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PBMs and insurers want your prescription money

World of DTC Marketing

For many, these coupons represent the difference between filling a prescription and going without lifesaving care, but there is a lot more here than just a co-pay coupon. Pharma companies have very little control over patients’ prices for their Rxs. Let’s take a step back for a minute.

Insurance 226
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The right balance in DTC: Tv versus digital ads

World of DTC Marketing

of all spend in 2018, far higher than television’s 30.8% The shift to digital advertising doesn’t make sense when pharma product websites don’t meet consumers’ needs. Global ad spend been climbing since 2018, and this trend is projected to continue (Source: Zenith Media ). Online digital advertising is a mess.

Media 261
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Jazz Pharma uses flying pig for huge grey area DTC

World of DTC Marketing

billion in 2018, and is expected to grow at a CAGR of 7.20% to reach $86.01 Jazz Pharmaceuticals has introduced a new prescription medication for patients with sleep apnea/narcolepsy that “helped adults get up to 9 hours of improved wakefulness in clinical studies at 12 weeks” and they’re using a flying pig on their DTC.

Pharma 181
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Thursday pharma headlines

World of DTC Marketing

Amgen CEO Bob Bradway racked up a 2018 pay package of $18.6 prescriptions of finasteride, as the drug is known, for hair loss increased to over 2.4 This week I had a long talk with someone who has been working in pharma R&D for over 30 years about Covid vaccines. million while the company’s pipe line falters.

Pharma 180
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AbbVie CEO looks like a fool before Congress

World of DTC Marketing

While AbbVie is a poster for everything wrong with pharma, what they have done doesn’t apply to ALL pharma companies. The increase followed total Humira price hikes of 19 percent during 2017 and 2018. billion on R&D from 2013 to 2018. 27 email outlining its process for bringing thousands of U.S. Porter (D-Calif.)

Pharma 181
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The financial toxicity of treating cancer

World of DTC Marketing

These cost estimates include cancer-attributable costs for medical services and oral prescription drugs. billion in 2018. Pharma companies are aware that insurers will rarely say no to new cancer therapies, but increased scrutinization of early approvals is on the horizon. cost approximately $156.2

Insurance 273
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AbbVie sucks

World of DTC Marketing

The increase followed total Humira price hikes of 19 percent during 2017 and 2018. The cost of Humira, which is injected via syringe, was more than $72,000 a year on prescription drug websites this week and is not expected to come down until at least 2023.