Prescription drug prices fell 3.1% over the 12 months ending in July — the steepest annual decline in more than six decades, according to the Bureau of Labor Statistics’ Consumer Price Index report released Aug. 12. The prescription drug index…
Pharmacy
Fifty-six percent of employer clients of “Big Three” pharmacy benefit managers — CVS Caremark, Cigna’s Express Scripts and UnitedHealth Group’s Optum Rx — are thinking about switching in the next one to three years. The 2026 “Pulse of the Purchaser”…
When Valhalla, N.Y.-based Westchester Medical Center Health Network recruited its chief pharmacy officer, Urshila Shah, PharmD, CEO David Lubarsky, MD, gave her an ambitious task: launch an in-house specialty pharmacy within six months. The health system met that goal. The…
AstraZeneca’s board scrapped merger talks with Bristol Myers Squibb on Aug. 3, days after reports emerged that the companies were discussing a roughly $400 billion tie-up, according to an Aug. 11 report from the Financial Times. The two companies had…
The FDA has rejected a radiopharmaceutical therapy from ITM Isotope Technologies Munich that was positioned to compete with Novartis’ leading treatments in the space. The agency issued a complete response letter for ITM-11, also known as 177Lu-edotreotide, saying it cannot…
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San Francisco-based Hims & Hers plans to start selling compounded peptides by the end of 2026, with six more to follow pending final FDA rulemaking, executives said Aug. 10. The direct-to-consumer telehealth company laid out a phased rollout on its…
AbbVie and Novartis each sued Illinois Aug. 7 in the Northern District of Illinois, seeking to block the state’s new 340B contract pharmacy law. Three days later, a federal judge in South Dakota dismissed three lawsuits from AbbVie, AstraZeneca and…
Only 10 health systems in the country currently hold ASHP’s Certified Center of Excellence designation, a distinction built on a rigorous document review and a multiday on-site survey of medication-use safety and pharmacy practice. Becker’s spoke with pharmacy leaders behind…
The University of Arizona R. Ken Coit College of Pharmacy in Tucson received a full accreditation term for its Doctor of Pharmacy program, the longest term granted by the Accreditation Council for Pharmacy Education. The program is accredited through June…
The FDA’s Molecular and Clinical Genetics Panel of the Medical Devices Advisory Committee will meet Sept. 23 to discuss and vote on Grail’s premarket approval application for its Galleri blood test, according to a notice published Aug. 10 in the…