skyrocket.

    By Nov. 15, 2021
  • The United States Capitol in February 2020
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    Megan Quinn/BioPharma Dive
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    Democrats’ drug pricing plan, while scaled back, could still squeeze pharma top-sellers

    Legislation backed by President Joe Biden and top Democratic lawmakers would allow for price negotiation on 20 older drugs, potentially impacting blockbusters from Pfizer, Bristol Myers Squibb and others.

    By Nov. 4, 2021
  • A stylized illustration of a "patent thicket" for Jonathan Gardner's Nov. 1 story on Amgen's Enbrel.
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    Adeline Kon / BioPharma Dive/BioPharma Dive
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    Deep Dive // Patent thickets

    A three-decade monopoly: how Amgen built a patent thicket around its top-selling drug

    Through high-stakes litigation, aggressive patenting practices and a bit of luck, Amgen will likely stretch Enbrel's monopoly until 2029, more than 30 years after it was approved.

    By Nov. 1, 2021
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    Alex Wong via Getty Images
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    Drug price restraints dropped as Biden prioritizes other measures

    Despite majority control of Congress, it appears unlikely the Biden administration will be able to pass meaningful pricing reform, though a slimmed-down bill may still be in the works.

    By Oct. 29, 2021
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    Jon Cherry via Getty Images
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    J&J foresees end to not-for-profit sales of coronavirus vaccine

    The drugmaker plans to switch over to a commercial business model late next year or early in 2023, said Jennifer Taubert, head of J&J's pharma division.

    By Oct. 19, 2021
  • Boehringer wins 'interchangeable' status for Humira copy, strengthening competitive threat

    The interchangeable approval could help to boost adoption of Boehringer's biosimilar when it launches in mid-2023, a date set via settlement with AbbVie.

    By Oct. 18, 2021