Thursday, January 20, 2022: Life Sciences

A new analysis by the Congressional Budget Office found that savings from generics have driven average prescription prices down in Medicare and Medicaid. Between 2018 and 2019, the average price for a generic prescription fell in both program while the use jumped from...

Thursday, January 20, 2022: Life Sciences

A group of 27 generic drugmakers agreed to manufacture Merck & Co.’s COVID-19 antiviral pill in an effort to supply more than 100 lower-income countries with the treatment. According to the United Nations-backed Medicines Patent Pool, the drug should be...

Thursday, January 20, 2022: Life Sciences

Two Democratic Senators called on the Federal Trade Commission (FTC) to investigate reports of “price gouging and scams” tied to at-home COVID-19 tests. In a letter to FTC Chair Lina Khan, Senators Ed Markey and Richard Blumenthal said that the agency...

Thursday, January 20, 2022: Payers

UnitedHealth Group Inc.’s profits surged in the fourth quarter, surpassing its initial 2021 revenue and profit projections. The company’s net income reached $4.07 billion in Q4 2021, up from $2.21 billion the year before. The surge was driven by increased...