Drug Costs

FDA approves $4.25 million gene therapy for MLD

March 29, 2024 - Once again, the pharmaceutical industry has topped its existing astronomical prices with Lenmeldy, an FDA-approved gene therapy for children with pre-symptomatic late infantile, pre-symptomatic early juvenile, or early symptomatic early juvenile metachromatic leukodystrophy (MLD), which has a wholesale acquisition price tag of $4.25...


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Continuous Manufacturing Revolutionizes Pharmaceutical Production

by Alivia Kaylor

In the pharmaceutical sector, continuous manufacturing (CM) has emerged as a transformative technology with the potential to revolutionize the industry. As drugmakers seek to enhance efficiency, reduce costs, and ensure a resilient supply...

Senate Report Exposes Big Pharma’s Profiteering at Americans’ Expense

by Alivia Kaylor

On February 6, 2024, the United States Senate's Health, Education, Labor, and Pensions (HELP) Committee published a Majority Staff Report highlighting the issue of exorbitant drug prices in the United States. It focuses on the business...

Senate Hearing Challenges Pharma CEOs on Drug Pricing

by Alivia Kaylor

In a heated Senate hearing on February 8th, the CEOs of Bristol Myers Squibb, Johnson & Johnson, and Merck faced rigorous questioning from various United States senators regarding the exorbitant...

500 Drugs from Over 140 Brands Are Expected to Cost More This Year

by Veronica Salib

Last week, just before the end of 2023, Reuters published an article breaking a story from data analyzed by 3 Axis Advisors, a healthcare research firm. The analysis evaluated anticipated drug price...

Price Transparency Healthcare Policies Reduce Out-Of-Pocket Costs

by Editorial Staff

Price transparency enables patients to shop for the most effective and inexpensive healthcare available and is vital as patient out-of-pocket healthcare costs continue to skyrocket year-over-year.   A 2021 Kalorama Information...

Exploring Prescription Discount Cards’ Role in Medication Adherence

by Editorial Staff

Since prescription discount cards were introduced into the United States market in the early 2000s, patients and providers have leveraged them to combat rising drug costs and make medications more affordable. By enhancing drug...

US States, Cities Sue Insulin Makers Over Shortages, High Prices

by Alivia Kaylor

In recent weeks, a wave of lawsuits has emerged as more states and cities in the United States take legal action against insulin makers and pharmacy benefit managers (PBMs). These lawsuits allege that...

The Importance of Accurately Measuring the Value of New Medications

by Veronica Salib

Last month, No Patient Left Behind, an American nonprofit organization pushing for healthcare reform in the United States to make drugs more affordable, published a report assessing the accuracy and utility of current cost-effectiveness...

Dissecting Ethical Principles in the Pharmaceutical Industry

by Veronica Salib

According to the Seven Pillars Institute for Global Finance and Ethics, various ethical issues are pressing the pharmaceutical industry and its stakeholders, including researchers, pharmacists, pharmaceutical companies, other healthcare...

Ozempic in the US Costs Over Five Times More Than in Other Countries

by Veronica Salib

As weight loss drugs like Ozempic, Wegovy, and Mounjaro become increasingly popular in the United States, the financial weight of these drugs poses a significant burden for the US healthcare system....

Pfizer Sues Dexcel Pharmaceuticals Alleging Patent Infringement

by Hayden Schmidt

Early this week, Pfizer and the Scripps Research Institute announced that they would be suing Israel’s Dexcel Pharma for patent infringement affecting Vyndamax, a drug that already generated $818...

How Inflation, Competition, Biosimilars Affect Prescription Drug Costs

by Editorial Staff

As the inflation rate continues to rise, the healthcare industry — like every other industry — is taxed with extraordinarily high costs. Rising drug prices have caused increased healthcare expenditures and out-of-pocket costs....

How Medical Affairs Impact the Pharmaceutical Industry

by Editorial Staff

Nearly every medical device or pharmaceutical company has a medical affairs team responsible for gathering scientific data and communicating it with leaders in the pharmaceutical industry. However, a...

High Prescription Drug Costs Lead Older Patients to Ration Medication

by Veronica Salib

While not a new concept, drug rationing across the United States has become an increasingly critical issue. In another tale about the dangers of high prescription drug costs, researchers published an...

Addressing Clinical Trial Challenges and High Drug Development Costs

by Editorial Staff

The drug development process is a notably tricky component of the pharmaceutical industry, accounting for the most time and money required to get a drug to market. Across the United States, the average spending on drug development is...

Comparing Small Molecule and Biologics Drug Development Challenges

by Veronica Salib

In recent years, pharmaceutical industry members have identified a boom in the biologic and biosimilar space. Although they only comprise a small part of the pharmaceutical industry, biological drug...

Ohio Attorney General Sues Pharmacy Benefit Managers Due to Collusion

by Veronica Salib

On Monday, March 27, 2023, Ohio Attorney General Dave Yost sued pharmacy benefit managers (PBMs) from multiple organizations for collusion on drug prices. The lawsuit names numerous defendants,...