Wednesday, 20 June, 2018

New US drug laws might raise Indian medicines prices

New US drug laws might raise Indian medicines prices New US drug laws might raise Indian medicines prices
Patty Aguilar | 15 May, 2018, 13:43

Activating programs that allow CMS to stimulate drug price negotiation among Medicare Part D plan sponsors has been included in this proposal, as well as efforts to improve the value of drug purchasing programs.

"He is exhausted of the government getting bad deals on the drugs seniors need, and I couldn't agree more", Azar said, in a speech before the briefing.

"Right now, we're asking a pretty straightforward question: What if, instead of the current system where drug companies get paid rebates and middlemen take a cut, we just had fixed-price discounts?"

"I'm not interested in hearing those talking points anymore, and neither is the president", Azar said.

U.S. President Donald Trump on Friday blasted drugmakers and healthcare "middlemen" for making prescription medicines unaffordable for Americans, but healthcare stocks rose as his administration avoided aggressive direct measures to cut prices. The change ultimately pulls down the 20% copays Medicare patients have to cover since those copays are based on the Part B price rather than the 340B discounted price, he said.

The price on Celgene's widely used Revlimid - a connection Evercore ISI's Umer Raffat made in a note this afternoon - was jacked by 20% over the previous year, which means that Medicare patients pay an extra $115 month, moving from $575 to $690 per month, for their share of a drug that had cost $11,500 a month in 2015.

Chad Landmon, an attorney who chairs law firm Axinn, Veltrop & Harkrider's intellectual property and FDA practice groups, told FierceHealthcare that the pharmaceutical industry was holding its breath when talk of a drug pricing plan began. He noted that he'll work with Congress in the coming weeks to pass legislation to address the high prices of medicines. Co-directors of the group, Margarida Jorge and Ethan Rome said that the only winners were the big pharma companies.

"We are going to take on the tangled web of special interests ... the drug lobby is making an absolute fortune at the expense of American patients", Trump said. The proposal, a 44-page plan titled, American Patients First, promises to make generic drugs and biosimilars more accessible. Speaking to reporters alongside Food and Drug Administration Commissioner Dr. Scott Gottlieb and CMS Administrator Seema Verma, Azar suggested using a demonstration or pilot program to move either all Part B physician administered drugs into Part D so plans can negotiate prices or specifically target the drugs that are more expensive in the USA than in other industrialized countries. Patients could see those savings at the pharmacy counter.

Tim Chung Latest News, Photos, and Videos
Jenner later deleted the Instagram post after fans began to question why Kourtney and Khloe were left out. Caitlyn additionally included sons Burt and Brandon Jenner in her sequence of household images.

Ohtani dominant in 6th start as Angels beat Twins 2-1
Cozart went to third on a wild pitch, and after a walk to Mike Trout , scored when Justin Upton grounded into a force play. One out later, Garver scored on a single by Gregorio Petit, who played for the Angels two seasons ago, to make it 5-3.

Cliff Bleszinski Shuts Down Boss Key, Maker of LawBreakers, Radical Heights
He also thanks those who supported himself and Bosskey Productions as well as everyone who worked with him in recent years. For now, Radical Heights servers will stay online, although they will undoubtedly close down before too long.

The administration is considering rules instituting site neutrality that would eliminate or reduce facility fees charged for drugs issued at hospitals and hospital-owned clinics.

While doctors opposed an Obama administration proposal to overhaul this reimbursement structure, Azar and Centers for Medicare and Medicaid Services Administrator Seema Verma thought this change would be welcomed.

"This is a topic the President and I have discussed at great length, and the idea of direct negotiation in Medicare has come up". He said it would take years to restructure the US drug system.

President Trump vowed on Friday to "bring soaring drug prices back down to earth" by promoting competition among pharmaceutical companies, but he dropped the proposals of his presidential campaign, deciding not to have the federal government directly negotiate lower drug prices for Medicare.

Drugmakers have little incentive to negotiate when they know that Medicare's prescription drug plans must cover nearly all drugs in the six "protected classes": antidepressants; antipsychotic medicines, used to treat schizophrenia and certain related disorders; immunosuppressant drugs, to prevent rejection of organ transplants; anti-epilepsy drugs; antiretrovirals, used in treating H.I.V./AIDS; and many cancer drugs.

