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Disruption in healthcare is coming

World of DTC Marketing

PBMs, insurers, pharma companies, and hospitals don’t want to give up their profits even if it’s better for the general population. Then there is the cost of generic drugs. bilĀ­lion in 2020 if it had purĀ­chased 77 of 89 drugs from Cuban’s firm.

Pharmacy 227
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PBMs and insurers want your prescription money

World of DTC Marketing

Pharma companies have very little control over patients’ prices for their Rxs. A drug’s out-of-pocket cost is primarily the result of decisions made by insurance companies and pharmacy benefit managers (PBMs). Insurers and PBMs have even devised schemes to overcharge patients for generic drugs.

Pharmacy 226
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Cybersecurity in pharma: Securing the future

Pharmaceutical Technology

Earlier this year, Sun Pharmaceutical Industries , one of Indiaā€™s largest generic drug producers, reported a major cybersecurity breach , impacting its business operations. Pharma companies around the world have also faced similar threats , some of which have impacted national security and public health.

Genomics 276
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Teva shares slide as it faces illegal kickback charges from US government

pharmaphorum

Teva mainly administered the scheme through its specialty pharmacy, Advanced Care Scripts (ACS) with payments amounting to around $300 million during the period, according to the complaint. During that period Teva raised the price from around $17,000 per year to over $73,000 per year, the DoJ alleges.

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Pharmaā€™s climate change vulnerability and opportunity

pharmaphorum

Pharma companies are ā€œhighly vulnerableā€ to the effects of climate change, due to their reliance on global networks. To meet the growing demand and market opportunity, a pharma company must ensure it has the resources, capacity, and supply chain to grow.ā€. Vulnerability . Making plans is not enough.

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Californiaā€™s low-cost insulin plans receive $100m manufacturing boost

Pharmaceutical Technology

CivicaRx is a non-profit generic drug company producing affordable insulin biosimilars in collaboration with the Juvenile Diabetes Research Foundation (JDRF). Most of the US insulin market is controlled by three pharma companies: Sanofi, Eli Lilly, and Novo Nordisk. In-house manufacturing the norm.

Insulin 328