Colorado has received FDA approval to import lower-cost prescription drugs from Canada, a move state officials said could reduce healthcare costs for residents. The approval allows the Colorado Department of Health Care Policy & Financing to move forward with a…
Pharmacy
The nation’s three largest pharmacy chains have been shrinking for years. Rite Aid filed for bankruptcy and shuttered about 800 stores, CVS has closed 900 locations while Walgreens announced plans to close 1,200 more. The cumulative effect: in 46% of…
The FDA has granted accelerated approval to Tzield (teplizumab) to delay the decline in endogenous insulin production in children ages 8 to 17 years recently diagnosed with stage 3 Type 1 diabetes. The approval makes Tzield the first disease-modifying therapy…
Illinois will provide $24.7 million in funding to 434 pharmacies through the Illinois Pharmacy Support Program. The program was created to support pharmacies at risk of closure or financial strain, particularly those serving rural areas, low-income communities and populations with…
For years, pharmacy inventory management at Houston-based Texas Children’s relied on a process familiar to many health systems: manual counts, visual inspections and a significant amount of guesswork. Technicians routinely counted inventory across the health system’s 13 pharmacy satellite locations,…
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UnitedHealth Group subsidiaries and the Federal Trade Commission have reached a tentative agreement as of June 12 that would resolve allegations the companies had “created a broken rebate system that inflated insulin drug prices,” the FTC said in 2024. Pharmacy benefit manager Optum Rx and its…
Express Scripts, the pharmacy benefit manager under Cigna’s Evernorth Health Services, filed a federal lawsuit June 12 against Tennessee officials regarding the state’s Freedom, Access and Integrity in Registered Pharmacy Act, also known as the FAIR Rx Act. According to…
Ahold Delhaize USA has agreed to pay $40 million to resolve allegations that it violated the False Claims Act and state analogs by reporting inflated “usual and customary” prices on claims submitted to Medicare Part D, Medicaid and TRICARE. The…
Blood Cancer United, a nonprofit focused on blood cancer research, advocacy and patient support, has acquired the remaining supply of investigational therapy luveltamab tazevibulin to preserve access for children with CBFA2T3-GLIS2-rearranged acute myeloid leukemia through the FDA’s compassionate use pathway.…
Portland, OR.-based MaineHealth Pharmacy will open its first retail storefront location June 14. MaineHealth Pharmacy will offer medications, specialty pharmacy services and vaccinations, according to a June 10 news release. The location includes a drive-through option and is open to…