Forget about reimportation, said Azar.

Maybarduk said the proposal lacks three critical elements that would lead to lower drug prices.

Some critics said Trump's new focus on PBMs allows drug makers to slip off his radar, and industry stocks rose after the speech - a sign that pharmaceutical investors didn't feel threatened by Trump's plan. Some states negotiate supplemental discounts for certain drugs.

Recommended

  • Al-Azhar condemns deadly churches attack in Indonesia

    Al-Azhar condemns deadly churches attack in Indonesia

    Television footage appeared to show a person on a motorcycle driving into the grounds of a church before a bomb was detonated. This bombing comes just a day after a deadly wave of attacks on churches in the city which was staged by another family.
    Nigeria name uncapped Nwankwo in provisional squad

    Nigeria name uncapped Nwankwo in provisional squad

    The Nigerian team will play Democratic Republic of Congo (DRC) in Port Harcourt on May 25, after which the final 23-man squad will be announced.
    PSG turn to Tuchel for Euro success

    PSG turn to Tuchel for Euro success

    There is extraordinary potential at PSG and it is the most exciting challenge I've had presented to me. A falling-out with the Dortmund hierarchy cost him as job, and he had been out of work since then.
  • IPhone explodes in Los Vegas store next to employee

    IPhone explodes in Los Vegas store next to employee

    The incident didn't happen at his shop, but Tartaglio says while iPhone battery explosions are rare they aren't unheard of. Due to the fact that the phone was at a fix shop, there is a strong chance, its batteries were already damaged.
    Government Forces, Taliban Battling In Farah City In Western Afghanistan

    Government Forces, Taliban Battling In Farah City In Western Afghanistan

    He said fighters launched attacks from multiple directions, after which they overran several checkpoints in the city. The province has been the scene of heavy clashes between Taliban and security forces over the past few months.
    Neymar spearheads 'favorites' Brazil's World Cup bid

    Neymar spearheads 'favorites' Brazil's World Cup bid

    It will be the 29-year-old's second World Cup after his participation in his nation's hosting of it back in 2014. Tite said he needs "a pacemaker" in the team, which he has not received from Beijing Guoan's Renato Augusto.
  • YouTube TV app gaining voice remote feature

    YouTube TV app gaining voice remote feature

    Search giant Google has started rolling out a new feature for users who use YouTube TV on their Android devices. You don't need an app update, but you also can't access voice remote yet unless you are chosen by the Google.
    Scientists found a way to transfer memories between animals

    Scientists found a way to transfer memories between animals

    The researchers then injected the RNA from the group of snails who had been shocked into the group which hadn't. And when the RNA was injected in an untrained sea snail, it immediately responded to the shock in the same way.
    UK's MI5 to Say European Alliances Never More Crucial Than Now

    UK's MI5 to Say European Alliances Never More Crucial Than Now

    Russian Federation has repeatedly denied it was involved in the nerve agent attack on Sergei Skripal and his daughter Yulia . Two other attacks took place in London in June, both of them involving vehicles that rammed into passers-by.
  • NY  killer nanny sentenced to life in prison

    NY killer nanny sentenced to life in prison

    Prosecutors argued that Ortega was jealous of Marina Krim's life and lashed out in the worst way possible - at her children. At trial, Ortega's lawyers argued that the woman had been living in a state of depression and had disorders in the psyche.
    Cauvery row: Centre submits draft scheme in Supreme Court

    Cauvery row: Centre submits draft scheme in Supreme Court

    The scheme was the only relief in the judgment for the state, which reduced its water share from to 177.25 tmc ft from 192 tmc ft. The bench, while asking the states to respond to the scheme, posted the matter for further hearing on May 16.
    How to Gift Xbox One and Microsoft Store PC Games Digitally

    How to Gift Xbox One and Microsoft Store PC Games Digitally

    In November past year , Microsoft chose to join the 21st century by introducing Xbox One gifting options to the Microsoft Store. The three LED lights seem to correspond to the programmable functions, with the white button toggling user control schemes.

Tiger Woods shoots 65, his lowest score ever at Players Tiger Woods shoots 65, his lowest score ever at Players Woods' playing partner on Sunday, Jordan Spieth , certainly expects to see the 42-year-old add to his haul of 79 PGA Tour titles. There was a moment Sunday when Simpson bogeyed and Woods was staring down a makeable birdie putt.

