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U.S. spends $3 billion a year on unused cancer drugs

U.S. doctors and hospitals throw out almost $3 billion (roughly 2.7 billion euros) in unused cancer drugs each year because the medicines come in supersized single-use packages and excess medicine must be discarded for safety reasons, a recent paper suggests. Researchers focused on 20 expensive medicines that are given by injection or intravenous drip and […]

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UK cost agency backs J&J cancer drug in change of heart

A cancer drug originally discovered in Britain has finally been endorsed for treating advanced prostate cancer before chemotherapy on the country’s state health service in a change of heart by the cost agency NICE.

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Express Scripts says U.S. drug spending rose 5.2 percent in 2015

U.S. spending on prescription drugs rose 5.2 percent in 2015 – including the impact of rebates – driven by an 18 percent increase in specialty drugs, Express Scripts Holding Co. said.

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NY attorney general to investigate insurers over hepatitis C drugs

New York state Attorney General Eric Schneiderman’s office has asked 16 health insurers for documentation on patients who have been denied coverage of drugs used to cure hepatitis C, a person familiar with the matter told Reuters on Wednesday. Schneiderman’s office also requested details on procedures followed by the companies to authorize the drugs used […]

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UK cost agency rejects leukemia drug from J&J and AbbVie

A new leukemia drug viewed by industry experts as a future blockbuster has been rejected by Britain’s healthcare cost-effectiveness agency NICE, which said it could not be confident the medicine represented an effective use of resources. Imbruvica has a list price of 55,954.50 pounds ($78,000) a year, although it is being offered at an undisclosed […]

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AstraZeneca sells drug for $70 million as divestment drive continues

AstraZeneca has sold rights to a non-core drug to a unit of Kyowa Hakko Kirin for an upfront payment of $70 million, a day after getting $500 million for two ageing heart medicines.   The British-based drugmaker has been divesting peripheral products to help pay the bills as it invests in new medicines, while taking […]

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For Clinical Trials, Centralized Imaging Data Collection and Review Is a Must

  By Joseph Pierro, chief medical officer of Biomedical Systems.   In many clinical trials, clinical imaging plays an important role in the drug development process. Whether the trial involves drugs, biologics, or devices, imaging may be used to measure the efficacy and safety of the investigational product. An independent assessment based on the centralized […]

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China to consolidate drug market, promote traditional medicines

China plans to consolidate its huge and fragmented drug market and will support a greater role for traditional Chinese medicines (TCM), the central government said in a statement on Sunday following a meeting of the State Council.   China will also strengthen safety controls and traceability of domestic drugs, the statement said, part of an […]

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2016 Annual Report: Top 10 Pipelines

The pharma industry’s R&D concentration has been shifting towards specialty therapy areas as research and development returns decline for some leaders.

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UK cost agency rebuffs Sanofi cholesterol drug but backs Amgen’s

Britain’s cost watchdog has recommended that patients with high cholesterol should not get Sanofi and Regeneron’s new cholesterol-lowering injection Praluent, although Amgen’s similar drug Repatha will be available. The National Institute for Health and Care Excellence (NICE) cost watchdog said in draft guidance on Monday that Praluent’s benefits were uncertain and it was likely to […]

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