While discount cards can
assist patients in covering out-of-pocket expenses, their use by drug
manufacturers to steer users to more expensive drugs ultimately drives up costs
in the healthcare system. Many coupons and discount cards are targeted at
expensive brand name medications; while they allow the patient to afford their
established copay, the insurer is paying the balances of a significantly more
expensive drug than the generic or preferred brand – oftentimes, leading to
higher premiums the following years. Further, these discounts are usually
limited to a certain number of fills or restricted timeline and cannot be used by
patients in federal health plans.
Read Drug Discovery & Development's article on it here.
Monday, September 26, 2016
Friday, September 16, 2016
[Medscape Podcast] Biosimilars: Can They Be Trusted?
Podcast summary: The first biosimilars were
released in Europe ten years ago and were based on biologics with fairly simple
structures. As technology and understanding expands, manufacturers are
approaching a more complex set of drugs; some critics worry that, while researchers
are able to easily map the sequence of proteins, the actual structure of a
biosimilar may have slight, undetected variations from its counterpart.
Industry experts, however, are confident that the advancement of the technology
used to compare the chemical makeups is so precise that any undetected
structural error would be too minor to impact the drug’s efficacy or safety.
Additional concerns stem around clinical trial requirements – while the
original biologic required rigorous testing with thousands of people, trials to
prove equivalence (rather than efficacy) are typically much smaller in nature.
On the other hand, equivalence studies are much more affordable, lending this
approach to the cost containment initiatives that make biosimilars attractive in
the first place. Further, regulatory agencies will also likely require
extensive additional evidence of drug similarities, supplementing required
trials, before any approvals are issued.
Hear Medscape's podcast here.
Hear Medscape's podcast here.
Tuesday, August 30, 2016
Podcast: Aetna Letter Sparks Controversy
Summary: After announcing an exit
from the majority of the healthcare exchanges in which it currently operates,
Aetna is receiving criticism over a letter it had previously sent to the
Department of Justice (DOJ). In it, Aetna’s CEO stated that if the merger
between his organization and Humana was blocked, the company would have to
leave the exchange business. Aetna claims to have left due to financial
concerns and profitability issues with the program setup, but some wonder if
the letter was meant as a veiled threat. Experts point out that if the latter
is true, the attempt was misguided – the DOJ typically does not consider
political pressures when examining anti-trust cases and is attempting to block
the merger regardless of the letter’s intent.
Hear the full podcast from Marketplace here.
Hear the full podcast from Marketplace here.
Monday, August 1, 2016
Fearing Zika, FDA Asks Two Florida Counties to Halt Blood Donations
After travel and sexual
transmissions were ruled out for four Zika cases in Florida counties of
Miami-Dade and Broward, fears of infected mosquitos in the United States are
mounting. Because the virus does not present symptoms in many cases, it is
possible that more people are infected – and may have donated blood after being
bitten. The FDA has issued a warning that blood collections in the counties
should not resume until they are able to properly test the blood and screen
donors; they also recommend that neighboring and other at-risk counties
consider taking the same actions.
Read NPR's article on it here.
Read NPR's article on it here.
Thursday, July 28, 2016
Thursday, July 21, 2016
Sanders, Other Lawmakers Urge FDA Approval of Generic Crestor
Two months ago, AstraZeneca
gained approval for the use of Crestor in children suffering from homozygous
familial hypercholesterolemia (HoFH) and, under the Orphan Drug Act (ODA), the
drug then qualified for extended market exclusivity for the treatment of this
new condition. With the impending loss of patent protection for Crestor’s
common use in adults, AstraZeneca has filed a lawsuit accusing the FDA of
illegally interpreting a federal law that will allow generic medications to
exclude indications for HoFH on their labels. Without the ruling, generic
manufacturers would be required to include HoFH dosing and instructions on
their labels, therefore violating the exclusivity granted by the ODA and
extending AstraZeneca’s market hold. Bernie Sanders, along with several other
lawmakers, are petitioning the FDA to approve the generics and offer a lower
cost alternative to consumers.
Read the Stat News article on it here.
Read the Stat News article on it here.
Friday, July 1, 2016
[Podcast from 2 Docs Talk] Direct-To-Consumer Marketing - Letting the Fox Guard The Henhouse
Summary: Direct-to-consumer drug
marketing has, historically, been a controversial topic. In 2002, Merck spent
$160 million on a marketing campaign for the new pain medication, Vioxx. Later,
the drug was found to increase the risk of stroke and heart attacks and was
being used, largely, by individuals who were well-suited for alternative drugs
(like ibuprofen). In addition to the increased potential for misuse, many ad
claims are misleading for consumers: A reported “significant” increase in
length of life for patients on a treatment for lung cancer is actually three
months. As pressure builds to regulate, or even halt, these advertising
practices, the pharmaceutical industry has a proposed solution. They recommend
giving the FDA approval rights for all prescription drug ads prior to their
release, funded by manufacturers through a per ad ‘user fee.’ This approach is
already used for drug approvals, with manufacturers funding over half of the
FDA’s budget; prior to the implementation of these fees in 1993, drug company
investment accounted for less than 10% of funds received by the FDA. Opponents
of the measure are concerned how the impact of additional pharma industry
funding will jeopardize the ultimate efficacy of the FDA’s practices.
Here the podcast from 2 Docs Talk here.
Here the podcast from 2 Docs Talk here.
Subscribe to:
Posts (Atom)
