prescription drugs

Sarah Braun

Doctors Call On Big Pharma To Advertise Retail Prices Of Prescription Drugs

Think of the last prescription you had filled: You probably know how much you had to pay the pharmacy, but do you have any idea of the full sticker price for that medication? With many drug prices soaring, the nation’s largest physicians organization has called on the pharmaceuticals industry to be more transparent about the sometimes huge price tags on their products. [More]

Joel Zimmer

New Safety Risks Found In 1-In-3 Drugs After FDA Approval

No one wants patients to have to wait longer for access to potentially lifesaving new drugs, and the newly approved head of the Food and Drug Administration has made it clear that he intends to speed up current approval processes when possible. However, a new study says safety risks were found in around one-third of all new FDA-approved medications after they had been okayed for use by the agency. [More]

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EpiPen Maker Mylan Sued State That Gave Preferred Status To Cheaper Alternative

As the price for the EpiPen emergency allergy treatment soared by some 600%, Medicaid regulators in one state tried to de-prioritize the drug in favor of a less-expensive alternative. EpiPen’s parent company Mylan could have lowered the price on its signature product, but instead it chose to sue the state. [More]

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EpiPen Maker Mylan Accused Of Raising Price To Pay “Kickbacks” To Pharmacy Benefit Managers

The EpiPen emergency allergy treatment was pushed into the spotlight last year over concerns about its skyrocketing price and the lack of any real competition for a product that had been around for decades. A new federal lawsuit alleges that Mylan — the company that acquired EpiPen ten years ago — raised its prices in order to provide bigger kickbacks to the companies that help determine which drugs your insurer will and won’t cover. [More]

CVS Selling Generic Alternative To EpiPen For Fraction Of The Price

CVS Selling Generic Alternative To EpiPen For Fraction Of The Price

Until the recent launch of the generic EpiPen, the only affordable competitor available to the emergency allergy treatment was Adrenaclick, but that drug was hard to find and some pharmacies charged nearly as much as they did for EpiPen. Now CVS says it is selling two-packs of an authorized generic of Adrenaclick at about one-sixth of the price tag for brand-name EpiPen. [More]

Steven Depolo

Pharmacists Will Hand Over Drug Combinations That Could Kill You About Half The Time

Most chain pharmacies want you to feel safe ordering from them, and so their ads tout the skill, expertise, and personal touch of their tools and personnel. They promise available pharmacists who have computers who alert them to danger, and who can then tell you things like, “Hey, you shouldn’t take these together; it will kill you” if there’s a problem. [More]

KogeLiz

Bristol-Myers Squibb Agrees To Pay $19.5M Over Improper Marketing Of Medication

Prescription medication, when used properly and safely, can provide needed relief to consumers suffering a wide range of illnesses or physical conditions. However, those medications must be marketed and advertised properly. That apparently wasn’t the case for a antipsychotic prescription drug manufactured Bristol-Myers Squibb (BMS). As a result, the company has agreed to pay $19.5 million in a settlement with 42 states and the District of Columbia.  [More]

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After Confusion Over EpiPen Profits, Lawmakers Want Proof Of Drug’s Actual Costs

When Mylan CEO Heather Bresch recently testified before the House Oversight Committee, she claimed that the company only made $50 per EpiPen, in spite of charging $608 per two-pack of the emergency allergy medicine. Mylan then said it makes around $80/EpiPen — a figure that lawmakers still doubted. Now the leadership of the Oversight Committee is asking Mylan to clear things up for everyone by turning over documents that actually show how much the company makes from EpiPen. [More]

David Blackwell

One Free Meal From A Pharma Sales Rep May Be Enough To Change Doctors’ Prescribing Habits

Your physician may have any number of degrees, honors, certifications, and other framed pieces of paper mounted to their office walls, but does any of that make them less susceptible to a glad-handing pharmaceutical sales rep who comes armed with some reading materials, free samples, and a lunch charged to their expense account? [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]

Steven Depolo

How Well Do You Know The Real Names Of The Drugs You Take?

Ads for prescription and over-the-counter drugs are everywhere, so much so that we’ve become accustomed to hearing and seeing the brand name of a medication immediately followed by a parenthetical containing the generic name [ex: Valtrex (valacyclovir)], but how well have we been paying attention to these ads? Are we now so savvy that we immediately know that Chantix is the trade name for varenicline, or have we become so inured to these ads that we aren’t paying any attention? [More]

frankieleon

Drug Companies Subpoenaed Over Questionable Charity Connections

Whenever there is a report of a drug company jacking up the price of a prescription medication, the pharma industry is often quick to point out that there are non-profit charities ready and willing to help patients get these drugs at a more affordable rate. However, those charities may have very close ties to the drug maker that could not only help the company turn a profit, but avoid some tax obligations. In recent months, several large pharmaceutical companies have been subpoenaed as part of an ongoing federal investigation into these connections. [More]

Michael G. Chan

Health Insurers Looking To Pay Less When Drugs Don’t Work As Advertised

If a drug maker says their new prescription medication will reduce cholesterol by a certain percentage, or that it will counter symptoms of some chronic illness, but it doesn’t quite live up to its marketing, should the insurance companies still pay the price they originally agreed to? A growing number of insurers are making deals that tie the price of a drug to its real-world performance. [More]

CharlesWilliams

New Warning Labels Coming To Opioid Painkillers

A week after the Centers for Disease Control and Prevention called on physicians to stop prescribing opioid painkillers when less-problematic therapeutic treatments will do the trick, another federal agency is joining in the effort to alert consumers to the potential risks of using these frequently prescribed medications. [More]

Martin Shkreli Pleads The Fifth To Everything, Even When Asked About Wu-Tang Clan

Martin Shkreli Pleads The Fifth To Everything, Even When Asked About Wu-Tang Clan

Like a small child who refuses to eat his dinner but remains steadfast at his seat until his parents finally relent and let him go to his room, controversial pharmaceuticals investor Martin Shkreli — best known for jacking up the price of an important HIV treatment by 5,400% in a single day — sat before a Congressional panel this morning and repeatedly cited his Fifth Amendment right against self-incrimination, even when it involved his expensive taste in hip-hop. [More]

What Does It Take To Get On The FDA’s “Most Wanted” List?

What Does It Take To Get On The FDA’s “Most Wanted” List?

We all know that law enforcement agencies like the FBI and Interpol publish lists of fugitives wanted for things like murder, armed robbery, terrorism, and kidnappings. But did you know that the Food and Drug Administration also maintains a list of “Most Wanted” fugitives? [More]

American Medical Association Calls To Ban Ads For Prescription Drugs, Medical Devices

American Medical Association Calls To Ban Ads For Prescription Drugs, Medical Devices

In the future when you tune in to watch the big game or your favorite primetime show there might be something missing during the commercial break: ads for prescription drugs and medical devices. The American Medical Association proposed a ban on such advertisements Tuesday, claiming the marketing may be driving consumer demand for unnecessary and expensive treatments.  [More]

Senate Investigating Drug Companies Behind Huge Overnight Price Hikes

Senate Investigating Drug Companies Behind Huge Overnight Price Hikes

A handful of pharmaceutical investors have been snapping up the rights to previously affordable prescription drugs, only to immediately raise prices to the point where patients now pay hundreds of dollars for a single pill — resulting in huge additional costs for consumers, insurers, and healthcare providers. Not only has this practice drawn the ire of the medical community, it’s also resulted in a Senate committee investigation. [More]