Supply Chain

In 2015, the Food and Drug Administration approved 45 new drugs. This year, the agency has only approved 19, reports Business Insider.

New York City-based Pfizer earned approval from the Food and Drug Administration for its topical drug Eucrisa, reports Reuters.

Here are the five latest drugs or medical devices approved by the Food and Drug Administration.

While hospitals are not factories and patients are not cars, health systems can learn valuable logistics lessons from the automotive and retail industries, according to Mark Graban, author of the book Lean Hospitals.

The Food and Drug Administration approved a new product Wednesday to repair cartilage defects in the knee.

Indianapolis-based Eli Lilly unveiled Tuesday a new discount program for its insulin products. Under the program, which begins in January, patients who pay full price for insulin will be able to access a 40 percent discount, reports the Chicago Tribune.

Robotics is one of the fastest-growing trends in logistics right now, with more distribution centers turning to the technology to improve workflows and boost efficiency.

Sioux Falls, S.D.-based MedVantx Pharmacy Services and Pittsburgh-based UPMC Health Plan continue to expand their ongoing partnership to provide free, full-course samples to increase medication adherence.

With 2016 coming to a close, the global drug industry is set to receive the lowest annual amount of new drug approvals from the Food and Drug Administration since 2010, reports Reuters.

The Food and Drug Administration recently approved Synjardy XR, a diabetes medication developed by Indianapolis-based Eli Lilly & Co. and Ridgefield, Conn.-based Boehringer Ingelheim Pharmaceuticals.