PHARMACY

Cardinal Health, APhA announce winners of annual GenerationRx Awards

BY Antoinette Alexander

DUBLIN, Ohio — The Cardinal Health Foundation and the American Pharmacists Association recently recognized pharmacists for their efforts in prescription medication misuse prevention.

During the APhA 2015 Annual Meeting and Exposition in San Diego, the Cardinal Health Foundation and APhA awarded the fifth annual American Pharmacists Association – Academy of Student Pharmacists (APhA-ASP) GenerationRx Awards, which recognize use of the GenerationRx toolkit, a communications package including talking points, presentation materials and tips to enable users to raise awareness of prescription drug misuse in their communities.

The organizations also awarded the fourth annual APhA GenerationRx Award of Excellence, an award recognizing one pharmacist for his or her outstanding efforts in prescription medication misuse prevention.

The APhA-ASP GenerationRx award is part of a national competition among APhA-ASP chapters. This past year, student pharmacists from 82 chapters conducted more than 800 GenerationRx presentations and educated more than 134,000 children, teens, college students and adults. More than 12.7 million people were reached via public relations outreach.

The 2015 APhA-ASP GenerationRx national and regional awards were presented during the APhA-ASP Opening General Session. The chapters honored in this year's competition were:

  • National Award: East Tennessee State University Bill Gatton College of Pharmacy
  • 
National 1st Runner-Up Award: University of Florida College of Pharmacy

  • National 2nd Runner-Up Award: The University of New Mexico College of Pharmacy

  • Region 1 Award: MCPHS University – Boston
  • 
Region 2 Award: University of Pittsburgh School of Pharmacy

  • Region 3 Award: The University of Tennessee Health Science Center College of Pharmacy
  • 
Region 4 Award: Southern Illinois University Edwardsville School of Pharmacy

  • Region 5 Award: Drake University College of Pharmacy and Health Sciences

  • Region 6 Award: University of Arkansas for Medical Sciences College of Pharmacy 

  • Region 7 Award: Idaho State University College of Pharmacy

  • Region 8 Award: University of California, San Diego Skaggs School of Pharmacy and Pharmaceutical Sciences

The 2015 recipient of the APhA GenerationRx Award of Excellence is Nathan Painter of La Jolla, California. Painter was selected in recognition of his commitment to community partnerships and interprofessional collaboration in providing substance misuse education. He is an Associate Clinical Professor at the University of California San Diego Skaggs School of Pharmacy and Pharmaceutical Sciences, where he manages a pharmacist-run clinic for patients with chronic diseases. Painter serves as the faculty advisor for UCSD's APhA – Academy of Student Pharmacists (APhA-ASP) GenerationRx activities and created a prescription drug misuse elective course. He is an active member of the San Diego County Prescription Drug Abuse Task Force and has collaborated on an interprofessional team to evaluate the state's Prescription Drug Monitoring Program.

The awards mark a continuation of the APhA and Cardinal Health Foundation partnership to prevent the misuse of prescription medications. The organizations work together to provide a comprehensive education program to aid pharmacists and student pharmacists in educating their communities about the dangers of prescription drug misuse.

With more than 15 million people aged 12 or older using prescription drugs non-medically annually, prevention education is key to reversing the trend of misuse.
 

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Generics company based in a small Minnesota town drawing interest from Wall Street

BY Michael Johnsen

 BAUDETTE, Minn. – ANI Pharmaceuticals is carving out a name for itself as a niche generic player here, according to a report published Monday by the MinnPost

The report profiles ANI Pharmaceuticals, which is located in a small town 300 miles north of Minneapolis. 
 
According to the report, ANI grew its per share price from $20.08 at the end of 2013 to more than $67.12 in trading today. The company's revenue is on a similar upward trajectory, having tripled in the past two years to $56 million in 2014. 
 
And the company estimates sales of $80 million to $88 million for 2015, MinnPost reported.
 
In 2014, ANI spent $35.5 million in three separate deals to acquire products – Lithobid, which treats patients with bipolar disorder; Vancocin, an antibiotic used to treat infections; and EEMT, an estrogen drug used to treat symptoms of menopause. The two new drugs have been helping to drive ANI’s growth. But the company’s biggest seller is an estrogen drug known as EEMT, which is used to treat symptoms of menopause. In 2014, EEMT accounted for 42 percent of ANI’s total sales.
 
Growing niche generic products that were languishing in larger pharmaceutical houses is ANI's specialty, the report noted. And with $169 million cash on hand, ANI is looking to acquire more niche generics going forward. 
 

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IMS: Americans filled a record 4.3 billion prescriptions in 2014

BY Michael Johnsen

PARSIPPANY, N.J. – Total spending on U.S. medicines increased 10.3% on a real per capita basis to $373.9 billion in 2014, with a record volume of 4.3 billion prescriptions filled, according to a new report issued Tuesday by the IMS Institute for Healthcare Informatics. 
 
The year also marked the highest number of transformative medicines launched in more than a decade.
 
