Novartis On Payer Contracts, Other Updates From BIO CEO & Investor Conference
This article was originally published in The Pink Sheet Daily
Novartis' recent arrangements with Cigna and Aetna tying Entresto reimbursement to outcomes, new Gilead hires and a potential labeling change for Relypsa's Veltassa.
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Novartis and Amgen are trying to build a compelling case for the value of their CGRP antagonist erenumab. Novartis said one strategy under consideration is to underwrite the cost of the drug for patients who don't respond.
Shaw is the former US President of rival Novartis and a rising figure in big pharma. She will take over the role previously held by Ricks, who became CEO Jan. 1. Conterno will assume President USA role.
COVID-19 disruptions, less favorable currency and the shadow of drug price reform could mean more headwinds for pharma during this S&E period after a strong Q2.