Branded prescription drug spend — A basic framework
Drug prices are a major target of patient groups and Congress, although drug spending makes up only 10% of the $3.3 trillion spent on U.S. health care in a year.
Pharmacy
Diplomat provides updated 2018 guidance and preliminary 2019 outlook
Diplomat Pharmacy is updating its 2018 financial guidance and providing a preliminary 2019 outlook in connection with its presentation today at the JP Morgan Healthcare Conference in San Francisco. Diplomat now expects 2018 revenue to be at the lower end of the previously communicated $5.5 to $5.
MinuteClinic opens walk-in medical clinic in Dallas, Pa.
WOONSOCKET, RI – A new MinuteClinic walk-in medical clinic has opened inside the CVS Pharmacy store at 5 Church Street in Dallas, Pa., providing the community with convenient access to common health care services. The clinic will be open Monday through Friday with no appointment necessary.
Hy-Vee offers controlled substance prescription policy
To assist in combatting the national opioid epidemic Hy-Vee announces the implementation of a new controlled substance prescription policy. As of Jan.
Bristol-Myers Squibb to Acquire Celgene Corporation
In a deal worth $74 billion, Bristol-Myers Squibb announced today its plans to acquire Celgene Corporation.
Prices boosted on hundreds of drugs
Drugmakers are increasing the price of hundreds of drugs by an average of more than 6%, according to a new analysis by Rx Savings Solutions. With pressure on the pharmaceutical industry to hold down prices mounting, many of the increases are relatively small.
Healthwarehouse.com reaps benefits of Innovation’s high-volume mail order pharmacy automation
Six months after replacing after replacing prior automation with Innovation’s PharmASSIST high-volume Quick Start prescription fulfillment system, mail order pharmacy HealthWarehouse.com is touting dramatic improvements in operational efficiency. Healthwarehouse.
Dr. Reddy’s launches sevelamer carbonate for oral suspension in U.S.
Dr. Reddy’s Laboratories announced the launch of sevelamer carbonate for oral suspension, in 0.8 g and 2.4 g packets, a therapeutic equivalent generic version of Renvela (sevelamer carbonate) for oral suspension, approved by the U.S. Food and Drug Administration. The Renvela brand and generic had U.
Dr. Reddy’s rolls out aspirin and extended-release dipyridamole capsules
Dr. Reddy’s Laboratories Ltd. recently announced the launch of aspirin and extended-release dipyridamole capsules, a therapeutic equivalent generic version of Aggrenox (aspirin and extended-release dipyridamole) capsules in the United States market from the U.S. Food and Drug Administration.
Cigna completes Express Scripts deal
Cigna Corp. has successfully completed its combination with Express Scripts Holding Company effective December 20, 2018.
Pharmacists remain strong in Gallup honesty, ethics survey
ARLINGTON, Va. – Pharmacists rank third in Gallup’s 2018 survey of honesty and ethical standards, maintaining their consistently strong showing in the annual measure of diverse professions.
Rite Aid, McKesson continue partnership
CAMP HILL, Pa. – Rite Aid Corp. and McKesson Corp. announced an agreement to key terms that will continue the companies’ pharmaceutical sourcing and distribution partnership for an additional 10 years.
New VP at CARE Pharmacies
CARE Pharmacies, a member-owned cooperative of independent community and specialty pharmacies, promoted Wafaa Berrady earlier this month to vice president of finance. In her new role, Berrady will oversee all the chain level financial functions of the growing cooperative drug chain. “Mrs.
Paramount Rx saves customers over $400 million on prescriptions
CARY, N.C. – Prescription benefits manager Paramount Rx reported that it has saved customers more than $400 million on their prescriptions in 2018 through its Community Cares Rx prescription discount program.
GSK, Pfizer create O-T-C giant
GlaxoSmithKline Plc and Pfizer Inc. have struck a deal that will create the largest over-the-counter drug company in the world. GSK paved the way for a split into two companies, agreeing to create the consumer-health joint venture with Pfizer.
HDA Foundation report looks at specialty supply chain
Data published by the HDA Research Foundation reveal the changing market dynamics of the nearly $200 billion specialty pharmaceutical supply chain segment — and the important role HDA-member specialty pharmaceutical distributors play within it.