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STAT+: FTC slams PBMs for boosting specialty drug prices at the expense of the U.S. health care system

STAT

billion in revenue by dispensing medicines to treat cancer, HIV, heart disease and other serious illnesses at prices that exceeded their estimated acquisition costs between 2017 and 2022. The FTC noted in its report that so-called specialty generic drugs represent a large and growing amount of spending by plan sponsors and patients.

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STAT+: Belgian anti-trust authorities probe Roche for allegedly delaying biosimilars of two cancer meds

STAT

Belgian anti-trust regulators are probing Roche over concerns that the drug company took steps to delay the entry of biosimilar versions of two of its cancer medicines. The agency also maintained Roche disseminated “erroneous information” about using biosimilars in combination therapy.

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STAT+: Teva agrees to pay $450 million to settle kickback and price-fixing allegations

STAT

Separately, the drugmaker agreed to pay $25 million to settle charges of participating in a price-fixing scheme with other generic companies. At the same time, Teva steadily raised the price of its drug by thousands of dollars.

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Making Medicines Affordable: The Role of Generics

Drug Patent Watch

The FDA has also demonstrated that greater competition among generic drug makers can lead to lower generic drug prices. Studies have shown that the market entry of just a few generic competitors can yield generic prices below the brand price, and that generic drug prices decline with additional competition.

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STAT+: Brazil dismisses antitrust complaint against Gilead over pricing for a hepatitis C drug

STAT

In their filing , which was made in 2019, the groups argued that “unlawful conduct” carried out by Gilead had hurt the public interest, because its prices led the government to ration the Sovaldi medication. Continue to STAT+ to read the full story…

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STAT+: Merck fined $39 million by Spain’s antitrust regulator for ‘serious’ violation

STAT

In explaining its decision , the National Markets and Competition Commission, or CNMC, pointed to a 2017 court action in which Merck accused another company, Insud Pharma, of violating a patent for a vaginal ring called Nuvaring, the only such product sold in Spain at the time.

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UK fines Advanz £100m for raising thyroid drug price tenfold

pharmaphorum

Advanz hiked the price of a pack of liothyronine tablets – used to treat thyroid hormone deficiency – from £20 in 2009 to £248 in 2017, taking advantage of a lack of competition for the drug even though it was out of patent. The post UK fines Advanz £100m for raising thyroid drug price tenfold appeared first on.