- AstraZeneca share price: Drugmaker opens new $224m factory in Russia (invezz.com)
AstraZeneca Plc opened a new $224-million factory in Russia…The move is intended to reinforce the group’s long-term commitment to the country which is one of the drugmaker’s key emerging markets…it…opened a new manufacturing and packaging plant in the Kaluga region southwest of Moscow…largest foreign investment in the construction of a new pharmaceutical facility in the country…the plant to reach full capacity in 2017 and to produce about 40 million packs and 850 million tablets of some 30 medicines every year, which represents more than 60 percent of the medicines the company sells in Russia...
- J&J chalks up a win in first Tylenol liver-damage case to go to trial (fiercepharma.com)
Johnson & Johnson scored a victory in the first case to go to trial over claims that its blockbuster painkiller Tylenol (acetaminophen) causes liver damage and its dosing doesn't adequately account for the risk. A New Jersey jury ruled that the plaintiff did not prove that she took the painkiller… plaintiff …claims that she spent a week in the hospital for liver damage after accidentally overdosing on Extra Strength Tylenol…The news provides J&J/McNeil with an early win as it stares down about 220 lawsuits in state and federal court in New Jersey and Pennsylvania. The first federal trial is set for next year in Philadelphia, where about 200 of the cases are consolidated…
- RelayHealth counts $25 billion in ICD-10 claims already (healthcareitnews.com)6 glaring and disruptive ICD-10 glitches (healthcareitnews.com)
ICD-10 claims "are flowing successfully," to the tune of approximately $25 billion thus far…"Now the industry must be ready to tackle the next set of challenges: timely and correct reimbursement,"…tracking…days until final bill, an important metric that will signal just how disruptive the code change is to the industry… days until final bill has averages 14.8 days since the Oct. 1, but most of those claims were coded in ICD-9. There are still a few weeks until the wave of ICD-10 claims begin to be paid…troubles with ICD-10 could be felt soon… we continue to anticipate a groundswell of issues in getting claims out the door and an increase in denials and rejections...
- The world’s first female sex drug could spur similar meds (finance.yahoo.com)
Safety issues with first female libido pill (Addyi,flibanserin) may spur better alternatives for women...Most women with low sexual desire won't rush to get the first prescription drug to boost female libido when it becomes available…But they may…spur development of better treatments for women's sexual problems after more than a decade of neglect by most of the world's large drugmakers…Treatments for women's libido issues are an untapped financial opportunity for drugmakers. Analysts estimate the market could be worth over $2 billion, based on academic estimates that between 5 million and 9 million U.S. women may suffer from desire disorders.
- Indian drug manufacturers face higher costs with bar-code requirement (fiercepharmaasia.com)
Small and medium-sized Indian drugmakers are decrying a move by the government to impose new bar-code requirements and say the action shows the government is taking sides with big multinational players to elbow out smaller competition. The larger companies are saying the move is necessary to protect the country's reputation…Pharmaceutical companies in India are now required to establish a "parent-child" relationship with all drugs from Oct. 1, which means a bar code will be used on every drug strip that goes into a unique package…The regulation is an attempt to track the origins of a shipment and to stamp out fake drugs. Indian officials representing the smaller drug companies believe they will be forced out of business because of the requirement.
- Japan’s Daiichi Sankyo to cut as many as 1,200 U.S. jobs in reorganization (fiercepharmaasia.com)
…Daiichi Sankyo will cut as many as 1,200 jobs in the U.S. as it braces for the loss of patent protection on top treatment Benicar (olmesartan) and shakes up the organization for a transition to a specialty portfolio in cardiovascular, pain management and oncology. "As we face the loss of exclusivity in the coming year of our largest product, we also look ahead to great opportunities...The cuts will come in the head office at Parsippany, New Jersey, and field-based sales…
- 5 ways to fuel patient engagement (healthcareitnews.com)
We can’t just say we need more and more people engaged, we need to have particular targets'…There's little question that patient engagement is one of the most promising trends in healthcare today…the potential – in terms of cost-savings, personalized patient care and healthier populations …The reality…is that the industry has a long way to go before reaching the Holy Grail of patients harnessing technologies to own their own healthcare and more effectively interact with caregivers and clinicians… five things that need to happen for patient engagement to move from the abstract to the concrete:
- It's time to end information asymmetry
- Less engagement, not more
- Understand what really matters
- Design matters but senses are the real opportunity
- The natural next step: hard science
- U.S. oncology group rates blood cancer regimens, including cost (reuters.com)
…most influential source for U.S. oncology treatment guidelines…unveiled ratings aimed at helping doctors and patients assess the costs versus benefits of current therapies for two types of blood cancer…National Comprehensive Cancer Network…its new "Evidence Blocks" for multiple myeloma and chronic myelogenous leukemia are the first in a series that by the end of next year will encompass all oncology therapies, other than surgery or radiation… These are crafted to provide a little bit more information about cost, effectiveness, safety - all those things that the NCCN guidelines in the past haven't provided...The blocks give each therapy a score of between one and five in five categories: efficacy, safety, quality and consistency of evidence and affordability.
- Richard Branson: Treat Drugs as a Health Care Issue (bloomberg.com)Finally – a change in course on drug policy (virgin.com)
Sir Richard Branson…talks with Betty Liu about the criminalization of drugs and his release of a report from the United Nations suggesting treating drugs a health care issue and whether or not the United States is trying to suppress the report.
- CHIME 2015: 5 ways providers can improve the patient experience (fiercehealthit.com)
Despite the best intentions of medical professionals, patients often don't feel as if their voices are being heard in the care process… that providers can do more to improve care results and the consumer experience…five ideas for providers to bridge that disconnect:
- Engage patients as equal partners in the care process
- Focus on listening
- Tell patients to seek a diagnosis, not a test
- Bring care to patients
- Take better advantage of available data








