G

ood morning, everyone, and how are you today? We are just fine, thank you, especially with a warm and shiny sun beating down on the oh-so-quiet Pharmalot campus. Our short person has long since departed for the local schoolhouse and our official mascots are quietly snoozing in their cozy corners. As for us, yes, we are quaffing cups of stimulation — our choice today is flavored courtesy of the folks at Jack Daniels — and, as always, we invite you to join us. Remember, no prescription is required. Meanwhile, here are some tidbits. Hope you have a productive day …

Retail prescription drug spending slowed in 2016, increasing 1.3 percent to $328.6 billion, according to the Center for Medicare & Medicaid Services. The slower growth follows significant growth in 2014 and 2015, 12.4 percent and 8.9 percent, respectively, which was largely due to increased spending on new medicines and price growth for existing brand-name drugs, such as hepatitis C. Growth slowed due to fewer new drug approvals, slower growth in brand-name drug spending — such as for hepatitis C drugs — and less spending for generics as price growth slowed.

Unlock this article by subscribing to STAT Plus today. Try it FREE for 30 days and cancel anytime!

SUBSCRIBE TODAY

What is it?

STAT Plus is a premium subscription that delivers daily market-moving biopharma coverage and in-depth science reporting from a team with decades of industry experience.

What's included?

  • Authoritative biopharma coverage and analysis, interviews with industry pioneers, policy analysis, and first looks at cutting edge laboratories and early stage research
  • Subscriber-only networking events and panel discussions across the country
  • Monthly subscriber-only live chats with our reporters and experts in the field
  • Discounted tickets to industry events and early-bird access to industry reports

Leave a Comment

Please enter your name.
Please enter a comment.

  • One may observe that ‘warm and shiny sun’ is in the eye of the beholder. If instead of viewing from Pharmalot central, our scribe had ventured forth for printed news matter, he would have found that shiny sun presiding over cold, 0 degrees C weather, though of course things will change …. they always do.

Sign up for our Morning Rounds newsletter

Your daily dose of what’s new in health and medicine.