Prescription Drug News and Research

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MarkMonitor Brandjacking Index reveals growth in pharmaceutical brandjacking for popular drug brands

MarkMonitor®, the global leader in enterprise brand protection, today released the company’s latest Brandjacking Index®, which finds a parallel online system of pharmaceutical supply and demand fueled by continued growth in listings for pharmaceuticals on business-to-business (B2B) exchange sites as well as increased traffic to illicit pharmacies. The report also reveals a growth in pharmaceutical brandjacking for popular drug brands.

28 Sep 2009

NCPA commends U.S. Senate Finance Committee's approval of the Cantwell amendment

The National Community Pharmacists Association (NCPA) today commended the U.S. Senate Finance Committee for approving by unanimous, voice vote an amendment by U.S. Sen. Maria Cantwell (D-WA) to lower health care costs through common-sense disclosure requirements for any pharmacy benefit manager (PBM) participating in the health insurance exchanges envisioned in Chairman Max Baucus’ (D-MT) America’s Healthy Future Act.

26 Sep 2009

Cantwell amendment will raise cost of prescription drugs: PCMA

“America’s pharmacy benefit managers (PBMs) believe strongly in the principle of transparency and empowering payers to make informed health-care purchasing decisions resulting in lower prescription drug costs and higher quality. Regrettably, today’s amendment moves the health care system in the opposite direction.”

26 Sep 2009

Biden emerges as health care messenger

The vice president took the stage Wednesday for the administration's health reform campaign with a talk with seniors at Leisure World in suburban Maryland. The Associated Press reports: "Vice President Joe Biden sought to reassure nervous seniors Wednesday that they won't see cuts in their Medicare benefits if the nation's health care system is revamped. ...

26 Sep 2009

GOP to stall confirmation of HHS nominees, due to flap over insurers' letters to seniors

Debate continues about the administration's reaction to letters sent by insurers to seniors about health overhaul.

25 Sep 2009

Dyax to present an update of its clinical development programs

Dyax Corp., a developer of novel biotherapeutics for unmet medical needs, announced today that Gustav A. Christensen, President and Chief Executive Officer of Dyax, will present at the Fourth Annual JMP Securities Healthcare Focus Conference, being held October 5-6th at The New York Palace Hotel in New York City, NY.

25 Sep 2009

Members of HealthSpring to receive costs of administering the H1N1 flu vaccination

HealthSpring will cover the costs of administering the H1N1 (swine) flu vaccination to its members as the vaccine becomes available.

25 Sep 2009

Procedural amendments take on political weight as Finance Committee debates health bill

Democrats on the Senate Finance Committee considered, and then rejected, a Republican amendment that would have required legislative language of a health reform bill be posted for three days before the panel could vote on the bill. Democrats will post conceptual language instead.

25 Sep 2009

Democrats woo AARP, seniors to support health reform bills

"Though AARP hasn't endorsed Obama's health care drive, many of its priorities are reflected in Democratic bills, including reducing gaps in Medicare prescription drug coverage and eliminating Medicare patients' costs for preventive care. This has led some Republicans to question AARP's true loyalties" (Fram, 9/23).

24 Sep 2009

Second-quarter fiscal 2010 results announced by Rite Aid

Rite Aid Corporation today reported revenues of $6.3 billion and a net loss of $116.0 million or $.14 per diluted share for its fiscal second quarter ended August 29, 2009. Adjusted EBITDA was $216.5 million or 3.4 percent of revenues.

24 Sep 2009

SXC Health Solutions raises $203.3 million from public offering of its common shares

SXC Health Solutions Corp. ("SXC" or the "Company") (NASDAQ: SXCI, TSX: SXC) announced today that it successfully completed its previously announced public offering of 5,175,000 of its common shares at a price to the public of $41.50 per share, which includes 675,000 shares sold pursuant to the exercise of the underwriters' over-allotment option.

24 Sep 2009

Walgreens ensures that all its pharmacies can provide Tamiflu

Less than a month after launching the largest flu prevention initiative in the company’s 108-year history, Walgreens is taking proactive measures to ensure its nearly 7,000 pharmacies can provide the suspension - or liquid - form of seasonal flu-fighting drug Tamiflu this season. Following Tamiflu manufacturer Roche’s notification that Tamiflu Oral Suspension is in short supply, Walgreens pharmacies in all 50 states are prepared to compound Tamiflu capsules into the liquid form to produce an Oral Suspension prescription. Tamiflu capsules remain in adequate supply.

