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For the second time in less than a year, the U.S. Federal Trade Commission released a highly critical report of pharmacy benefit managers, which play a crucial but opaque role in the pharmaceutical supply chain. And the findings may provide further impetus for legislative action to curb practices that critics say contribute to the rising cost of prescription drugs.
Eli Lilly’s expectations for sales in the fourth quarter of last year missed forecasts, driven by lower-than-expected sales of its diabetes and obesity drugs Mounjaro and Zepbound. This is another notable stumble for the company after its third-quarter earnings report disappointed. In the fourth quarter, the pharma giant expects to have brought in $13.5 billion in revenue, less than the $13.9 billion that analysts polled by FactSet had forecast.
Amit Mookim, CEO, Immuneel Therapeutics As India continues to advance in healthcare innovation, it is crucial for the government to prioritise funding and policies that make cutting-edge treatments. The recent GST exemption for life-saving gene therapies is a significant step toward enhancing accessibility to advanced treatments. The upcoming budget provides an opportunity to further strengthen Indias position as a global leader in biotech and personalised medicine.
Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.
Get your daily dose of health and medicine every weekday with STAT’s free newsletter Morning Rounds. Sign up here. Good morning! There are just two days left to submit nominations for our annual STAT Madness competition. It’s a bracket-style tournament honoring the best innovation in biomedical research, and a lot of fun.
The government has rejected a call to make over-the-counter (OTC) medicines free of charge to reduce pressure on GPs. In May last year, the previous Health and Social Care Committeerecommendedthat OTC medication should become free for people on low incomes, as part of the Pharmacy First scheme. The aim was to avoid patients continuing to […] The post Government rejects call to make OTC medicines free to reduce GP pressure appeared first on The Pharmacist.
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The government has rejected a call to make over-the-counter (OTC) medicines free of charge to reduce pressure on GPs. In May last year, the previous Health and Social Care Committeerecommendedthat OTC medication should become free for people on low incomes, as part of the Pharmacy First scheme. The aim was to avoid patients continuing to […] The post Government rejects call to make OTC medicines free to reduce GP pressure appeared first on The Pharmacist.
The Indian nutraceutical market is set to grow sixfold by 2030 Kalka Prasad, AVP – Marketing, Crius Life, Crius Group The Indian nutraceutical market is projected to reach $64 billion by 2030. Currently, it stands at around $5-10 billion, which means it is expected to grow approximately sixfold at an annual growth rate of 14 per cent. The trend is definitely upward, and post-pandemic awareness about nutraceuticals has accelerated this growth.
EXCLUSIVE: Community pharmacists across the UK are spending eight hours every week trying to alleviate medicines shortages,a snapshot survey by The Pharmacist has suggested. Sourcing medication is taking time that would otherwise be spent on direct patient care, while the issue is impacting pharmacy teams' wellbeing and relationships with patients and GPs,The Pharmacisthas heard.
The Generic Drug Revolution: Setting the Stage Before we dive into the nitty-gritty, let’s take a moment to appreciate the impact of generic drugs. Did you know that generic drugs now make up about 90% of all prescription drug purchases in the United States, while accounting for only 20% of prescription drug spending[1]? That’s right, these unsung heroes are saving our healthcare system trillions of dollars!
Eli Lilly and Company and Scorpion Therapeutics, a private biotechnology company developing small molecule precision oncology therapies, announced a definitive agreement for Lilly to acquire Scorpion’s PI3K inhibitor program STX-478. STX-478 is a once-daily oral, mutant-selective PI3K inhibitor currently being evaluated in a Phase 1/2 clinical trial for breast cancer and other advanced solid tumours.
Speaker: Simran Kaur, Founder & CEO at Tattva Health Inc.
The healthcare landscape is being revolutionized by AI and cutting-edge digital technologies, reshaping how patients receive care and interact with providers. In this webinar led by Simran Kaur, we will explore how AI-driven solutions are enhancing patient communication, improving care quality, and empowering preventive and predictive medicine. You'll also learn how AI is streamlining healthcare processes, helping providers offer more efficient, personalized care and enabling faster, data-driven
In the fast-paced world of pharmaceuticals, negotiations play a pivotal role in shaping the industry’s landscape. From mergers and acquisitions to licensing agreements and pricing discussions, these complex interactions demand a unique blend of scientific knowledge, business acumen, and interpersonal skills. Let’s dive into the intricacies of pharmaceutical negotiations, exploring valuable lessons, current trends, and strategies for success.
Pharmapack Europe: Basel the best location for drug device innovation in Europe thanks to combination of world class manufacturing and existing biomedical research infrastructure 18 December 2024 Paris, France New research released ahead of Pharmapack Europe the continents largest partnering event for medical device and packaging innovation has ranked the Basel region […] The post Switzerlands Basel Region Crowned Europes Top Destination to Launch a Drug Device Company, According to Ph
Agency commissioners voted unanimously on Tuesday to publish the report, which makes similar allegations against the controversial drug middlemen as the agency’s first report released last summer — but relies on more data.
Managing HR tasks like payroll, compliance, and employee data can overwhelm small businesses. That’s where a Human Capital Management (HCM) solution comes in. Our eBook, Why Every Small Business Needs an HCM Solution: A Comprehensive Guide , shows how an HCM system automates tedious processes, ensuring your business stays compliant and efficient. You’ll learn how to simplify payroll, eliminate costly errors, and empower your employees with self-service tools.
Payroll optimization can be one of the most time-consuming and complex factors of small business management. Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. With the right strategies in place, outsourcing and streamlining payroll processes can result in substantial time and resource savings.
A series of uncertainties that kept dealmaking to a minimum last year could be reversing as pharma reloads pipelines ahead of the patent cliff explosion.
Running a healthcare facility requires precision and care, not just for patients but also for your staff. Our guide, "A Buyer’s Guide to Payroll & HCM Services," helps healthcare providers choose the best provider. Efficient payroll management ensures timely, accurate payments, critical for maintaining staff morale and trust. Compliance support helps navigate complex healthcare regulations and avoid costly fines.
Executives at Amgen made the case for MariTide's differentiation, while Merck's CEO contended that Keytruda's coming loss of exclusivity can be managed.
At the time of writing, out-of-control wildfires are ripping across parts of Los Angeles, leading to at least 24 deaths, burning down hundreds of buildings.
Spotlighting innovation at the SCOPE Summit, finalists for the Site Innovation and Patient Engagement Awards showcase groundbreaking tools, AI solutions, and diversity-driven initiatives set to transform clinical trials.
Access to limited distribution drugs and payer contracts are key to pharmacy expansion. But how do you prepare your operations to take the next step? Meaningful data: Collect and share clinical data regarding outcomes, utilization, and more Reporting: Limited distribution models require efficient tracking and reporting systems Workflows: Align workflows with specific pharma and payer contractual requirements For in-depth, expert insights on pharmacy expansion, watch this webinar from Inovalon.
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