Oregon's Primary Election Is Tuesday Oregon's Primary Election Is Tuesday Andre Jacque of De Pere is running against Green Bay businessman Alex Renard for the Republican nomination to the Senate seat. Governor: There are three Republicans running for governor: Paul Mango , Scott Wagner , and Laura Ellsworth .

Hawaii volcano warning as poisonous gas spews from lava Hawaii volcano warning as poisonous gas spews from lava Overall, almost 2,000 people have been told to evacuate since May 3, and lava has destroyed more than two dozen homes. For those who want to see a volcano in action, the lure of Hawaii's Big Island may be getting too much to resist.

CBI names ex-PNB CEO Usha Ananthasubramanian in Nirav Modi case CBI names ex-PNB CEO Usha Ananthasubramanian in Nirav Modi case It has been revealed that these officials did not follow circulars issued by the central bank on the SWIFT control system in 2016. He said the whole system at PNB has failed and the top management has to take responsibility given the magnitude of the fraud.

Arsenal boss Arsene Wenger forecasts European League and 16 team Premier League Arsenal boss Arsene Wenger forecasts European League and 16 team Premier League "I would say it is a county with a special culture", Wenger responded when asked what it was that draws him to the Asian nation. That's what you want and after that you want the style of play, as the manager has an influence on the way you play football.

Watch a trailer for Spike Lee's BlacKkKlansman, produced by Jordan Peele Watch a trailer for Spike Lee's BlacKkKlansman, produced by Jordan Peele The first trailer for Spike Lee's provocative drama BlacKkKlansman has arrived. And based on some early reactions from Cannes , it just might be.

WHO urges global ban on trans fats WHO urges global ban on trans fats The initiative, called REPLACE , offers a "step-by-step" guide for nations to follow to remove trans fat from their diets. It estimated that every year, trans-fat intake leads to more than 500,000 deaths of people from cardiovascular diseases.

Tim Allen's Last Man Standing Renewed For Season 7 At Fox Tim Allen's Last Man Standing Renewed For Season 7 At Fox There aren't a ton of new series on the FOX lineup, but the strategy is largely built around the addition of Thursday Night Football debuting this fall.

Asiana A330 Slices Turkish A321 Tail in Istanbul Asiana A330 Slices Turkish A321 Tail in Istanbul The incident occurred on the ground, as the South Korean jet was taxying past the standing plane of Turkish Airlines company. Video from a surveillance camera shows how the A330 crashed into the stabilizer of a Turkish aircraft.

Mercedes restores order at top with Hamilton's Spanish Grand Prix win Mercedes restores order at top with Hamilton's Spanish Grand Prix win It was gutsy, especially after the criticism they received after failing to take advantage of the safety auto to pit Hamilton in China.

Russian Federation 'meddled' in Catalonia vote Russian Federation  'meddled' in Catalonia vote The radical-left Popular Unity Candidacy (CUP) will be another source of trouble for the new leader. Addressing the parliament on Monday, Mr Torra mentioned " Carles Puigdemont is our president".

Secretary Of State Pompeo Meets With South Korean Counterpart Secretary Of State Pompeo Meets With South Korean Counterpart In the expert's opinion, Trump's statement "won't produce a negative effect on the negotiating process with North Korea". Trump latched on to the belief that he could be the president to bring peace to the Middle East.

Nawaz Sharif turns down NSC's statement Nawaz Sharif turns down NSC's statement On Monday, Pakistan's top civil-military body National Security Committee in a meeting said the recent statement made by Sharif was 'incorrect and misleading'.

Melania Trump hospitalised after kidney surgery Melania Trump hospitalised after kidney surgery Melania Trump, 48, will remain hospitalized for the rest of the week , said a brief statement issued earlier by her office. Melania Trump is the first to go through such a serious medical procedure since Nancy Regan who underwent a mastectomy.

The Full List of Fortnite Battle Royale Season 4 - Week 3 Challenges The Full List of Fortnite Battle Royale Season 4 - Week 3 Challenges Epic Games has taken to Twitter to announce that the new game mode is making its grand return back to the live servers. Next, get ready to get your groove on because you'll also need to dance in front of seven (7) different film cameras.