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People who'd had no drug coverage increased their spending on drugs, on average, by 74 percent ($41 a month), those with a cap of $150 increased spending by 27 percent ($27 a month) and those with a $350 quarterly cap increased spending by 11 percent ($13), compared with the control group. |
* In many cases, you do not know where the drugs were made or how they were handled. |
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Editor's Note: Caraco is the smaller generic makers in the USA; it's trading for a little more than $3/Share; and has a market cap of $115 million and a P/Eof 6. |
Where the study didn't go was whether or not those who were using medications hit the 'doughnut hole' [and] went back to their old ways. Customs. |
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Their study, in the July 2 issue of the New England Journal of Medicine, also found that spending varied depending on the type of drug coverage participants had before enrolling in Part D.96 by the log-rank test)…[NEJM]
7/6 Sepracor: 2 Lunesta For Kids Experiments Put On Hold
Sepracor Provides Update on Clinical Trials for SEP-225289 and LUNESTA(R) Pediatrics … FDA has notified us that these two studies have been put on clinical hold due to its concerns regarding non-clinical data that could be relevant to the administration of eszopiclone in children …[Sepracor Press Release]
See Also: Safety & Efficacy Study in Children and Adolescents With Attention-Deficit/Hyperactivity Disorder - Associated Insomnia …[ClinicalTrials. |
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Medical studies show that one in five drugs purchased in Mexico is counterfeit or substandard.
7/7 Genzyme's Pain Is Upstart Israeli's Gain
FDA considers new Gaucher drug to offset Genzyme's plant shutdown … not yet been approved for use in the U. |
| WEDNESDAY, July 1 (HealthDay News) -- Older people who signed up for Medicare's prescription drug coverage, called Part D, spent more on drugs after enrolling than they had before but less on other types of medical care, researchers have found. |
People who'd had no drug coverage increased their spending on drugs, on average, by 74 percent ($41 a month), those with a cap of $150 increased spending by 27 percent ($27 a month) and those with a $350 quarterly cap increased spending by 11 percent ($13), compared with the control group. |
People in the first three groups all switched to Part D as of 2006. S.
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"The primary goal of Medicare Part D was to reduce beneficiaries' financial burden and improve medication use," explained Yuting Zhang, lead author of the NEJM study and an assistant professor of health economics at the University of Pittsburgh Graduate School of Public Health.
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People were classed in one of four groups: those who had no drug coverage before Medicare Part D; those who had drug coverage but with a cap of $150 a quarter (considered limited coverage); those who had a cap of $350 a quarter; and those who received uncapped drug coverage from their former employer for the entire four years of the study, considered the control group. |
| , but would be used to blunt the effect of an expected shortage in Gaucher's disease drug made by Genzyme Corp …[BizJournal]
See Also: Protalix Asked to Widen Gaucher-Drug Supply …[Wall Street Journal; $$$]
See Also: Protalix's New Carrot Derived Drug Likely to Win FDA Approval … [CNBC]
7/7 Generic Maker Caraco Lays Off 1/2 Workforce; Quality Control Lapse
Caraco Pharmaceuticals lays off 350 … jobs indefinitely after federal authorities shut down distribution at all the company's Michigan plants last month citing faulty manufacturing practices …[Detroit News]
See Also: Similar Report From NASDAQ; adds U. Placebo
Likely FDA Approval Gives Dendreon A Lift … extended survival by a median 4. |
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Zhang and her fellow researchers compared spending on prescription drugs by about 35,000 people enrolled in the Medicare Advantage plan in Pennsylvania in the two years before implementation of Part D and the two years after.gov]
See Also: Differential Effects of Eszopiclone Versus Ramelteon in Burned Children …[ClinicalTrials. |
At the time, 18 percent of people nationwide who were on Medicare had no drug coverage. "We always said there would be savings in other parts of the system. |