After working on separate medications for years, pharma giants Novartis AG and Pfizer will collaborate to develop combination treatments for a liver disease. Experts predict a highly lucrative market for such treatments, Reuters reports.
Pharmacy
Beginning Dec. 1, biopharmaceutical company Lonza will lay off 60 people at its manufacturing plant in Maryland, according to a Maryland WARN notice.
In June, reports surfaced that Amazon planned to acquire PillPack for a hefty $1 billion. However, Amazon's purchase of the mail-order pharmacy technically cost less than that, according to Amazon's latest filing with the Securities and Exchange Commission.
Pharma giant Merck saw a turnaround in the third quarter of 2018, reporting a profit of $1.95 billion. In the same quarter of last year, the drugmaker saw a $56 million loss due to one-time expenses.
Three pharma giants — Amgen, Genentech and Regeneron — will be hit harder than others if President Donald Trump's proposal to lower the cost of expensive physician-administered drugs moves forward as planned, according to a STAT news report.
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In his latest effort to lower prescription drug prices in the U.S., President Donald Trump proposed Oct. 25 that Medicare pay for certain prescription drugs based on the prices other economically similar countries pay, according to The New York Times.
The 16th National Prescription Drug Take Back Day is Oct. 27.
Pharmacists play a critical role in driving pharmacy success and improving the patient experience.
Pharma giant Amgen slashed the price of its injectable cholesterol medication Repatha by almost 60 percent after its rival announced a similar move earlier this year, according to CNBC.
Express Scripts will lose about $20 billion in revenue once its contract with Anthem expires at the end of 2019, according to Fitch Ratings.