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STAT+: Medicare is urged to consider Amgen patent maneuvers when negotiating the price for a drug

STAT

Later, Amgen reworked old patent applications and, by doing so, succeeded in extending patent protection for the medicine from 2019 until 2029, according to an analysis by the advocacy group. Continue to STAT+ to read the full story…

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US legislation to benefit small molecule drug innovation

European Pharmaceutical Review

Congressman Greg Murphy highlighted that under the IRA price-fixing model, small molecule drugs are eligible for selection to the “Medicare Drug Price Negotiation” programme following seven years after US Food and Drug Administration (FDA) approval.

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Top 20 global biopharma cos report marginal growth in market cap during Q3 2023: GlobalData

Express Pharma

Lilly’s injectable drug Mounjaro reported favorable late-stage trial results in SURMOUNT-3 and SURMOUNT-4 and is forecasted to reach drug analyst consensus global forecast sales of $27.3 billion by 2029. Amgen witnessed the largest market capitalisation growth, fueled by its improved second-quarter earnings, revenue and $27.8

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Market cap downturn hits over half of top 20 biopharmaceutical companies in Q1 2023

Pharmaceutical Technology

According to GlobalData’s drugs database pharma intelligence centre, Wegovy is expected to generate an analyst consensus global forecast sales of $9.4 million by 2029. Sanofi and Regeneron’s market capitalisation grew by 12.4%

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Market outlook to 2032: future trends across the seven major markets

European Pharmaceutical Review

“The dominance of the US within the 7MM is due to its larger insomnia population and higher drug prices. GlobalData considered drug pricing and market exclusivity to be two major obstacles. GlobalData considered drug pricing and market exclusivity to be two major obstacles.

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CMS Finalizes Guidance on Medicare Part D Manufacturer Discount Program

FDA Law Blog: Biosimilars

The manufacturer’s agreement must cover all its labeler codes that contain an applicable drug or a selected drug. The primary manufacturer of a selected drug may also request CMS to terminate its agreement if they are unwilling to participate in the Medicare Drug Price Negotiation.

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