The study – "Medicine Use and Spending Shifts: A Review of the Use of Medicines in the U.S. in 2014"  – found that total dollars spent on medications in the U.S. rose 13.1% on a nominal basis last year, up from a 3.2% increase in 2013. Primary drivers include higher spending on innovative new treatment options, the lower impact of patent expiries and increases in list prices of branded medicines. The factors that came together to drive the extraordinary spending growth in 2014 are expected to have less impact in future years, resulting in more moderate levels of growth.
 
Much of last year’s innovation-led spending growth was from specialty medicines, which grew 26.5% and accounted for one-third of medicine spending, up from 23% of the total spend five years ago. New drugs contributed $20.3 billion to growth in 2014, including $11.3 billion from four new hepatitis C treatments as nearly ten times as many patients were treated for that disease last year than in 2013.
 
The impact of patent expiries has consistently slowed spending growth over the past five years. In 2014, that impact was $11.9 billion, down significantly from the peak amount of $29.3 billion in 2012. Last year, 42 New Molecular Entities were launched – the largest number in a decade – focused on disease areas that include oncology, autoimmune disorders, hepatitis C, HIV, multiple sclerosis and diabetes. Prices for branded products last year rose at an average rate of 13.5% on an invoice basis, but were reduced to a 5%-7% increase when taking into account off-invoice discounts and rebates.
 
Demand for healthcare services declined in 2014 despite it being the first year of insurance coverage for millions of Americans under the Affordable Care Act. From the end of September 2013 to year-end 2014, the uninsured rate was reduced by 5.1%, with 15.7 million people added to the insured population due to the ACA’s Medicaid expansion, Health Insurance Exchanges and the continued economic recovery.
 
“Last year’s $43 billion growth in spending on medicines was record-setting and the result of simultaneous very high levels of spending on new drugs and an unusually low level of patent expiry impact,” said Murray Aitken, IMS Health SVP and executive director of the IMS Institute for Healthcare Informatics. “It also was a landmark year in the implementation of the Affordable Care Act – and yet, the increase in the number of insured patients under the ACA directly accounted for only $1 billion of the spending growth as patients took some time to ramp up their medicine use."
 
The report’s key findings include the following:
 
  • Spending on medicines. Spending reached $373.9 billion in 2014, up 13.1%, the highest level since 2001 when growth was 17%. In addition to the lower impact from patent expiries and the record spending on new brands, price increases for protected brands also increased spending in 2014 by $26.3 billion, contributing 8.2% to total market growth on an invoice price basis. Estimated net price growth was substantially lower, as rising off-invoice discounts and rebates offset incremental price growth and reduced the net price growth contribution to 3.1%. Spending on specialty medicines increased $54 billion over the past five years, contributing 73% of overall medicine spending growth in that period. The biggest driver of specialty spending growth was the more than 161,000 patients who started treatment for hepatitis C in 2014, more than four times the previous peak as spending on widely adopted new treatments totaled $12.3 billion;
  • Changes in the demand and payment for medicines. In the first full year of enrollment for expanded Medicaid and exchanges under the ACA, patients with Medicaid in states that expanded eligibility filled 25.4% more prescriptions than in the prior year, compared with 2.8% more in non-expansion states. Newly covered patients in Health Insurance Exchanges had slightly lower levels of increase in medicine use, and 70% of them were commercially insured in the prior year. Patients with employer-based insurance filled fewer prescriptions in 2014 due in part to the impact of rising co-pays and deductibles. High out-of-pocket costs can be mitigated with various forms of co-pay assistance, including coupons and vouchers. For example, as many as half of all branded prescriptions in newer diabetes treatments are now being supported in this way, compared with 8% of brands in all therapy areas. Overall, healthcare services demand shifted last year as patients had 3% fewer office visits and 1.7% fewer hospital admissions – but filled 2.1% more prescriptions; and
  • Transformations in disease treatment. The drug R&D pipeline has shifted to specialty medicines over the past decade, with 42% of the late-stage pipeline now specialty – up from 33% 10 years ago. As many as 10 therapies were launched in 2014 with “Breakthrough Therapy” status as designated by the FDA under the 2012 FDA Safety and Innovation Act. Last year saw the largest number of orphan drugs launched in a single year, bringing the total number of treatments with orphan designation to 230. Cancer remains the most common orphan drug category, and nine “ultra-orphan” drugs – for populations fewer than 10,000 – became available last year. Among the most anticipated innovations are biosimilars – generic versions of biologic drugs – which began being filed for FDA review in 2014 with approvals already underway this year.
 
Analyses conducted for the report are based on IMS Health information resources and focus on prescription-bound products, including Insulins that are available without a prescription. OTC products are excluded from the report. Spending figures are derived from IMS National Sales Perspectives and reported at wholesaler invoice prices that do not reflect off-invoice discounts and rebates. Prescription data are derived from IMS National Prescription Audit, which tracks national prescription trends and activity for all pharmaceutical products. Other IMS Health information resources used in this report include NPA Market Dynamics, IMS National Disease and Therapeutic Index, National Prescription Audit, Xponent PlanTrak Copay and IMS MIDAS. 
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