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Morning Briefing

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Wednesday, Dec 13 2017

Full Issue

A Pill To Knock Out Hookworm Costs 10,000 Times More In U.S. Than In Tanzania

News outlets report on stories related to pharmaceutical pricing.

Two pills to wipe out hookworm could cost you 4 cents. Or $400. It just depends where you live.聽The 4 cents is in Tanzania. That'll cover the two pills it takes to knock out the intestinal parasite. But in the United States, where hookworm has re-emerged, the price for two 200 mg tablets of albendazole can cost as much as $400. (Whitehead, 12/11)

Concerned about the veracity of some pharmaceutical marketing, the Food and Drug Administration plans to study the extent to which doctors and consumers can detect deceptive ads.聽In explaining its rationale, the agency reiterated ongoing worries that misleading advertising can generate unnecessary prescribing, but also indicated interest in finding new ways to identify troubling ads, since resources are tight, according to聽this notice. (Silverman, 12/12)

Three more drug makers allegedly relied on schemes in which nurses were used to illegally promote its diabetes medicines to physicians, according to recently unsealed lawsuits. The documents describe how Gilead Sciences (GILD), Amgen (AMGN), and Bayer Pharmaceuticals (BAYRY) hired nurses to talk up treatments to doctors and their patients, an arrangement that purportedly violated federal kickback laws.聽The companies avoided concerns that sales reps might get little to no face time with doctors and simultaneously helped save physicians from the expense of providing follow-up care, according to the lawsuit. The approach is sometimes known as 鈥渨hite coat marketing,鈥 which the lawsuit noted is considered problematic by authorities because it may blur trust between doctors and patients. (Silverman, 12/11)

Alex Azar might have big plans to overhaul how Medicare pays for drugs. At a congressional hearing at the end of November, the nominee to be secretary of Health and Human Services wondered aloud about how to modify a government health insurance program that helps tens of millions of Americans over the age of 65 pay for medicines. Such changes might impact the price of the drugs across the board. (Swetlitz, 12/12)

Merck & Co Inc, maker of the only immunotherapy approved for patients newly-diagnosed with the most common type of lung cancer, could solidify its lead by playing the long game, even as rivals edge closer. Shares of Merck have fallen 10 percent since the drugmaker several weeks ago said it would make survival a main goal of a key lung cancer trial for immunotherapy Keytruda, extending the study by up to a year. (Beasley, 12/11)

Seeking to remake corporate America, a nonprofit has released a ranking of the largest publicly traded companies in the U.S. It is based on issues that its own polling finds are important to the public, such as worker pay and treatment, customer respect, and product quality, among many other things. And while drug makers did not rate in the very highest positions, seven of these companies did fall within the Top 100, starting with Eli Lilly (LLY) at number 28. The others are Biogen (BIIB), Bristol-Myers Squibb (BMY), Johnson & Johnson (JNJ), Celgene (CELG), Merck (MRK), and AbbVie (ABBV). All totaled, 1,000 companies were ranked, and 42 drug companies made the list. (Silverman, 12/12)

America's favorite little blue pill has gotten a聽fairly big price tag over the past 19 years.聽Now聽the costs of聽drugs like Viagra for treating male erectile dysfunction are聽finally coming down.聽Pfizer, the maker of Viagra, on Monday introduced the first official generic version of its聽blockbuster impotence pill.聽The drug costs聽$30 to $35 per pill, about聽half the price of brand-name Viagra. Generic maker聽Teva Pharmaceuticals can聽also introduce its聽own聽Viagra generic聽beginning this week, although the company hasn't announced whether it will. (Reindl, 12/11)

Although Sage Therapeutics鈥 (SAGE) experimental antidepressant has been great for its stock price 鈥 it soared 70 percent on Thursday after the company announced mostly positive results from a Phase 2 clinical trial of the compound it calls Sage-217, and kept climbing on Friday 鈥 the jury is very much out on whether it will ever be good for patients suffering from major depression. (Begley, 12/8)

The Philippine government will demand a refund of 3.5 billion pesos ($69.5 million) from vaccine maker Sanofi Pasteur and look at possible legal action after a study showed the vaccine used in a dengue immunization program could expose some people to severe illness, the health chief said Friday. Health Secretary Francisco Duque III said the government will also seek compensation for treatment of children who may develop severe dengue. No deaths have been confirmed, but at least one immunized child has developed dengue. (Gomez, 12/8)

Three years of gains in a key聽earnings gauge聽are being overshadowed by weak prices for generic drugs and doubts about Acthar, Mallinckrodt鈥檚聽$36,000-a-vial聽prescription drug for聽autoimmune and rare diseases that accounts for more than a third of聽sales. Multiple government聽probes聽of opioid makers聽including聽Mallinckrodt聽have added to the unease, leaving some of the company鈥檚 $5.7 billion of junk-rated debt hovering below 82 cents on the dollar and the shares down more than 55 percent this year. (McNeely, 12/5)

This is part of the Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription.
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