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NEW YORK (Reuters) - CVS Health Corp, a top U.S. manager of pharmacy benefits, has added new migraine drugs from Teva Pharmaceutical Industries and Eli Lilly and Co to its list of covered drugs, excluding a rival treatment from Amgen Inc, a CVS spokeswoman told Reuters on Friday. CVS’s decision represents a setback for sales of Amgen’s Aimovig, as many patients who rely on the coverage list will now have easier access to the rival Teva and Lilly drugs. Inclusion on the preferred drugs lists by the largest pharmacy benefit managers (PBMs) and health insurers is seen as critically important for sales of new medicines.
About 39 million Americans suffer from migraine headaches, according to the Migraine Research Foundation, and global migraine drug sales could reach $8.7 billion by 2026, according to analytics firm GlobalData, Shares of Amgen fell 1.3 percent to $198.27, Teva shares traded in New York were up 1.3 percent at $19.60, while Lilly was off 0.5 percent at $114.36, An Amgen spokeswoman said the company was disappointed by the CVS decision and that it would work toward Aimovig being best place to buy cufflinks a preferred brand on CVS coverage lists..
The move by CVS is a positive development for Teva, whose drug was initially excluded from the list of covered drugs by Express Scripts, another large U.S. PBM. Its status recently changed and it may appear on some coverage lists, but likely with a higher out-of-pocket cost, Express Scripts said on Friday. Teva’s Ajovy and Lilly’s Emgality will be available to members who have tried and failed to be helped by other preventive migraine treatments, CVS spokeswoman Christine Cramer said in an emailed statement.
The treatments belong to a class of drugs called CGRP inhibitors that have proven effective in helping best place to buy cufflinks to prevent migraines, and whose prices were backed as cost effective by the Institute for Clinical and Economic Review, Cramer said, ICER is a non-partisan research organization that reviews the clinical and economic value of medicines, Cramer did not provide a reason for why the company had excluded Amgen, PBMs typically extract discounts from drugmakers in return for favorable placement on their list of covered drugs, such as through a low co-payment, or coinsurance payment, for their members..
A Teva spokeswoman said in a statement that 60 percent of commercial patients now have access to Ajovy through covered drug lists and that discussions are continuing with other national and regional payers. All three migraine drugs have a list price of $575 a month, or $6,900 a year. Those prices do not reflect rebates and discounts drugmakers typically provide to PBMs, who design and negotiate benefits for employers and insurers. All three companies have said that they are providing a limited duration supply of these drugs at no cost directly to patients in addition to other assistance programs.
WASHINGTON (Reuters) - Two U.S, House Democrats who chair panels overseeing aviation best place to buy cufflinks issues warned Friday the ongoing partial government shutdown is jeopardizing aviation safety as air traffic controller staffing shortages forced a temporary halt to flights arriving at a New York airport and delayed hundreds of flights in the country’s northeast, “This shutdown is hurting American families and the aviation economy, and is jeopardizing the safety of the largest, busiest, and most complex airspace system in the world,” said Representative Rick Larsen, who chairs the Transportation Committee’s subcommittee on aviation..
MONTREAL (Reuters) - WestJet Airlines, Canada’s No. 2 carrier, is experiencing delayed and canceled flights and expects “further delays and possible cancellations if more constraints are placed” on the U.S. air traffic system, a spokeswoman said on Friday. Hundreds of flights were grounded or delayed at New York-area and Philadelphia airports as more air traffic controllers called in sick on Friday, in one of the most tangible signs yet of disruption from a 35-day partial shutdown of the U.S. government.
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