Year of the authorized generic
Executive Summary
Deficit Reduction Act (S 1932), which was signed into law Feb. 8, delays inclusion of "authorized generics" in "best price" calculations until Jan. 1, 2007. Both the House and Senate budget reconciliation bills originally set Jan. 1, 2006 as the date for the provision to take effect. The new "best price" formula could effectively end the practice of "authorized generics" (1"The Pink Sheet" Jan. 2, 2006, p. 25). Generic Pharmaceutical Association lauds the new formula, claiming that it would yield more than $150 mil. in savings over five years...
You may also be interested in...
Medicaid Reform Bill Is A Draw For Pharma; Pharmacy Continues Its Fight
The conference report on budget reconciliation creates a new definition of the Medicaid federal upper limit for pharmacy reimbursement for multiple source drugs
New EU Filings
Obecabtagene autoleucel, Autolus Therapeutics’s investigational treatment for relapsed or refractory B cell precursor acute lymphoblastic leukemia, is among the latest products that have been filed for review by the European Medicines Agency for potential EU marketing approval.
P&G Restores Volume Growth In Beauty, Grooming After Pricing Run
Procter & Gamble reports strong consumer spending in the US and Europe after a 3% increase in product pricing over the past year. Dragging on fiscal third-quarter results, sales of SK-II in China fell 30% for the January-March period, while lower incidence of cough and cold impacted Health Care performance.