Author: Peter

House Speaker Nancy Pelosi's senior adviser on healthcare pitched the California representative's drug plan to a ballroom full of insurance industry players...and called on them to support the bill...Wendell Primus tried to convince the crowd that a united coalition could weather pharma's influence if it included insurers, doctors, hospitals, the public and the AARP..."I have no reason to underestimate the influence of pharma in this town, and they are going to work very hard to defeat this bill," Primus said in Washington during a conference held by the insurance lobby America's Health Insurance Plans...Jennifer Bryant, senior vice president of policy and research for PhRMA, the lobbying group for the pharmaceutical industry, said the bill would give the government sweeping authority that she said should give those in the ballroom pause...READ MORE

New technology, enabling consumers to read packaging labels written in any language, will become the norm for the pharmaceutical industry within 12 months...A prototype video, shown on the Third Aurora website, demonstrates the solution with a prototype package being translated from English to Spanish, German, Russian, and Japanese...Behind the scenes, two technologies are at work. According to Chaffey, “Artificial intelligence reads and interprets the content and augmented reality projects the new text back onto the label.”...READ MORE

As Purdue Pharma undertakes the laborious bankruptcy process, plaintiffs in thousands of opioid suits are looking to lock in settlement funds from the stripped-down drugmaker. Purdue—for its part—is hoping to secure incentives for its employees in the meantime...Purdue has asked permission to pay out more than $34 million in annual and long-term incentives to its employees as the company undergoes a court-supervised restructuring, according to a Chapter 11 motion filed...in the Southern District of New York...READ MORE

Five of the largest pharmaceutical manufacturers—Eli Lilly, Janssen, Merck, Novartis, and Sanofi—have now publicly reported the 2018 gross and net price changes for their U.S. product portfolios, along with average discounts from list price…These reports shed light on the heated political rhetoric and policy proposals that focus on drugs’ list prices. The reality: brand-name drug makers sold their products at half of those list prices. As you will see, the five companies discounted their average list prices by 44% to 55%...READ MORE

FDA released two guidance documents relating to the regulation of various digital health software devices...The first is a draft guidance outlining categories of clinical decision support products that would or would not require direct regulatory oversight from the agency. This is an update to a CDS draft guidance released in 2017, with the noteworthy addition of a risk-based categorization approach for determining enforcement over these tools...The second is a final guidance that brings several existing medical software policies from the agency into accordance with provisions outlined in 2016’s 21st Century Cures Act. In particular, the document describes certain types of software products that will no longer fall within the agency’s definition of a medical device...READ MORE

Laura Joszt, Managing Editor at The American Journal of Managed Care. Welcome to This Week in Managed Care from the Managed Markets News Network

Nicole Grassano, PTNN, Pharmacy Week in Review, this weekly video program provides our readers with an in-depth review of the latest news, product approvals, FDA rulings and more.

Penn Foster announced...that its unique upskilling platform for health care has been selected by Walmart as part of an ambitious initiative designed to prepare workers for opportunities in high-demand health professional fields. A pioneer in middle-skills training, Penn Foster’s digital platform enables employers to deliver on-demand, career-specific coursework through a blended online and work-based learning skills development program...Walmart’s 1.5 million associates in the U.S. will now be able pursue roles as opticians or pharmacy technicians through a flexible, online curriculum that costs learners just $1 per day...READ MORE

Politicians and headlines regularly describe U.S. drug prices as “skyrocketing." But new data from analysts at SSR Health show prices haven't been growing as fast as they were—and the amount payers actually shell out is falling...In the second quarter, list prices in the U.S. grew 3.1%, compared with a 4.6% increase during the same period last year. After rebates, prices fell 5.8% during the second quarter, compared with a 6.1% drop after rebates during last year’s second quarter...The net pricing changes typically reflect a mix of increases and decreases across the industry—among various products, companies and market segments—but this time around, “literally no products, companies, or market segments" displayed big net price increases...READ MORE

As U.S. officials press a massive case for alleged generic drug price fixing, authorities in the U.K. have unearthed an example of rivals working a little too closely with each other...King Pharmaceuticals and Alissa Healthcare Research, which both sold the antidepressant drug nortriptyline, admitted to exchanging "commercially sensitive information" in order to keep prices high...The U.K.'s Competition and Markets Authority said...it had found the companies exchanged info about prices, volumes and market entry plans for their drugs...READ MORE