Year: 2024

Mount Sinai Reports 340B Pharmacy Revenue Losses in Early 2024

June 11, 2024 Shannon Young, Associate Editor/Senior Writer Views

New York City-based Mount Sinai Hospital reported significantly decreased 340B pharmacy revenue at the start of 2024.

A major New York City hospital reported that decreased 340B pharmacy revenue helped drive millions in year-over-year losses in one [...]

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340B Reform Could Generate Federal Savings, Says Consulting Firm That Has Conducted 340B Studies for Pharma Friendly Groups

June 11, 2024 Rich Daly, Editor in Chief Views

Avalere's Milena Sullivan told 340B Report that it's important to understand "the impact 340B reform could have on federal spending."

A federal legislative overhaul of the 340B program could provide Medicare savings for the federal government, according to a review [...]

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Five Manufacturers Announce Refunds to 340B Providers

June 11, 2024 Rich Daly, Editor in Chief Views

Apotex Corp. announced in a July 2 notice to 340B providers that it will issue refunds to 340B covered entities that purchased any of nearly 400 products.

Five drugmakers have issued recent refund notices to 340B covered entities for drug overcharges. In letters posted on the website [...]

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Key House Hearing Intensifies Debate on 340B’s Future Amid Multiple Major Reform Efforts

June 6, 2024 William Newton, Associate Editor/Senior Writer Views

Rep. Morgan Griffith (R-VA), chairman of the House Energy and Commerce Oversight and Investigations Subcommittee, speaks at a hearing on June 4, 2024.

A House oversight hearing this week added to the growing debate over the 340B program’s future as federal lawmakers continue [...]

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Minnesota Is Seventh State to Enact 340B Contract Pharmacy Law, State Also Expands Covered Entity Reporting

June 6, 2024 Rich Daly, Editor in Chief Views

Minnesota Gov. Tim Walz (D) signed a law to prohibit drugmaker 340B contract pharmacy restrictions in the state.

Minnesota became the 7th state to enact a law to protect distribution of 340B drugs through contract pharmacies when the [...]

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New York Unlikely to Move 340B Contract Pharmacy, PBM Protections Bill in 2024, Sponsors Say

June 6, 2024 Shannon Young, Associate Editor/Senior Writer Views

New York lawmakers are expected to leave Albany this week without passing legislation that would bar drug manufacturers' and pharmacy benefit managers' (PBMs) policies against covered entities and N.Y. pharmacies based on their 340B participation.

New York lawmakers are expected to leave Albany this week without passing legislation that would bar drug manufacturers and pharmacy [...]

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Novartis Follows PhRMA in Seeking to Block Mississippi 340B Contract Pharmacy Law

June 6, 2024 Rich Daly, Editor in Chief Views

Drugmaker Novartis has filed the second lawsuit challenging Mississippi's 340B contract pharmacy access law.

Drugmaker Novartis recently filed the second lawsuit that seeks to block implementation and enforcement of a recently enacted Mississippi law [...]

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BMS Requires Re-Designation of 340B Contract Pharmacies and New Requirements Intended to Prevent Alternative Distribution Models

June 6, 2024 Rich Daly, Editor in Chief Views

Drug manufacturer BMS updated its 340B contract pharmacy restrictions to require pharmacies to re-register by June 21 and add additional requirements.

Bristol Myers Squibb (BMS) announced updates to its conditions on pharmaceutical sales involving contract pharmacies, requiring registered sites to be [...]

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Sobi Becomes 34th Drugmaker to Implement Contract Pharmacy Restrictions, Exelixis Tightens Contract Pharmacy Policy

June 6, 2024 Shannon Young, Associate Editor/Senior Writer Views

California-based Exelixis, a specialty manufacturer with two high-priced drug products on the market, announced it is further restricting contract pharmacy access to 340B hospitals in a May 31 letter published on 340B ESP.

Swedish biopharmaceutical company Sobi announced this week that beginning July 1 it will implement 340B contract pharmacy restrictions, making the [...]

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Expert Tip from The Alinea Group — June 2024

June 6, 2024 Sponsored Content Views

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