specialty drug


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specialty drug

A drug that has unusually complex requirements for development, manufacturing, storage, transportation, administration and/or monitoring. Most drugs in this category are extraordinarily expensive.
See also: drug
References in periodicals archive ?
Even when a specialty drug is not dispensed or administered in a retail pharmacy, the pharmacy still plays a significant role in education and patient care.
Chambers, Ph.D., from Tufts Medical Center in Boston, and colleagues analyzed specialty drug coverage decisions issued by the largest U.S.
In this study, we used nationally representative data from the 2007 to 2010 5 percent Medicare files to examine the impact of cost-sharing increases on continuity of treatment in Medicare Part D patients receiving specialty drug treatment for multiple sclerosis (MS) or rheumatoid arthritis (RA).
* Drug spending on novel drugs-due to the increase in number of launches of high-priced specialty drugs. For instance, specialty drugs contribute to less than 2.0% of the total prescriptions in the U.S, but according to a report published by America's Health Insurance Plans (AHIS) (2016), specialty pharmaceuticals accounted for approximately one-third of the total spending on the commercial prescription pharmaceuticals in 2015 ($337.0 Billion), while it was also reported that about 225 new specialty pharmaceuticals are estimated to be launched in the next five years.
It touches on the increasing vertical integration of insurance companies, pharmacy benefit managers (PBM) and chain pharmacies, the rising cost and regulations of "specialty drugs," the powers of various regulatory agencies and even the very survival of the remaining independent pharmacies, which are a "dying breed in this state," in the word of Michael Bullek, the administrator of the NH Board of Pharmacy.
Specialty drugs, usually complex biologic products created by genetic alterations of living tissues or organisms, (https://www.fda.gov/AboutFDA/CentersOffices/OfficeofMedicalProductsandTobacco/CBER/ucm133077.htm) have revolutionized patient care by creating human proteins, enzymes and antibodies that can treat diseases much more specifically than previously.
Through his Drug Channels Institute and Drug Channels industry blog, Fein helps senior executives in the pharmacy business to navigate the increasingly complex pharmaceutical industry with its new generation of specialty drugs.
BioTechnique is a specialty drug aseptic fill-finish contract manufacturing organisation with significant expertise in cytotoxic and highly potent sterile injectable manufacturing located in Madison, Wisconsin.
Complex specialty drugs require careful, controlled assessments over longer time periods compared to traditional small molecule drugs available in pill formulation; with not insignificant possibilities that adverse events in the real world may well be detected years after the specialty drug is launched.
Pharmacy benefits manager Express Scripts says nearly 32 cents of every dollar spent on prescriptions now goes toward a specialty drug. That's up from 12 cents in 2009.
Jeweleen will be joining Cheryl Larson on the topic “Addressing Specialty Drug Management to Achieve Cost Savings and Better Patient Outcomes.” This session will explore a 2013 PBM forecast indicates that U.S.
Most recently, John was vice president of ANDA Holdings, LLC, a NJ-based specialty drug company.

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