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 ?
This is "attributable entirely to drug price growth among brand name and specialty drugs, which more than offset often substantial price decreases among generic drugs," Leigh Purvis of AARP and Stephen Schondelmeyer, PharmD, PhD, of the Prime Institute, said in an Rx Price Watch report.
Given that many specialty drugs are formulated for populations with chronic or rare diseases and typically require special handling, storage, transport and regulation, distributors often provide key services for safe, efficient delivery.
It was interesting to see the high percentage of employers who found getting accurate, consistent measurement of specialty drug expenditures under both benefits to be challenging.
Specialty drugs, usually complex biologic products created by genetic alterations of living tissues or organisms, (https://www.
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.
Pharmacy benefits manager Express Scripts says nearly 32 cents of every dollar spent on prescriptions now goes toward a specialty drug.
When managing total health care costs and looking to improve overall health status, you can't simply look at managing the specialty drug unit costs.
Plan sponsors can develop a program that helps them gain control of specialty drug spending by incorporating the use of specialty pharmacies, which present cost savings through a number of benefits:
The major pharmaceuticals are focusing on marketing drugs with more than $1 billion in sales; anything worth less is for sale," explains analyst Andrew Forman of Warburg Dillon Read, who adds that while this trend is largely responsible for the burgeoning specialty pharmaceutical segment, specialty drug makers can't survive solely on rejects from the likes of Merck and Pfizer.
He promises the new store will emphasize compounding, the old-fashioned art of specialty drug combining.
Maybe you could use our explanation to shape your own client communications about the specialty drug cost problem.
In a nutshell, the patient should receive ongoing education and support services related to his/her condition and prescribed treatment, regardless of whether the specialty drug is delivered through the doctor's office, home infusion, hospital, specialty pharmacy, or out-patient hospital pharmacy.

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