Genoa said that the acquisition was part of its strategy to improve patient care at the community mental health centers it partners with amid a shortage of psychiatry providers. The acquisition marks the launch of Genoa Telepsychiatry.
The APhA on Oct. 28, along with the National Association of Chain Drug Sotres, the American Society of Health-System Pharmacists, the National Community Pharmacists Association and Walgreens, held its third annual Capitol Hill Health Fair, providing flu vaccinations and health screenings. The event was also partly sponsored by U.S. Rep. Buddy Carter, R-Ga., who is a registered pharamacist (pictured). (APhA)
The New York Times reported Tuesday that embattled drug maker Turing Pharmaceuticals, which made headlines when it acquired Daraprim and raised the price by more than 5,000% overnight, had announced a planned drop in price by the end of 2015. The Times pointed out that the 10% decrease. “Since acquiring Daraprim three months ago, our top priority has been to ensure that patients who need Daraprim have ready, affordable access to it,” Turing said in a letter. (New York Times)
The Regulartory Affairs Professionals Society is reporting that as part of the recently passed budget deal that the president signed Monday, generics companies whose prices rise beyond the Average Manufacturer Price that’s adjusted for inflation will have to pay higher rebates. “The amount of the rebate specified in this paragraph for a rebate period, with respect to each dosage form and strength of a covered outpatient drug other than a single source drug or an innovator multiple source drug of a manufacturer, shall be increased in the manner that the rebate for a dosage form and strength of a single source drug or an innovator multiple source drug is increased,” the act says. (RAPS)