Biosimilars could save significant amounts in healthcare costs, report concludes
ARLINGTON, Va. A report by the Congressional Budget Office on the potential savings that biosimilars could create has drawn a response from the Generic Pharmaceutical Association.
“As Congress grapples with both the economic and healthcare crises facing our nation, the CBO Budget Options Report is concrete evidence that bringing safe, effective and affordable biogenerics to patients can result in significant healthcare cost savings for the federal government,” GPhA president and chief executive officer Kathleen Jaeger said in a statement.
“Specifically, the CBO Budget Options Report states that establishing a pathway for the approval of biogenerics will result in a multi-billion dollar savings potential for the federal government.”
Currently, the law does not permit the Food and Drug Administration to approve biosimilars, sometimes called biogenerics.
Women’s Health announces additions to executive team
AVON, Conn. Women’s Health USA announced Thursday promotions that would affect the make-up of its executive team.
Women’s Health has said that Patrick Murphy will serve as president and COO, reporting to Robert Patricelli, chairman and CEO.
Murphy rececently served at Women’s Health as EVP and serves concurrently as SVP and CFO of Evolution Benefits a companion company to Women’s Health.
Additionally, Brian Pskowski has been promoted to the role of EVP of finance and administration Women’s Health subsidiary In Vitro Sciences. Prior to this promotion, Pskowski served as Women’s Health’s CFO for several years, reports said.
And Michael Pascetta has been tapped for SVP and CFO of Women’s Health, taking over for Pskowski. Pascetta has served Women’s Health as CFO of an operating divisions for four years.
GlaxoSmithKline begins phase 3 trial for coronary heart disease treatment
LONDON GlaxoSmithKline has started its first phase 3 clinical trial to determine the efficacy of the investigational Lp-PLA2 inhibitor darapladib, for adults with chronic coronary heart disease, GSK announced Thursday.
The Stabilization of Atherosclerotic Plaque By Initiation of Darapladib Therapy, or STABILITY study, will include more than 15,000 patients from 39 studies.
“Despite major advances in medical treatment, coronary heart disease remains the leading cause of death worldwide, and new approaches are needed to help reduce this burden to patients and society,” GlaxoSmithKline senior vice president for drug discovery Patrick Vallance said in a statement. “GSJ is initiating the large STABILITY trial with darapladib as part of a phase 3 program to determine if this novel medication could improve people?s lives by reducing the risk of cardiovascular events.”