Pharmacy
The United States Department of Justice has given its blessing to a district court in New York to allow ex-pharmaceutical CEO Martin Shkreli to travel to Washington, D.C. to testify at a hearing on drug pricing on February 4.
The Centers for Medicare and Medicaid Services on Thursday finalized a rule on the rebate and reimbursement of prescription drugs, a move aimed at bringing down consumer costs and which is expected to save federal and state governments an estimated $2.7 billion over five years.
Kenneth Johnson, 49, is one of three found guilty following a 2014 trial and an investigation authorities dubbed "Operation Psyched Out".
Ireland-based Shire and Illinois-based Baxalta announced Monday they will be joining forces, merging in a deal estimated to be worth about $32 billion.
Investors are gathering in San Francisco this week for the annual J.P. Morgan healthcare conference, the sector's biggest financial event and one where many biotech deals are expected to be announced.
Doctors, providers and other stakeholders have until Monday to submit comment on new Centers for Disease Control and Prevention guidelines for prescribing opioids for chronic pain.
While many healthcare stocks had a banner year in 2015, political pressure on drug prices is keeping some major pharmaceutical and biotech companies from hitting their full market potential, according to a recent analysis by Morningstar.
WellCare is a provider of managed care services for government-sponsored healthcare programs; CVS health is the nation's second-largest PBM company, and will administer pharmacy benefits and process claims for about 3.8 million WellCare members who participate in the company's nationwide Medicare, Medicaid and Prescription Drug Plan programs.
Despite advice to shop around before selecting a plan, consumers may find that getting answers about drug coverage can be an exercise in frustration, despite a federal health law requirement that insurers provide lists of the prescription medications included in their plans.
As prescription drug prices continue to drive up healthcare spending, the Centers for Medicare and Medicaid Services is creating a new online dashboard to increase transparency and address affordability. Read the story for the full price breakdown.