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        Can Important Unions Collapse and Disappear?

        Can Important Unions Collapse and Disappear?

        The Right Amount of Cards, Cash and ID to Carry in Your Wallet

        Why Is Everyone So Unhappy at Work Right Now?

        Scrapping the state’s liquor license law makes economic sense

        Scrapping the state’s liquor license law makes economic sense

        Airlines are frustrating travelers by changing frequent flyer program rules – here’s why they keep doing it

        Airlines are frustrating travelers by changing frequent flyer program rules – here’s why they keep doing it

        Redirecting Innovation: Can We? Should We?

        Redirecting Innovation: Can We? Should We?

        The Hidden Risk of Getting Paid in Stock Options 

        So Thieves Nabbed Your Catalytic Converter. Here’s Where It Ended Up.

        Drug pricing and the ‘impossible trinity’ for patients

        Patent buyouts could spur vital innovation in antibiotics, vaccines, and other medical fields

        Questrom Women Mean Business: Meet Shannon Watkins, CMO of the Jordan Brand at Nike

        Questrom Women Mean Business: Meet Shannon Watkins, CMO of the Jordan Brand at Nike

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        S1:E1 CVS Paying the “Pink Tax” on Certain Products and the Evolution of the Electric Vehicle Industry

        Questrom $50K Case Competition: In the Trenches of Sustainability with Casella

        S1:E1 CVS Paying the “Pink Tax” on Certain Products and the Evolution of the Electric Vehicle Industry

        The Optimistic Pessimist

        Shein & Forever 21 Strike a Deal

        Shein & Forever 21 Strike a Deal

        S1:E1 CVS Paying the “Pink Tax” on Certain Products and the Evolution of the Electric Vehicle Industry

        Questrom and BU Means Innovation and Entreprenuership

        A new travel nightmare: New passport delays lasting 13 weeks

        A new travel nightmare: New passport delays lasting 13 weeks

        Leadership Communications

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        Demotivating Effects of Relative Performance Feedback on Middle-Ranked Workers’ Performance

        Demotivating Effects of Relative Performance Feedback on Middle-Ranked Workers’ Performance

        S1:E1 CVS Paying the “Pink Tax” on Certain Products and the Evolution of the Electric Vehicle Industry

        AI: What is it and how will it impact business?

        Is Creativity in Advertising Dead in the age of AI?

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        Can Important Unions Collapse and Disappear?

        Can Important Unions Collapse and Disappear?

        The Right Amount of Cards, Cash and ID to Carry in Your Wallet

        Why Is Everyone So Unhappy at Work Right Now?

        Black Friday is almost here. What to know about the holiday sales event’s history and evolution

        Black Friday is almost here. What to know about the holiday sales event’s history and evolution

        The Hidden Risk of Getting Paid in Stock Options 

        So Thieves Nabbed Your Catalytic Converter. Here’s Where It Ended Up.

        Drug pricing and the ‘impossible trinity’ for patients

        Patent buyouts could spur vital innovation in antibiotics, vaccines, and other medical fields

        ‘Vibrant community’: Life sciences in Massachusetts growing but startups need help

        ‘Vibrant community’: Life sciences in Massachusetts growing but startups need help

        Ethereum ETFs are Coming: Blackrock Files With the NASDAQ

        Ethereum ETFs are Coming: Blackrock Files With the NASDAQ

        Plane crashes, a global pandemic and terrorist attacks: How tragedy shaped DFW Airport

        Plane crashes, a global pandemic and terrorist attacks: How tragedy shaped DFW Airport

        The Right Amount of Cards, Cash and ID to Carry in Your Wallet

        Wall Street CEOs Flocked to Hong Kong—and Kept Quiet on China

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          AI Adoption in U.S. Health Care Won’t Be Easy 

          AI Adoption in U.S. Health Care Won’t Be Easy 

          Where Should Your Company Start with GenAI? 

          Where Should Your Company Start with GenAI? 

          How Retailers Can Capitalize on the “Refund Effect”

          How Retailers Can Capitalize on the “Refund Effect”

          Should Companies Refrain From Making Political Statements?

          Should Companies Refrain From Making Political Statements?

          Make It Safe for Employees to Speak Up – Especially in Risky Times

          Make It Safe for Employees to Speak Up – Especially in Risky Times

          Will Generative AI Create a New Era of Search Competition?

          Will Generative AI Create a New Era of Search Competition?

          A Better Approach to Customer-Centric Messaging and Engagement

          A Better Approach to Customer-Centric Messaging and Engagement

          How Coworking Spaces Impact Employee Well-Being

          How Coworking Spaces Impact Employee Well-Being

          Will Salary Transparency Laws Change Employee Compensation?

          Will Salary Transparency Laws Change Employee Compensation?

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          Home Our Insights Business Challenges Business Policy & Markets

          Humira Competitors Don’t Guarantee Lower Patient Drug Costs

          Bloomberg Law

          Rena ContibyRena Conti
          July 19, 2023
          in Business Policy & Markets, Media Mention, National Media
          16
          0
          Humira Competitors Don’t Guarantee Lower Patient Drug Costs
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          July 19, 2023

          Bloomberg Law recently published an article featuring Reni Conti, Associate Professor of Markets, Public Policy, and Law, discussing Humira, an anti-inflammatory drug, and its upcoming wave of competitors.

          There are seven new alternatives to Humira that will determine whether market competition can lower the price of expensive biologics. Some patients have noted they would not switch medications that work well for them without a substantial financial incentive. Humira offers many benefits and savings that deter patients and prescribers from switching treatments, like the Humira Complete Savings Card, which allows users to pay as little as $5 per month for the treatment.  

          This “fits that bill of making the patient indifferent in some way to using the brand or using that biosimilar,” Conti stated.

          Availability to patients and negotiation rules in healthcare are also important factors to consider. To avoid government-mandated price cuts, Medicare will likely push biologic manufacturers to allow more competition under the IRA, which allows Medicare to negotiate the prices of some of the drugs it spends the most on.

          Source: Humira Competitors Don’t Guarantee Lower Patient Drug Costs
          Via: Bloomberg Law
          Tags: Drug Pricesmedia mentionRena Conti
          Rena Conti

          Rena Conti

          Rena M. Conti is an Associate Professor at the Boston University Questrom School of Business. From 2006 through June 2018, Professor Conti was an Associate Professor of Health Economics and Policy at the University of Chicago Medical School and the Harris School of Public Policy. She is a health economist and her research focuses on the organization, financing and regulation of medical care. She has written extensively on the pricing, demand and supply of prescription drugs.

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