Mike Mozart

Generic Drug Companies Could Soon Face Criminal Price-Collusion Charges

The pharmaceuticals industry has come under heavy scrutiny in recent years for soaring prices, though much of the attention has focused on name-brand drugs with no or minimal competition. However, multiple news reports now claim that some generic drug companies could soon face federal criminal charges over allegations that they colluded on price. [More]

M

Report: Defense Department Overpaid $54 Million For EpiPens

It looks like taxpayers didn’t just overpay for EpiPens purchased through Medicaid. According to a new report, the Department of Defense has been paying almost full retail price for the expensive emergency allergy treatment. [More]

Pharmaceutical Companies Accused Of Colluding To Delay Generic Version Of Popular Cholesterol Drug

Pharmaceutical Companies Accused Of Colluding To Delay Generic Version Of Popular Cholesterol Drug

If you’ve got a patent-protected drug that’s bringing in more than $1 billion a year in sales, you stand to lose a significant chunk of that revenue when the patent expires and lower-cost generic versions come on the market. A California prosecutor alleges that a number of drug companies illegally colluded in a nearly decade-long “pay-for-delay” deal intended to prevent the release of a cheaper competitor to a popular cholesterol drug. [More]

Phillip Bradshaw

Administrator: Mylan Has Overcharged Medicaid For EpiPen By At Least 10%

Though the EpiPen emergency allergy treatment has been around for decades, the increased demand for the drug and its soaring price tag have caused Medicaid spending on EpiPen to go from around $66 million in 2011 to $365 million in 2015. All this time, claims Andrew Slavitt, Acting Administrator for the Center for Medicare & Medicaid Services, Mylan’s parent company has been shortchanging Medicaid on rebates. [More]

Senators Ask DOJ To Investigate Mylan Over Possible EpiPen Medicaid Fraud

Phillip Bradshaw

EpiPen maker Mylan might have thought that dealing with the public shaming of a congressional hearing would be the low point of its ongoing price-hike scandal, but lawmakers continue to scrutinize the drug company and are now calling for a federal investigation into the possibility that Mylan was deliberately mis-categorizing the emergency allergy medication in order to reap bigger payments from Medicaid. [More]

Cost Of Prescription Skin Gel Goes From $226 To $9,561 In Under Two Years

Cost Of Prescription Skin Gel Goes From $226 To $9,561 In Under Two Years

Stop us if you’ve heard this one before: there’s a drug out there that does a very specific thing, and has no generic alternative. For years, it sold for a predictable three-figure price point. Then one day, if gets acquired by a new company and in just a few months, the price increases by more than 4000%. It is, unfortunately, such a common tale of late that we all know the general outline by heart. And now it seems to be happening again.

[More]

Phillip Bradshaw

Here’s Why You Shouldn’t Order Your EpiPens From Canada

One solution that some families have used in response to the soaring cost of Mylan’s EpiPen, an essential product for people with life-threatening allergies, is to order the product from a cheaper pharmacy in Canada instead. While this might appear to be a solid plan, the problem is that “Canadian” pharmacies aren’t always necessarily what they claim to be online. [More]

mowabby

Diabetes Patients Are Losing Limbs And Sight Because They Can’t Afford Insulin

Earlier this week, we shared the concerns of patients who are struggling with the rising cost of EpiPens, injection devices that can save lives in the case of a severe allergic reaction to foods or other substances. The important thing about EpiPens, though, is that patients hope to never actually need to use them. Another drug with significant recent price increases, insulin, has to be taken every day… when patients can afford it. [More]

Joel Zimmer

5 Reasons Prescription Drug Prices Are Going Up For Many Americans

If you feel like you’re paying more for medication, you’re not alone. A new investigation from our colleagues at Consumer Reports finds that one-third of Americans are seeing higher prices for prescriptions, and one-in-six people chose to avoid getting a prescription filled because of the cost. So what’s behind the increased cost of staying well? [More]

Feds Say Drug Company Illegally Blocked Lower-Cost Generics From Entering Market

Feds Say Drug Company Illegally Blocked Lower-Cost Generics From Entering Market

When a drug patent nears its end, drug companies sometimes do really stupid, potentially illegal things to delay or prevent their bottom line being dinged by a lower-cost generic version. One drug company is accused of not just paying off a generic drug maker to delay the release of its version of two medications, but further hurting consumers by agreeing to not compete with the generic. [More]

Dem Gains Make Big Pharma Queasy

Dem Gains Make Big Pharma Queasy

In other news, Democratic control of Congress cured our dyspepsia. — BEN POPKEN