Merck & Co. raised the list price of five drugs, including its blockbuster cancer treatment Keytruda, in November, despite heightened pressure on drugmakers in the U.S. to lower costs of medications, according to Reuters.
Pharmacy
Biopharmaceutical company Amgen is migrating the "vast majority" of its cloud infrastructure to Amazon Web Services, Amazon said Nov. 27.
An average hospital pharmacy department is typically responsible for a budget of $10-15m which is comparable to a mid-sized business in the U.S. With pharmaceutical costs continuing to rise at greater levels than hospital inflation, health systems must examine opportunities…
Ending a monthslong auction process, drug giant GlaxoSmithKline has begun exclusive negotiations to sell its nutrition business to consumer goods company Unilever, according to The Financial Times.
Healthcare costs are moderating year over year, with one exception: costs for specialty drugs.
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Despite the FDA promising that Teva Pharmacuetical's generic EpiPen would offer patients a "lower-cost option," the lifesaving allergy medication will launch with a price tag of $300 per pack — the same list price Mylan charges for its authorized generic…
Pfizer's consumer healthcare division voluntarily recalled six lots of ThermaCare HeatWraps over their potential to cause burns, blisters and other skin irritations.
CMS issued a proposed rule Nov. 26 that would allow insurers to implement broader use of step therapies or drop coverage of certain protected classes of drugs if price increases outpace inflation. Below is a breakdown of the winners and losers under…
German pharma giant Bayer AG is considering selling some consumer health brands to bolster finances, according to Reuters.
Even with health insurance, 42 percent of Americans struggle to pay for their prescription medications, according to a new GoodRx survey.