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MedWatchWednesday4 October 2023
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Regulation

US officials probe a new layer in opaque drug pricing, supply system

US authorities are looking into new groups that were formed to negotiate drug discounts but may actually be further obscuring how much the medicines cost.
Photo: Andrew Kelly/X/Ritzau Scanpix
Photo: Andrew Kelly/X/Ritzau Scanpix
By John Tozzi, bloomberg

Officials are working to pierce multiplying, opaque layers between the companies that make medicines and the people who take them. Cigna Group, CVS Health Corp. and UnitedHealth Group Inc. have long controlled the largest pharmacy benefit managers, or PBMs, that traditionally negotiated rebates with drugmakers. In recent years, those companies have each launched new entities called group purchasing organizations, or GPOs, to take over that job.

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Latest news

  • Investment bank: Novo Nordisk's patent victory is a small victory as price negotiations loom –
  • Novo Nordisk's semaglutide to be studied for positive effect on alcoholics –
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  • Low share price may knock Galecto off the stock exchange –
  • Fujifilm expands management with former Leo executive –
  • Snack maker keeps an eye on Novo Nordisk's obesity drug –
  • FDA approves Novo Nordisk drug to treat rare condition –
  • FDA updates Novo Nordisk's Ozempic drug label with side effect alert –
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