Morning Briefing
Summaries of health policy coverage from major news organizations
Perspectives: Congressional Investigation Into MS Drugs Is A Pageant We've Seen Before
Things are about to get awkward for makers of drugs targeting multiple sclerosis. On Thursday afternoon, House Democrats聽sent letters聽to prominent biopharma companies that sell MS treatments including Biogen Inc., Novartis AG, Roche Holding AG, and Sanofi, demanding a variety of information about the large and, according to the letters, often seemingly concerted price hikes they have taken as part of an "in-depth investigation." As would be expected, the news sparked a decline in the drugmakers' shares. (Max Nisen, 8/18)
Their price monopolies are likely to be extended under a draft executive order promising 鈥済reater intellectual property protection鈥 in multilateral and bilateral trade agreements. The North American Free Trade Agreement, for example, has already been pegged to harmonize foreign intellectual property standards to reflect those found in the United States. Canada, it seems, will be the first target of U.S. indoctrination. (Brook K. Baker and Katrina Geddes, 8/21)
Biosimilars -- the equivalent of generic drugs for complicated and expensive medicines made by living cells -- are supposed to reduce prices and save the health care system billions of dollars聽by finally bringing competition to blockbuster drugs. But as Bloomberg News has chronicled,聽they've been slow to gain traction.聽聽Groundwork for an acceleration may come as soon as September.聽That's when the two biggest pharmacy benefit managers, CVS Health Corp. and Express Scripts Holding Co. -- middlemen that negotiate with drugmakers to lower prices for health plans -- will provide an update about which drugs that treat inflammatory conditions they'll cover and which聽they'll exclude in favor of聽competitors. Among those drugs is Remicade, Johnson & Johnson's best-selling medicine, which faces聽two biosimilar competitors. (Max Nisen, 8/17)
Congressional Democrats recently released "A Better Deal," their new economic platform. It calls for many reforms, such as expanding vocational programs and strictly enforcing anti-trust laws, that would benefit working-class Americans. But one of the proposals -- letting the government "negotiate" Medicare prescription drug prices -- would be disastrous. If it were implemented, 40 million Americans with Medicare drug coverage could lose access to vital prescriptions. That's not a better deal. (Gary A. Puckrein, 8/22)
Republican efforts to repeal and replace Obamacare may have collapsed, but as Northern Trust economists Carl R. Tannenbaum and Ankit Mital wrote in a note published Friday, there鈥檚 a broader healthcare debate that still needs to happen. 鈥淐overage and care for the roughly 20 million people covered by the ACA are very important,鈥 the economists wrote. 鈥淏ut a total of 330 million Americans are in need of better and more economical health care. Congressional debate needs to 颅颅take much wider perspective on the topic.鈥 (Yuval Rosenberg, 8/21)
The Seattle biotech Omeros (OMER) has long told investors it has a potential blockbuster on its hands in OMS721, an experimental drug aimed at treating patients with rare blood and kidney diseases. So why won鈥檛 the company answer questions about its clinical data? I鈥檝e been trying for months to get answers on key points: How many patients have been dosed with the drug in clinical trials? And is there any proof at all that the drug can be administered via subcutaneous injection, rather than intravenous drip 鈥 which is a key selling point for Omeros? (Adam Feurstein, 8/22)