Pharmaceutical Technology

DECEMBER 15, 2022

In June, generic drug manufacturing giants wrote to the EU to request help with rising costs so that their products remain viable. It also stresses that some pharma manufacturers are at risk of having gas rationed or being unable to continue manufacturing due to high prices.

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pharmaphorum

DECEMBER 15, 2022

A pharma industry organisation has warned that record levels of revenue clawback from the UK government is threatening “footprint, R&D and manufacturing investments” in the country. Next year we must start again with a clean sheet of paper to agree on what an internationally competitive scheme looks like.”

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Pharmaceutical Technology

OCTOBER 25, 2022

Understanding both the significant competitive advantages that FDC products can offer, and the difficulties and potential pitfalls associated with development and manufacturing of FDC drugs in oral solid dosage forms is a critical first step for companies exploring this approach. Developing and manufacturing FDCs factors to consider.

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PM360

SEPTEMBER 21, 2023

Attention deficit hyperactivity disorder (ADHD) drug Vyvanse (lisdexamfetamine dimesylate) , manufactured by Takeda, also is facing generic competition. In the respiratory area with inhalers, it’s tough to get drugs approved, so the competition comes slowly,” he said.

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PM360

APRIL 7, 2023

However, we expect drugs without strong therapeutic alternatives to have an advantage in negotiations, while drugs in highly competitive classes will be negotiating from a weaker position. In the near term, manufacturers may need to reconsider price increase strategy given inflation penalties for Medicare beneficiaries.

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Clarivate

JULY 5, 2023

The Biosimilars Forum has hailed 2022 as a watershed year that could create a more competitive U.S. biologics market and reduce prescription drug costs. In 2022, it made its manufacturer, AbbVie, $21.2bn. Clarivate research indicates biosimilar competition will drive down prices and relative market share of HUMIRA ® in the U.S.

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European Pharmaceutical Review

NOVEMBER 8, 2022

In the current US Congressional session, Congress has focused heavily on legislation directed at reducing prescription drug prices. The new law will also require drug manufacturers to pay rebates to Medicare if they increase drug prices faster than consumer inflation. 5) monitoring access to biosimilars.

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PM360

FEBRUARY 1, 2024

The landscape is highly competitive with new prescription medications launching worldwide each year. Early shaping of the label during clinical trial design, risk mitigation, and avoiding approval delays are crucial for seizing a competitive advantage.

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Pharmaceutical Technology

JANUARY 6, 2023

In 2020, the Federal Trade Commission issued a report regarding settlements reached between brand and generic manufacturers in FY 2017 and noted that “for the first time since [FY] 2004, no settlement agreement in [FY] 2017 contains a no-[authorized generic] AG commitment.”. Throughout 2022, Novartis was at the opposing ends of legal cases.

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PM360

APRIL 7, 2023

This program, powered by GoodRx, bills itself as: “Free prescriptions, plus hundreds of prescriptions for $6 or less with membership.” These prescriptions fall into the same boat as the other two offerings—generic medications for some of the most common conditions.

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Clarivate

OCTOBER 25, 2023

While more expensive than type 2 diabetes drugs, blood thinners follow a similar pattern of high prescription volumes. In both cases, a shift in formulary placement could lower prescription volumes and reduce member utilization. exclusions exist for orphan drug designation and biosimilar competition ). With 27.5%

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Pharmaceutical Representative Training

JANUARY 29, 2025

These high prices are the result of multiple factors: theyre derived from living organisms making them sensitive and complex for both manufacturers and patients, research requires advanced technology to test for safety and effectiveness, and theyre in high demand without much competition. billion and $13 billion in 2023, respectively.

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Pharmaceutical Technology

DECEMBER 4, 2022

Others are made by big pharma giants like Boehringer Ingelheim , Novartis , or Pfizer , which has raised the expectations for a competitive market. . Although AbbVie will now face competition from these products, it has built a strong market for Humira, says Hlávka, adding that it will likely continue reporting significant revenues.

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pharmaphorum

JULY 15, 2022

A district court judge later overturned the first verdict, but a US appeals court in 2020 reinstated the $235 million judgment against the generics manufacturer. GSK claimed patent infringement, but Teva argued that the ‘000 patent should not apply as it was granted after it launched its generic.

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pharmaphorum

JANUARY 22, 2023

Promotional content refers to anything that could be interpreted as persuasive activity by manufacturers or distributors in order to induce the prescription, purchase, or supply of certain products. Conversely, non-promotional content means neutral and primarily informative — a ‘no-sell’ strategy.

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Contrarian Sales Techniques

NOVEMBER 19, 2024

On one hand, it opens the door for generic manufacturers to step in, offering more affordable options to patients. On the other hand, original manufacturers often face tough competition, as the market becomes flooded with alternatives. For companies like ours in Malaysia, this creates both opportunities and challenges.

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Medico Reach

AUGUST 28, 2024

Gen AI-powered chatbots help in speeding up the processes of client registration, routing and scheduling, dealing with frequently asked questions (FAQs) and information technology (IT) helpdesk ticketing, and giving out information on prescriptions and refills. Their role is to record and thus generate summarized clinical notes.

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World of DTC Marketing

JUNE 16, 2021

This includes about one in five who report that they have not filled a prescription or took an over-the counter drug instead, and about one in ten who say they have cut pills in half or skipped a dose. The public sees profits made by pharmaceutical companies as the largest factor contributing to the price of prescription drugs.

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Rep-Lite

JANUARY 3, 2024

Medical sales representatives typically work for pharmaceutical companies, medical device manufacturers, or healthcare service providers. Pharmaceutical Sales Reps: They promote prescription drugs and treatments to healthcare providers in hospitals, clinics, and doctor’s offices. The competitive atmosphere can get pretty intense.

