- Citing a COVID-19 portfolio review—not lawsuits—J&J pulls baby powder from U.S. market (fiercepharma.com)
Johnson & Johnson says it's pulling its talc-based powders from the U.S. and Canadian markets. But the move comes as the drugmaker faces thousands of personal injury lawsuits over the product's safety—and as demand has fallen due to years of publicity about the legal fight...In response to the COVID-19 pandemic, J&J stopped shipping certain products—including its iconic baby powder—back in March to allow its factories to make high-demand medicines and to allow workers to spread out for social distancing reasons, the company said in a statement...Now, it's permanently discontinuing about 100 products, including its talc-based powders...READ MORE
- Trump administration signs up new company to make COVID-19 drugs in U.S. (reuters.com)Trump picks little-known U.S. firm to spearhead $354M pandemic drug pact (fiercepharma.com)How Civica helped under-the-radar Phlow nab a $354M COVID-19 manufacturing deal (fiercepharma.com)HHS-Industry Partnership to Expand US Stockpile of Essential Drug Ingredients During Pandemic (drugtopics.com)
U.S. President Donald Trump’s administration awarded a contract worth up to $812 million for a new U.S. company to manufacture drugs and drug ingredients to fight COVID-19 on American soil, aiming to end dependence on other countries...The administration has been looking to build up the ability to produce drugs and their raw materials in the United States after the global pandemic exposed the industry’s dependence on China and India for its supply chain...The U.S Department of Health and Human Services said it had awarded a four-year, $354 million contract to privately-held Phlow Corp to make COVID-19 drugs, other essential drugs and their ingredients. The contract - which is for generic drugs, not more complicated products like vaccines - can be extended to a total of $812 million over 10 years...READ MORE
- Teva bails on price-fixing settlement in gamble on its role fighting COVID-19: report (fiercepharma.com)
Federal prosecutors turned up the heat in recent months on a generic price-fixing probe that targeted some of the industry's biggest players before COVID-19 slowed the hunt. Teva, the biggest target in that investigation, has reportedly bailed on settlement talks in a decision meant to test the government's resolve...Teva walked away from negotiations with federal prosecutors, daring the U.S. Department of Justice to pursue criminal price-fixing charges against the drugmaker at a time when it's part of the COVID-19 pandemic response...Teva is betting that its role in aiding the U.S. coronavirus response, including donating millions of doses of antimalarial hydroxychloroquine sulfate to hospitals, will put the Justice Department in a bind on its decision to file charges...READ MORE
- May 2020 Snapshot: The Impact of COVID-19 on Health Plans From a Pharmacy Point-of-View (pharmacytimes.com)
Despite the unprecedented impact of coronavirus disease 2019 (COVID-19) on the economy and society, its impact on the health plan enterprise appears to be practical and functional rather than strategic and financial. This conclusion comes from a pilot study with health plan decision-makers...“business as usual."...READ MORE
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Maintain Commercial Membership
Shift to Medicaid and Affordable Care Act Markets
New Product Launches
- Rx for anger, as Nellis lockdown bars military retirees from pharmacy (reviewjournal.com)
When retired Navy Chief Petty Officer Richard Gray and his wife, Sheila, were able to go to the Nellis Air Force Base pharmacy, they picked up their prescriptions with full coverage and no copayment...But now their only option is off base, and the 16 medications they take between them cost upward of $2,000 a month out of pocket at Walgreens...Under the base’s public health emergency called on April 3 and renewed May 4 in response to the coronavirus outbreak, only uniformed members and their dependents and essential civilian contract employees are allowed on base, including the pharmacy...The Nellis pharmacy was placed off limits for retirees on April 10, leaving thousands of local military widows and retirees, many of them living on fixed incomes, locked out of the no-cost medication to which they are entitled. Now they are subject to copays that can quickly add up to hundreds of dollars...READ MORE
