SESSION III: THE SPECIALTY PHARMACEUTICALS MARKETPLACE: IS PRICE - - PowerPoint PPT Presentation

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SESSION III: THE SPECIALTY PHARMACEUTICALS MARKETPLACE: IS PRICE - - PowerPoint PPT Presentation

SESSION III: THE SPECIALTY PHARMACEUTICALS MARKETPLACE: IS PRICE INELASTICITY SUSTAINABLE? Headlines Exclusive Costs to public of $84,000 hp C Drug outreageous- Kaiser.


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SESSION III: THE SPECIALTY PHARMACEUTICALS MARKETPLACE: IS PRICE INELASTICITY SUSTAINABLE?

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Headlines

“Exclusive Costs to public of $84,000 hp C Drug outreageous-Kaiser.” http://www.reuters.com/article/2014/04/02/us-hepatitisc-gilead-sciences- idUSBREA311Y120140402, accessed 2/9/2015

“$1,000 Pill For Hepatitis C Spurs Debate Over Drug Prices”

http://www.npr.org/blogs/health/2013/12/30/256885858/-1-000-pill-for-hepatitis-c- spurs-debate-over-drug-prices. Published December 30,2013, accessed 2/10/2015.

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Source: http://www.nytimes.com/interactive/2013/03/19/business/for-some-spending-less-on-drugs.html

The Rise of Specialty Pharmaceuticals

Expected to be 50%

  • f pharmaceutical

spending by 2019 Pharmaceutical spending grew by 13.1% in 2014 to $374 Billion.

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Specialty Pharmaceuticals

Hirsch, Bradford R., Suresh Balu, and Kevin A. Schulman. "The Impact Of Specialty Pharmaceuticals As Drivers Of Health Care Costs." Health Affairs 33.10 (2014): 1714-1720.

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Population and Personalized Medicine in the Modern Era

  • JAMA. 2014;312(19):1969-1970. doi:10.1001/jama.2014.15224

Rise of Personalized Medicine

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Personalized Medicine: BRAF V600E Mutation

Chapman, Paul B., et al. "Improved survival with vemurafenib in melanoma with BRAF V600E mutation." New England Journal of Medicine 364.26 (2011): 2507-2516.

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PCSK9 and Cardiovascular Disease

Sabatine MS et al. N Engl J Med 2015;372:1500-1509; Robinson JG et

  • al. N Engl J Med 2015;372:1489-1499.
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Specialty Pharmaceuticals

Hirsch, Bradford R., Suresh Balu, and Kevin A. Schulman. "The Impact Of Specialty Pharmaceuticals As Drivers Of Health Care Costs." Health Affairs 33.10 (2014): 1714-1720.

150 120

90 60 30

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Economics

Warden, 2005

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Panel Discussion

MODERATOR Kevin Schulman Duke University PANEL Justin Klein NEA Richard Evans Head of Healthcare Practice SSR LLC Sean Tunis Center for Medical Technology Policy Julie Stoss Kaiser Permanente