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August 22, 2014

Recent Stories of Interest

From Drug Benefit News - Bids by Medicare Part D plans for the coming benefit year were particularly aggressive, as CMS disclosed late last month that the national average monthly bid amount dropped 7.5%. But this decline was up from a 5% reduction from 2013 to 2014 (see table, p. 7), and represents the second-largest drop in the average bid since 2007, the second year of the program, when rates fell 13%. Industry analysts suggest that large plan sponsors’ ability to control costs through preferred pharmacy networks is likely resulting in more competitive bids, and will continue to place pressure on smaller carriers. Read more

As the three publicly traded PBMs reported financial results for the second… Read more

The practice of 340B covered entities engaging in contract pharmacy arrangements has… Read more

Nearly two years after Novartis lost its patents on the popular hypertension… Read more

From the Editor

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August 21, 2014
Were WAG Execs Ousted for Major Forecasting Error

Were two Walgreens execs ousted for major forecasting error? http://tinyurl.com/k7dmjqv

August 19, 2014
Clone of FDA Approves Oral Drug for Gaucher Disease

FDA approves Genzyme’s Cerdelga (eliglustat) for certain adults with Gaucher disease type 1; drug is only first-line oral therapy for indication http://tinyurl.com/onfafmt

August 18, 2014
FDA Approves Next-Generation Avonex for MS

FDA approves Biogen Idec’s Plegridy, a pegylated interferon to treat MS that’s dosed every two weeks; drug is next-generation version of Avonex, which has weekly dosing http://tinyurl.com/jwmckv2

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