- Moderna Reports Positive Early Data for COVID-19 Vaccine Candidate (drugtopics.com)Moderna taps $1.34B stock offering to bankroll its promising COVID-19 vaccine (fiercepharma.com)
Moderna announced new interim clinical data results for its coronavirus disease 2019 (COVID-19) vaccine candidate from a phase 1 study...The investigational vaccine, called mRNA-1273, was launched...on March 16, making it the first trial to be started in humans for a vaccine for this virus...Tal Zaks, MD, PhD, chief medical officer at Moderna, said in a statement. “When combined with the success in preventing viral replication in the lungs of a pre-clinical challenge model at a dose that elicited similar levels of neutralizing antibodies, these data substantiate our belief that mRNA-1273 has the potential to prevent COVID-19 disease and advance our ability to select a dose for pivotal trials.”...Moderna expects to begin its phase 3 study in July 2020...READ MORE
- Pharmacy Board Loosens Restrictions on Hydroxychloroquine Prescriptions, Reversing Course (thetexan.news)Coronavirus: Trump says he’s been taking hydroxychloroquine for a ‘few weeks’ (independent.co.uk)Trump’s use of malaria drug likely to be welcomed in India (apnews.com)Opinion: Hydroxychloroquine at the Center of COVID-19 Discussions (drugtopics.com)Is Big Pharma Suppressing Hydroxychloroquine? (americanthinker.com)
The Texas State Board of Pharmacy issued a new rule that no prescriptions for hydroxychloroquine could be dispensed without a diagnosis, then changed their tune...On March 20...issued a new rule that no prescriptions for hydroxychloroquine or azithromycin could be dispensed without a diagnosis “consistent with evidence for its use.”...Over six weeks after the original rule was published, the Texas State Board of Pharmacy has recently changed its guidance to pharmacists...The website now says, “The rule does not prevent a physician from prescribing one of these drugs for an off-label use. Please note, the intended use for the drug is not required if the practitioner determines the furnishing of this information is not in the best interest of the patient…”READ MORE
- Trump’s Vaccine Czar Has Vast Ties to Drug Industry, Posing Possible Conflicts (dnyuz.com)
The chief scientist brought on to lead the Trump administration’s vaccine efforts has spent the last several days trying to disentangle pieces of his stock portfolio and his intricate ties to big pharmaceutical interests, as critics point to the potential for significant conflicts of interest...Moncef Slaoui, is a venture capitalist and a former longtime executive at GlaxoSmithKline. Most recently, he sat on the board of Moderna...He resigned when President Trump named him last Thursday to the new post as chief adviser for Operation Warp Speed, the federal drive for coronavirus vaccines and treatments...In agreeing to accept the position, Dr. Slaoui did not come on board as a government employee. Instead, he is on a contract, receiving $1 for his service. That leaves him exempt from federal disclosure rules that would require him to list his outside positions, stock holdings and other potential conflicts. And the contract position is not subject to the same conflict-of-interest laws and regulations that executive branch employees must follow...READ MORE
- NACDS COVID-19 Report: Top Reopening Priorities and How Pharmacies Can Help (drugtopics.com)Pharmacies: A Vital Partner in Reopening America (nacds.org)
Rapid coronavirus disease 2 (COVID-19) testing, contract tracing, and preparing for vaccines and treatments are the 3 key priorities as the United States reopens, NACDS said in a new report...Pharmacies: A Vital Partner in Reopening America...The organization also urged that additional steps should be taken to ensure that pharmacists and pharmacies are fully utilized to support this national effort...READ MORE
- Pharmacists Granted Authority to Order, Administer COVID-19 Tests in California (pharmacytimes.com)
On Tuesday, May 12, Governor Gavin Newsom granted California’s 47,000 pharmacists the ability to order and administer coronavirus disease 2019 (COVID-19) tests throughout the state. His current objective is to test 60,000 California residents per day. After receiving a request for this expanded authority for pharmacists from the California Pharmacists Association, Newsom recognized that granting pharmacists the ability to test in the state would make that objective possible...READ MORE