- U.S. lawmakers request info from insulin makers on rising prices (reuters.com)
Two powerful U.S. lawmakers sent letters to the three leading insulin manufacturers...requesting information on why its cost has skyrocketed in recent years and how much the companies profit from the life-sustaining diabetes treatment...Democratic Representatives Frank Pallone and Diana DeGette, the chairman and a top-ranking member of the House Energy and Commerce Committee, respectively, wrote to the heads of Eli Lilly and Co, Novo Nordisk and Sanofi, the long-time leading manufacturers of insulin. The drugmakers have all raised the price of insulin at similar rates over the last several years...“Despite the fact that it has been available for decades, prices for insulin have skyrocketed in recent years, putting it out of reach for many patients,” the lawmakers wrote...
- Insys executive gave doctor lap dance while promoting drug, witness says (reuters.com)
An ex-stripper who became a regional sales director at Insys Therapeutics Inc gave a doctor a lap dance at a Chicago club as the drugmaker pushed the doctor to prescribe its addictive fentanyl spray, a former Insys employee testified...The testimony in federal court...came in the first criminal trial of painkiller manufacturer executives over conduct that authorities say contributed to a U.S. opioid abuse epidemic... Former Insys sales representative Holly Brown told jurors the incident with her boss, Sunrise Lee, took place after Insys began rewarding the doctor for prescribing its opioid product by paying him to speak at educational events about the drug...That Illinois doctor, Paul Madison, is one of several whom prosecutors say Lee and four other former Insys executives and managers including wealthy founder and ex-chairman John Kapoor conspired to bribe to boost sales of the spray, Subsys
- Microsoft, Walgreens deal brings promise of reducing healthcare costs (pharmaceutical-technology.com)
A seven-year venture between tech giant Microsoft Corp and the US pharmacy retail chain Walgreens Boots Alliance is expected to bring competition to the healthcare sector on the back of lower costs...In a deal signed recently – which will see Walgreens use Azure, Microsoft’s cloud-computing platform – the companies signalled their common ambition to take on Amazon.com Inc, another tech giant disrupting the healthcare space...Walgreens will roll out 12 new “digital health corners” for its US stores this year, which have been designed to promote the sale of health-related devices and to help patients manage chronic diseases...The deal will help Walgreens accumulate personalised data about patients’ health, which it said will allow pharmacists to give customised nutrition and wellness solutions using digital devices and apps as well as in-store expert advice...
- Study links opioid epidemic to painkiller marketing (reuters.com)Association of Pharmaceutical Industry Marketing of Opioid Products With Mortality From Opioid-Related Overdoses (jamanetwork.com)
Researchers are reporting a link between doctor-targeted marketing of opioid products and the increase in U.S. deaths from overdoses...In a county-by-county analysis, they found that when drug companies increased their opioid marketing budgets by just $5.29 per 1,000 population, the number of opioid prescriptions written by doctors went up by 82 percent and the opioid death rate was 9 percent higher a year later...“It really doesn’t take much marketing to increase the number of deaths,” lead author Dr. Scott Hadland...Jordan Trecki of the U.S. Drug Enforcement Administration warns that the new analysis only addresses part of the problem...“As the opioid epidemic grows, it is evolving beyond prescription medications and heroin to involve illicitly produced fentanyl, fentanyl-related substances and other opioids, either alone or in combination,”...
- AG will recuse on selecting outside legal help for opioid lawsuit (thenevadaindependent.com)
Attorney General Aaron Ford is seeking an outside firm to represent the state in a major lawsuit against some of the nation’s largest opioid manufacturers...members of the legislative Interim Finance Committee granted the attorney general’s office permission...to open up bidding for an outside law firm to represent the state in litigation against opioid manufacturers. Ford...who...worked for a private law firm that is representing numerous Nevada municipalities in class action lawsuits, also said...that he will recuse himself from selection of outside counsel...State Consumer Advocate Ernest Figueroa, who presented the request to lawmakers, gave few details on the proposed litigation beyond stating that approval from the interim body was a required step under state law. He cited a declaration of findings signed by Ford and Gov. Steve Sisolak on Jan. 23 saying the state likely required additional legal resources to pursue litigation against companies that engaged in “unlawful and deceptive practices marketing of prescription opioids.”
- MMV and DNDi create a response box to foster R&D for pandemic diseases (pharmaceutical-technology.com)
Medicines for Malaria Venture has collaborated with the Drugs for Neglected Disease initiative to create a pandemic response box, which contains 400 structurally diverse antibacterial, antiviral and antifungal compounds to help accelerate the discovery and development of new treatments of pandemic diseases...The response boxes are available free of charge to global researchers from universities and pharmaceutical companies. In return, researchers are expected to publicly share results from research and development based on the compounds within two years of obtaining a box...MMV chief scientific officer Dr Timothy Wells said: The pandemic response box came about in response to the need to be prepared for a future global health emergency...Open innovation is one of the keys to unlocking new potential for drug discovery and tapping into existing expertise to kickstart new research efforts...
- More than two dozen companies required to submit reports on diabetes drug costs have not complied (thenevadaindependent.com)
Nearly 40 drug companies and pharmacy benefit managers submitted reports to the state detailing the costs associated with manufacturing and selling essential diabetes drugs by this month’s deadline, though almost as many have yet to report...27 drug companies identified as manufacturers of essential diabetes drugs have yet to report to the state. Scott Jones, manager of the Primary Care and Health Workforce Development Office, said in an email that the state will be reaching out to those companies to inform them of the law and obtain the required reports. (If they refuse, the state is allowed by law to impose a fine of $5,000 a day.)...
- Insulin has become so expensive that this diabetic is trying to make his own (cnbc.com)
Insulin is a life-saving drug for diabetics. Since 2002, the price has more than tripled and some diabetics can’t afford it. People have died rationing their doses, and some are turning to other countries to buy it at a cheaper price...Now, there’s a team of biohackers called the Open Insulin Project in Oakland, California who are trying to make it...The project was co-founded by Anthony Di Franco. He’s a type 1 diabetic who is trying to prove there are easier, cheaper ways to make insulin rather than rely on the big manufacturers like Eli Lilly, Novo Nordisk and Sanofi.
- EMA moves its headquarters from London (pharmaceutical-technology.com)EMA lays cornerstones for new Amsterdam headquarters (fiercebiotech.com)
The European Medicines Agency has begun its relocation from its headquarters in London to the organisation’s new location in Amsterdam, the Netherlands...In early January, Dutch authorities handed over a temporary building for EMA staff...the staff relocation into will be finalised on 30 March 2019...It is hoped that the move to a temporary location in time for the UK’s planned departure from the EU in March 2019 will allow the agency to remain operational during the relocation...The relocation is because the EMA must have its HQ in a European member state, meaning after the UK voted to leave the EU in 2016, the EMA had to choose a new location...
- U.S. insulin costs per patient nearly doubled from 2012 to 2016: study (reuters.com)
The cost of insulin for treating type 1 diabetes in the United States nearly doubled over a five-year period, underscoring a national outcry over rising drug prices...A person with type 1 diabetes incurred annual insulin costs of $5,705, on average, in 2016. The average cost was roughly half that at $2,864 per patient in 2012...the jump in spending was driven primarily by higher insulin prices overall and, to a lesser extent, a shift toward more expensive insulin products. Average daily insulin use rose only 3 percent over the same five-year period...The findings come amid new outrage over the cost of prescription drugs in the United States, the highest in the world...