Category: Artificial Intelligence

Medicare Part D Spending in 2021: 22% Devoted to 10 Prescription Drugs, Report Finds

Medicare Part D Spending in 2021: 22% Devoted to 10 Prescription Drugs, Report Finds

A new analysis by the Kaiser Family Foundation (KFF) has revealed that despite comprising only 0.3% of total covered drugs, the top 10 best-selling Medicare Part D drugs accounted for 22% of total gross Medicare drug spending in 2021. The findings offer important context for understanding the potential impact of the Medicare Drug Price Negotiation […]

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FDA Updates: July 14, 2023

FDA Updates: July 14, 2023

The U.S. Food and Drug Administration (FDA) has provided a summary of recent news and updates from the agency. On Thursday, the FDA re-issued two temporary guidances that were originally published during the COVID-19 pandemic for certain regulatory requirements involving onsite visits abroad under the FDA Food Safety Modernization Act (FSMA). These guidances aim to […]

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Limbix, a prescription PDTx company, acquired by Big Health

Limbix, a prescription PDTx company, acquired by Big Health

Big Health, a digital therapeutics company, has recently acquired Limbix, a maker of prescription digital therapeutics focused on treating depression in teenagers and young adults. Limbix has developed SparkRx, a self-guided cognitive behavioral therapy (CBT)-based treatment for depression in individuals aged 13 to 22. SparkRx was released in October 2021 and falls under the relaxed […]

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Two Biotechnology Companies Successfully Raise $385 Million in Combined IPOs, Breaking the Dry Spell

Two Biotechnology Companies Successfully Raise $385 Million in Combined IPOs, Breaking the Dry Spell

The IPO market has been slow this year, but Apogee Therapeutics and Sagimet Biosciences have managed to attract investor confidence and increase the size of their stock offerings. Apogee raised $300 million in its IPO and plans to stand out in the crowded field of immunology and inflammation drugs by offering a dosing advantage. The […]

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Perrigo’s Opill Becomes the First Oral Contraceptive to Switch to OTC Use with FDA Approval

Perrigo’s Opill Becomes the First Oral Contraceptive to Switch to OTC Use with FDA Approval

The FDA has approved the first over-the-counter oral contraceptive, making it more accessible and potentially reducing unintended pregnancies. The product, Opill, manufactured by HRA Pharma, will be available without a prescription in stores and online next year. Opill contains norgestrel, a synthetic hormone that suppresses ovulation. Despite being used safely for years, the drug should […]

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