News
Three More Prescription Drugs Now OTC
The newly designated drugs include GlaxoSmithKline's Voltaren and two versions of Alcon's Pataday. "Approval of a wider range of nonprescription drugs has the potential to improve public health by increasing the types of drugs consumers can access and use that would otherwise only be available by prescription. This includes providing the millions of people that suffer with joint pain from arthritis daily over-the-counter access to another nonopioid treatment option," Karen Mahoney, MD, acting deputy director of the FDA's office of nonprescription drugs, said in a February 14, 2020 news release.
https://www.beckershospitalreview.com/pharmacy/fda-makes-3-prescription-drugs-available-over-the-counter.html
Pharma Execs Blast Belcher Pharmaceuticals' 600% Drug Price Hike
A group of pharmaceutical executives wrote a letter to Belcher Pharmaceuticals, criticizing the drugmaker for raising the price of dehydrated alcohol by almost 670 percent. Dehydrated alcohol has been around for decades and is used to treat chronic pain or prevent infections in patients who need nutrients intravenously.
Older versions of the drug sold by other manufacturers were never FDA approved but were available because they predated stricter FDA requirements. In June 2018, Belcher Pharmaceuticals received FDA approval for its version of dehydrated alcohol, called Ablysinol. It received orphan designation, a special status given to drugs that treat rare diseases, because Belcher asked for it to be approved to treat a rare cardiac disease. Orphan designation means other drugmakers can't market their versions of dehydrated alcohol until 2025, so Belcher's is the only kind on the market, forcing healthcare providers to pay the higher price.
Other drugmakers sold it for about $1,300 for a 10-vial pack, but Belcher is selling it for $10,000 for the same amount. Belcher justified the price hike by saying it spent "multiple millions of dollars" on developing the drug, running clinical trials and preparing its application for the FDA. But Belcher didn't run its own clinical trials. It relied on previously published research, according to an FDA review. The drugmaker did conduct its own stability studies.
https://www.beckershospitalreview.com/pharmacy/pharma-execs-blast-belcher-pharmaceuticals-600-percent-drug-price-hike.html
NCPA Warns FTC and DOJ that Vertical Mergers are Shrinking Patient Access and Trampling Smaller Competitors
The surge in vertical integration in the healthcare industry has created "an oligopoly of integrated healthcare companies controlling nearly all aspects of the healthcare and pharmacy supply chain," said the National Community Pharmacists Association (NCPA) in comments submitted to the Federal Trade Commission (FTC) and the U.S. Department of Justice (DOJ) Antitrust Division.
"These vertical mergers have allowed a handful of massive companies to exercise enormous power over patients and the marketplace. In many cases, we believe they are creating for themselves unfair advantages that are driving up patient costs and killing local businesses," said B. Douglas Hoey, NCPA CEO.
Earlier this year, the FTC and DOJ issued draft guidelines on vertical mergers in the healthcare industry. NCPA submitted comments this afternoon that point out that the three largest PBMs now control more than three quarters of all prescriptions filled in America - equaling over 3.3 billion prescriptions.
"There are 21,000 independent pharmacies in the country. That's larger than any one chain. And they are integral to the national healthcare system. In fact, in many cases, they are the only healthcare providers in their communities," said Hoey. "The big players are systematically trying to muscle them out of business. Stopping that sort of thing is exactly why antitrust protections exist, and we want the FTC and the DOJ to be more vigilant, more active, and more aggressive at enforcing them."
For more information about NCPA, please visit www.ncpanet.org
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