This article gives an average fee of $1M and wait time of 40 months for a manufacturer to be approved to sell a generic drug. And that's just the fee to the FDA -- it doesn't include the cost of running human studies (which can cost tens of millions) or other compliance costs.https://twitter.com/aclough/status/1184486748321189888 …
-
-
https://www.cnbc.com/2019/05/10/why-amazon-bought-pillpack-for-753-million-and-what-happens-next.html … PillPack sounds like it might be in a position to replace pharmacy benefit managers -- the handful of middlemen between the pharmacies & insurers -- by building its own billing software. Not sure how this plays in but it could be helpful.
-
the hilarious thing about PBMs was that they were originally introduced as a price control measure, and immediately became a purely evil bureaucratic layer
End of conversation
New conversation -
-
-
ahh, I see, a generic import service still don't see that flying with prescription drugs
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.