New Class Of Cholesterol Drugs Moving Ahead
Meanwhile, The Fiscal Times examines the high cost of hepatitis C drugs Sovaldi and Harvoni to state budgets.
The Associated Press:
A New Class Of Experimental Cholesterol Drugs Outperforming Traditional Statins
New research boosts hope that a highly anticipated, experimental class of cholesterol drugs can greatly lower the risk for heart attacks, death and other heart-related problems. The government will decide this summer whether to allow two of these drugs on the market. (Marchione, 3/16)
The Fiscal Times:
The Life-Saving Drug That Almost No State Can Afford
This year so far, only nine people have been approved for Sovaldi, racking up a bill of $264,927 for the state [of Illinois] in January and February. Meanwhile, 39 Medicaid patients were approved to receive Harvoni, the other promising Hep-C drug from Gilead, at a cost of roughly $1.8 million over that same time period, according to the Illinois Department of Health and Family Services. (Pianin and Ehley, 3/17)
And a drugmaker agrees to pay a fine after allegations of misrepresenting some drug costs --
The Wall Street Journal's Pharmalot:
Novartis Pays $12.6M Fine For Giving Inaccurate Pricing Data To Medicare
In what the federal government says is the largest such settlement ever reached, Sandoz has agreed to pay $12.64 million to resolve allegations that it misrepresented pricing data on medicines that were provided to the Centers for Medicare & Medicaid Services. (Silverman, 3/16)