Drug Price Forecast Projects 4.57% Increase in 2020 Hospital Drug Spending
Vizient, Inc. announced the release of its July 2019 Drug Price Forecast. The forecast projects that health systems-including inpatient and non-acute environments-can expect a 4.57% increase for pharmaceutical purchases made from Jan. 1, 2020 to Dec. 31, 2020. The forecast also includes projections for specialty pharmacy and pediatric-specific medications.
Highlights from the forecast report include:
- Specialty drug price inflation is predicted to be 4.23%
- The composition of the U.S. biosimilars market could change dramatically in the very near future
- Drug shortages compromise patient care and contribute to higher costs, both direct and indirect
- Providers treating leukemia patients will experience higher costs as the standard of care shifts to new therapy combinations
- Supply challenges in the Immune globulin intravenous (IgIV) market will continue and prices are expected to steadily rise
The forecast can be accessed here.
The Misinformation Maze: Navigating Public Health in the Digital Age
March 11th 2025Jennifer Butler, chief commercial officer of Pleio, discusses misinformation's threat to public health, where patients are turning for trustworthy health information, the industry's pivot to peer-to-patient strategies to educate patients, and more.
Novo Nordisk, The United Laboratories Ink Exclusive License Agreement for Triple Receptor Agonist
March 25th 2025Under terms of the license agreement, Novo Nordisk will acquire the rights to develop and commercialize UBT251 outside of China for obesity and type 2 diabetes for an upfront payment of $200 million.
