pharmaceuticals News

Dermatologicals Now the Costliest Drug Group in California Workers Comp

Dermatologicals, which include a number of high-priced, private label drugs, account for the biggest share of the total drug spend in the California workers’ compensation system, a new report shows. Data from the California Workers’ Compensation Institute shows recent shifts …

Texas Pharmacy Owner Sentenced in $41M Health Insurance Fraud

A Dallas pharmacy owner who routinely billed insurance companies for headache sprays, pain creams, and scar creams never dispersed to patients was sentenced last week to 10 years in federal prison, announced U.S. Attorney for the Northern District of Texas …

Report Examines Migraine Drugs as a Potential Cost Driver in California Workers’ Comp

Migraine drugs represent a small percentage of prescriptions dispensed to injured workers in California, but they make up a larger share of workers’ compensation drug payments, a new report shows. Fewer than 1% of all prescriptions dispensed to injured California …

Research Shows Low-Volume/High-Cost Meds in California Workers’ Comp

New research on low-volume/high-cost drugs used to treat injured workers in California spotlights a handful of anti-inflammatory and anticonvulsant medications that have become significant cost drivers despite accounting for a relatively small share of the prescriptions within their therapeutic drug …

Viewpoint: Psychedelic Drugs to Treat Pain in Workers’ Compensation Cases?

Medical science has moved forward by leaps and bounds in recent years, and yet for too many injured workers, their initial work-related injury and subsequent medical treatment is only the start of an all-too-familiar downward spiral that often ends in …

COVID Vaccine Rollout Spurs Demand for Extra Insurance Coverage

LONDON – Speedy global delivery of COVID-19 vaccines by air and sea in ultra cold conditions will lead to a jump in cargo insurance rates and spur demand for new areas of coverage, leaving underwriters on high alert. Pharmaceutical companies …

Is the Aviation Insurance Market Ready for a COVID-19 Vaccine?

As the development, and possible mass production, of COVID-19 (C-19) vaccines gather speed, the transportation and logistics industry will need to turn its attention to how the product can be safely and efficiently distributed. Recent figures from the International Air …

Judge Cuts Johnson & Johnson Damages in Risperdal Case From $8 Billion to $6.8 Million

A Pennsylvania judge on Friday slashed to $6.8 million from $8 billion a punitive damages award against Johnson & Johnson to a man who said it failed to warn that boys using its antipsychotic drug Risperdal could grow breasts. Judge …

Drug Pricing Transparency Law Signed by California Governor

California Gov. Jerry Brown has signed state legislation requiring drug companies to report certain price hikes for prescription medicines in a move that could set a model for other states to follow. The law, which aims to provide more transparency …

More Drug Companies Vow to Limit Price Increases

Grappling with a backlash against high U.S. prescription drug prices, more pharmaceutical companies are pledging to limit annual increases to under 10 percent – but the tactic is doing little to salve critics, including President-elect Donald Trump, who on Wednesday …