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Rep-Lite

JUNE 28, 2023

Generally, entry-level positions offer competitive base salaries with the opportunity to earn significant bonuses or commissions based on performance. Additionally, advanced degrees such as an MBA or specialized certifications can provide a competitive edge in the industry.

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Contrarian Sales Techniques

FEBRUARY 29, 2024

Compensation and benefits Competitive payout but may be lower than experienced representatives : At entry-level positions, you’re generally offered a base salary, but sales incentives structures may also be implemented, which (unfortunately) can limit earning potential based on performance. This could include therapeutic areas (e.g.,

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World of DTC Marketing

NOVEMBER 8, 2021

The Medicare prescription drug pricing plan Democrats unveiled is not nearly as ambitious as many lawmakers sought, but they and drug policy experts say the provisions crack open the door to reforms that could have dramatic effects. The post Medicare prescription drug plan is a good first step.

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Evolve Your Success

MARCH 12, 2024

There isn’t any prescription when it comes to a type of organization that I would help. Nonprofits, manufacturing, healthcare, you name it. There is no competition. If you’re a competitive culture, what competitive games do you put in the break room? I absolutely love what I do.

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pharmaphorum

JANUARY 24, 2023

In this final instalment of IQVIA EMEA Thought Leadership’s Nine for 2023 three-part series, focusing on issues that will change the direction of healthcare and the pharmaceutical industry this year, three key competitive issues for pharmaceutical companies in 2023 are assessed. Medicines manufacturing is energy intensive.

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Pharmaceutical Technology

MAY 31, 2023

The US Food and Drug Administration (FDA) has proposed a new model for prescription medication guides for brand name and generic drugs, to increase accessibility and reduce medication nonadherence. The agency describes the current system as “confusing, conflicting, incomplete, or repetitive”, based on study data.

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Pharmaceutical Technology

DECEMBER 22, 2022

Theft, fraudulent prescriptions and unsanctioned distribution by patients and medical practitioners are the most common ways in which legal fentanyl products are illegally secured. Fentanyl was first synthesised in 1959 and introduced to markets in the 1960s as a pain relief drug. A dangerous future.

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Healthcare Success

MAY 9, 2022

Ready to start leveraging QR code technology and stay ahead of your competition? Denso Wave is a leader in developing and manufacturing automatic data capture devices for barcodes, QR codes, and radio-frequency identification (RFID). . Prescription refills. Patient verification. Drug information . Elderly care. Patient payment.

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Pharmaceutical Technology

APRIL 21, 2023

The US Drug Enforcement Agency (DEA) will hold the 24th National Prescription Drug Take Back Day to gather unwanted, old or expired medication for safe disposal , on April 22. According to the agency’s website, this event aims to prevent the circulation of unused prescription drugs that could potentially harm American citizens.

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Pharmaceutical Technology

MAY 26, 2023

The FDA has flagged this issue as pharmacies selling prescription drugs illegally have proliferated over the years. The US Food and Drug Administration (FDA commissioner Dr. Robert Califf says, “The illegal sale of prescription drug stimulants online puts Americans at risk and contributes to potential abuse, misuse, and overdose.”

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pharmaphorum

JANUARY 9, 2023

Deglobalisation has, however, not gone away and 2023 will see acceleration of this trend, manifested in the following: Lower- and middle-income countries (LMICs) were exposed to medicine supply issues because of the pandemic, as they lacked both funds to secure supply and their own manufacturing capacity. Pharma boxed in?

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Healthcare Success

MAY 9, 2022

Ready to start leveraging QR code technology and stay ahead of your competition? Denso Wave is a leader in developing and manufacturing automatic data capture devices for barcodes, QR codes, and radio-frequency identification (RFID). . Prescription refills. Patient verification. Drug information . Elderly care. Patient payment.

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Pharmaceutical Technology

JULY 23, 2008

.” While Pfizer is currently testing 18 medicines targeted against pancreatic, breast and lung cancers, figures released by the Pharmaceutical Research and Manufacturers of America [PhRMA] in April 2008 reveal that research companies are currently testing a record-breaking 750 experimental cancer drugs in America alone.

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Pharmaceutical Technology

APRIL 21, 2023

On March 29, 2023, the US Food and Drug Administration (FDA) granted approval that made Narcan the opioid treatment drug to be sold without a prescription. Narcan is recommended for use immediately after a suspected or known opioid overdose. 2021 was a year of continued innovation and change in the Biopharmaceutical industry.

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PM360

NOVEMBER 21, 2024

Adam with his family Greatest Achievements and Activism Adam said his greatest professional achievement is the launch of Keytruda, a prescription immunotherapy drug used to treat many types of cancer, which Merck manufactures and sells. It was the first PD-1 inhibitor to receive U.S. Food and Drug Administration (FDA) approval.

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Pharmaceutical Technology

MAY 1, 2023

GSK’s leading competitor, Pfizer also has a pending Prescription Drug User Fee Act ( PDUFA ) date for its RSV vaccine, PF-06928316 or RSVpreF, which is aimed at individuals ages 60 years and above, for May 31. GAVI has created a market for the pharmaceutical companies to be able to develop enough doses for these LMIC markets.

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PM360

NOVEMBER 21, 2022

The brands that can adapt the fastest and be the most valuable to the user will stand out in the growing competitive space. Many patients are more engaged in their health than just a few years ago, and are having frank conversations in the exam room with their providers about the cost of care, including prescription medications.

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PM360

SEPTEMBER 28, 2022

In April 2022, we released an article describing proposed policies from the federal government that could impact prescription drug pricing. With major IRA provisions going into effect over the next few years, it is critical for drug manufacturers to understand and prepare for the implications to their business.

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