Drugs to treat diabetes, heart disease and blood cancers among those affected by price negotiations

Drugs to treat diabetes, heart disease and blood cancers among those affected by price negotiations

AP
Published16 Aug 2024, 02:14 AM IST
Drugs to treat diabetes, heart disease and blood cancers among those affected by price negotiations
Drugs to treat diabetes, heart disease and blood cancers among those affected by price negotiations

The Biden administration says Medicare recipients will save about $1.5 billion on out-of-pocket costs for medications to treat diabetes, heart disease, types of arthritis and other ailments under new prices negotiated with drug companies that will take effect in 2026.

The savings range from 79% for Januvia, used to manage diabetes, to 38% for Imbruvica, which is used to treat blood cancers. That is the medication’s cost before any discounts or rebates are applied, but not what the price people actually pay when filling their prescriptions.

A look at the drugs and the negotiated prices. Januvia

Manufacturer: Merck Sharp Dohme

Conditions: Diabetes

Negotiated price: $113 for a 30-day supply

Reduction: 79% Fiasp; Fiasp FlexTouch; Fiasp PenFill; NovoLog; NovoLog FlexPen; NovoLog PenFill:

Manufacturer: Novo Norodisk

Conditions: Diabetes

Negotiated price: $119 for a 30- day supply

Reduction: 76% Farxiga

Manufacturer: AstraZeneca AB.

Conditions: Diabetes, heart failure and chronic kidney disease

Negotiated price: $178.50 for a 30-day supply

Reduction: 68% Enbrel

Manufacturer: Immunex Corp.

Conditions: Rheumatoid arthritis, psoriasis and psoriatic arthritis

Negotiated price: $2,355 for a 30-day supply

Reduction: 67% Jardiance

Manufacturer: Boehringer Ingelheim

Conditions: Diabetes, heart failure and chronic kidney disease

Negotiated price: $197 for a 30-day supply

Reduction: 66% Stelara

Manufacturer: Janssen Biotech Inc.

Conditions: Psoriasis, psoriatic arthritis, Crohn’s disease, ulcerative colitis

Negotiated price: $4,695 for a 30-day supply

Reduction: 66% Xarelto

Manufacturer: Janssen Pharms

Conditions: Prevention and treatment of blood clots. Reduction of risk for patients with coronary or peripheral artery disease

Negotiated price: $197 for a 30-day supply

Reduction: 62% Eliquis

Manufacturer: Bristol Myers Squibb

Conditions: Prevention and treatment of blood clots

Negotiated price: $231 for a 30-day supply

Reduction: 56% Entresto

Manufacturer: Novartis Pharms Corp

Conditions: Heart failure

Negotiated price: $295 for a 30-day supply

Reduction: 53% Imbruvica

Manufacturer: Pharmacyclics LLC

Conditions: Blood cancers

Negotiated price: $9,319 for a 30-day supply

Savings: 38%

Catch all the Business News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:16 Aug 2024, 02:14 AM IST
Business NewsNewsDrugs to treat diabetes, heart disease and blood cancers among those affected by price negotiations

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Tata Steel

    149.40
    03:59 PM | 9 SEP 2024
    -1.85 (-1.22%)

    Bharat Electronics

    281.55
    03:47 PM | 9 SEP 2024
    -2.1 (-0.74%)

    Oil & Natural Gas Corporation

    298.95
    03:59 PM | 9 SEP 2024
    -9.95 (-3.22%)

    State Bank Of India

    784.30
    03:59 PM | 9 SEP 2024
    1.7 (0.22%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Alembic Pharmaceuticals

    1,204.15
    03:50 PM | 9 SEP 2024
    96.5 (8.71%)

    Jubilant Pharmova

    1,030.40
    03:55 PM | 9 SEP 2024
    78.5 (8.25%)

    PNB Housing Finance

    1,078.90
    03:46 PM | 9 SEP 2024
    53.35 (5.2%)

    General Insurance Corporation Of India

    403.65
    03:57 PM | 9 SEP 2024
    19.9 (5.19%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      73,360.000.00
      Chennai
      73,310.000.00
      Delhi
      73,460.000.00
      Kolkata
      73,310.000.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.86/L0.00
      Chennai
      100.85/L0.09
      Kolkata
      104.95/L0.00
      New Delhi
      94.72/L0.00
      HomeMarketsPremiumInstant LoanMint Shorts