24 Sep 2009

PCMA releases statement regarding the Senate Finance Committee’s ongoing deliberations on health-care reform

“As the Senate Finance Committee continues to craft legislation, the next 48 hours will be critical in determining whether health reform delivers on the promise of making prescription drugs more affordable for all Americans. With nearly $245 billion spent annually on prescription drugs, Americans want the peace of mind that comes from knowing that reform makes common-sense improvements that lower the cost of prescriptions for everyone.

24 Sep 2009

New report on seniors and health insurance reform released

Vice President Joe Biden and Health and Human Services (HHS) Secretary Kathleen Sebelius today hosted a town hall meeting with seniors in Silver Spring, Md., and released a new report, Health Insurance Reform and Medicare: Making Medicare Stronger for America’s Seniors.

24 Sep 2009

States extend, create new programs for vulnerable; In Texas, home health a problem

New outlets report on a variety of health stories at the state level including a new program that provides prescription drug help and routine medical care to low-income people in Iowa, an assurance that poor children will be able to keep their insurance in California and recognition that home health agencies waste Medicare dollars in Texas.

24 Sep 2009

FDA endorses Covidien's REMS program for EXALGO tablets

Covidien (NYSE:COV), a leading global provider of healthcare products, today announced that it presented information to members of a U.S. Food and Drug Administration (FDA) Advisory Committee on the New Drug Application and proposed Risk Evaluation and Mitigation Strategy (REMS) program for EXALGOTM (hydromorphone HCl extended release) tablets, an opioid formulation.

24 Sep 2009

UBC acquires Gigamoto Technology Partners to implement risk management programs

United BioSource Corporation (UBC) today announced the acquisition of Gigamoto Technology Partners, Inc. (Gigamoto), a Pennsylvania-based software development company providing leading-edge technology solutions in support of drug safety and risk management programs for the life sciences industry.

23 Sep 2009

AAA Assurance Corporation of Vietnam and International Medical Group sign historic agreement

International Medical Group®, Inc. (IMG®), a worldwide leader in designing, distributing and administering global health care benefits, signed a historic agreement in Ho Chi Minh City with the joint stock company, AAA Assurance Corporation of Vietnam.

22 Sep 2009

Nasdaq Stock Market issues noncompliance letter to A.P. Pharma

A.P. Pharma, Inc. (Nasdaq:APPA), a specialty pharmaceutical company, today announced that, on September 15, 2009, the Company received a letter from The Nasdaq Stock Market (Nasdaq) indicating that the minimum closing bid price of its common stock had fallen below $1.00 for 30 consecutive trading days, and therefore, A.P. Pharma was not in compliance with Marketplace Rule 5450(a)(1).

21 Sep 2009

The 2009 National Pharmacy Study ranks Prescription Solutions second among mail order pharmacies

Prescription Solutions, a leading pharmacy benefits management (PBM) organization and a UnitedHealth Group (NYSE:UNH) company, today announced that it received the highest rankings for customer service and cost competitiveness factors among mail order pharmacies in the J.D. Power and Associates 2009 National Pharmacy StudySM.

21 Sep 2009

Prescription Drug News and Research

MarkMonitor Brandjacking Index reveals growth in pharmaceutical brandjacking for popular drug brands

NCPA commends U.S. Senate Finance Committee's approval of the Cantwell amendment

Cantwell amendment will raise cost of prescription drugs: PCMA

Biden emerges as health care messenger

GOP to stall confirmation of HHS nominees, due to flap over insurers' letters to seniors

Dyax to present an update of its clinical development programs

Members of HealthSpring to receive costs of administering the H1N1 flu vaccination

Procedural amendments take on political weight as Finance Committee debates health bill

Democrats woo AARP, seniors to support health reform bills

Second-quarter fiscal 2010 results announced by Rite Aid

SXC Health Solutions raises $203.3 million from public offering of its common shares

Walgreens ensures that all its pharmacies can provide Tamiflu

PCMA releases statement regarding the Senate Finance Committee’s ongoing deliberations on health-care reform

New report on seniors and health insurance reform released

States extend, create new programs for vulnerable; In Texas, home health a problem

FDA endorses Covidien's REMS program for EXALGO tablets

UBC acquires Gigamoto Technology Partners to implement risk management programs

AAA Assurance Corporation of Vietnam and International Medical Group sign historic agreement

Nasdaq Stock Market issues noncompliance letter to A.P. Pharma

The 2009 National Pharmacy Study ranks Prescription Solutions second among mail order pharmacies

Leveraging the power of automation to boost research

Automating research - solutions and best practices

How can microdialysis benefit drug development

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