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How Pharmaceutical Companies Price Their Drugs

Companies that refuse to negotiate with Medicare face a 95% tax penalty on that drug. 3. For Medicare beneficiaries, the Inflation Reduction Act also caps out-of-pocket drug costs at …

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United States Imports Only 25% of Its Drugs

(4 days ago) United States Imports Only 25% of Its Drugs. Shobhit Seth. The United States is the largest drug importer in the world, offering fodder to critics who advocate “to get our drug industry back

Category:  Health Go Now


How Does Government Regulation Impact the Drug Sector

(2 days ago) How Government Regulations Impact the Drug Sector. Most governments around the world impose regulations on pharmaceutical companies, in an effort to protect their public from …

Category:  Pharmaceutical Go Now


Food and Drug Administration (FDA) Definition

(4 days ago) Food And Drug Administration - FDA: A government agency established in 1906 with the passage of the Federal Food and Drugs Act. The agency is currently separated into five centers, which …

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Pharmaceutical Companies' Average R&D Costs

(6 days ago) Pharmaceutical companies rely on R&D to develop new drugs. Johnson & Johnson spent $82.6 billion in R&D in 2020 while Merck laid out 28.3% of its revenue on R&D in 2020.

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The Industry Handbook: Pharma Industry

(Just Now) The pharmaceutical industry, or pharma industry, is one of the fastest-growing economic sectors with worldwide sales of more than $1,228.45 billion in 2020. Approximately 46% of …

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Best Pharmaceutical ETFs for Q4 2022

(7 days ago) PPH, IHE, and PJP are the best pharmaceutical ETFs for Q4 2022. Pharmaceutical exchange-traded funds (ETFs) offer investors access to a basket of U.S.-based and foreign stocks of …

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What Are Barriers to Entry for Pharma Companies

(8 days ago) Pharmaceutical companies in the United States face enormous barriers to entry, including difficulties in achieving Food and Drug Administration (FDA) approval, high research and …

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Bioequivalence Definition

(5 days ago) Bioequivalence: A similarity between two drugs meaning that they both have the same effect on the patient. Bioequivalence means that two drugs release their active ingredient into the …

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Pharmacy Benefit Management (PMB) Industry Definition

(8 days ago) The term pharmacy benefit management (PBM) industry refers to a group of companies that serve as the middlemen between insurance companies, pharmacies, and drug manufacturers. …

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Generic Brand: Definition, Types, Vs. Store Brand

(4 days ago) Generic Brand: A type of consumer product that lacks a widely recognized name or logo because it typically isn't advertised. Generic brands are usually less expensive than brand-name …

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Biotech vs. Pharmaceuticals: What's the Difference

(4 days ago) Biotech has been given one advantage to make up for its cost disadvantage. While pharmaceuticals generally hold exclusive rights to manufacture and distribute their drugs for …

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What Is the Medicare Donut Hole

(6 days ago) The Medicare donut hole represents a coverage gap or temporary limit on what the plan covers for prescriptions. The gap begins after you and your drug plan have spent a certain amount …

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The Economic Benefits of Marijuana Legalization

(1 days ago) One motivation for legalization is the economic benefits that can come from the regulated commercial availability of marijuana. Increased tax revenues, job growth, and investment …

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Best Medicare Part D Plans of 2023

(7 days ago) The projected average monthly premium for a basic Medicare Part D plan is $31.50 for 2023. But plans are available for much less—Aetna’s SilverScript SmartSaver PDP costs an average …

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7 Companies Owned by Pfizer

(2 days ago) Wyeth started as John Wyeth and Brother, established in Philadelphia by John and Frank Wyeth in 1860. In the late 1960s the company's Ovral was the leading oral contraceptive in the …

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Over-the-Counter (OTC): Trading and Security Types Defined

(4 days ago) Over-The-Counter - OTC: Over-the-counter (OTC) is a security traded in some context other than on a formal exchange such as the New York Stock Exchange (NYSE), Toronto Stock …

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Who Are Pfizer's (PFE) Main Competitors

(8 days ago) Henry A. McKinnell Jr.: A former CEO and chairman of pharmaceutical giant Pfizer. Born in 1943 in Victoria, Canada, McKinnel Jr. began working with Pfizer in 1971 and became chairman and …

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Best Medicare Advantage Plans of 2023

(6 days ago) Considering premiums, deductibles, and maximum out-of-pocket costs across all plans offered by the largest MA providers, Cigna has the lowest-cost Medicare Advantage plans with drug …

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