A new report by Milliman released Thursday found that Silver plans with combined deductibles offered through the Health Insurance Exchanges may require patients to pay more than twice as much out of pocket for prescription medicines overall as they would under a typical employer plan.
Teva Pharmaceutical was denied in its suit to block approval of Mylan's and Sandoz' generic Copaxone, a multiple sclerosis, drug 10 days before the patent on the medication expires, according to a Bloomberg report published Thursday morning.
Propeller Health, the FDA-cleared digital health solution for chronic respiratory disease, earlier this week announced that the Food and Drug Administration granted 510(k) clearance to market its latest generation of the Propeller platform, including a new sensor.
Supervalu, the owner of Cub Foods, along with four Twin Cities-based independent grocery retailers, on Wednesday announced they had each entered into definitive agreements to acquire 18 Rainbow Foods grocery stores from Roundy’s for approximately $65 million plus inventory.
Sun Pharmaceutical Industries last week announced that it notified the Workforce Development Agency for the State of Michigan regarding its decision to stop manufacturing operations and close the Detroit facility.
Seattle Mayor Ed Murray on Thursday unveiled a plan to increase the city’s minimum wage to $15. Although Murray said the hike has broad support across local government, business and labor communities, the City Council still has to vote on the proposal.
Canadian pharmacy retailer Jean Coutu Group posted a lift in fourth-quarter revenues and net profits, demonstrating a “solid performance” in a highly competitive retail environment, the company stated on Wednesday.
"I remember the first time I worked in a pharmacy like it was yesterday. Not only was it fast paced and exhilarating, the work was also meaningful and beneficial to the community. I can hardly believe it’s been close to 20 years since I began behind the counter," writes Jonathon Kopf, pharmacy product manager for Emdeon, in his latest blog post.
Recognized for his nearly five decades of service to pharmacy and chain drug store industry, Tony Civello, chairman, president and CEO of Kerr Drug was awarded the Sheldon W. Fantle Lifetime Achievement Award during the NACDS Annual Meeting.
As lifetime earnings for pharmaceuticals decrease, commercialization expenses increase and payers tighten their belts on reimbursement, life science companies will be faced with shrinking margins over the next few years.