Connect with us

Hi, what are you looking for?

Universal Financial DomeUniversal Financial Dome

World

GSK to cap out-of-pocket inhaler costs in US

British pharmaceutical giant GSK said on Wednesday it would cap out-of-pocket costs for all its inhaled asthma and chronic lung disease medicines at $35 per month for eligible patients in the United States, following similar moves by two of its rivals.

GSK said the decision will take effect by Jan. 1, 2025.

The cost cap would apply to all of its asthma and chronic obstructive pulmonary disease (COPD) medicines, including Advair Diskus, Advair HFA, and Trelegy Ellipta, and would apply to patients whose monthly costs currently exceed $35.

US lawmakers in January had criticized the top four inhalers manufacturers — AstraZeneca, Boehringer, Teva Pharmaceuticals and GSK — over high prices, and launched an investigation to look into the prices at which these were sold in the US versus other countries.

The lawmakers claimed in the letter sent to the four companies in January that GSK’s Advair HFA costs $319 in the United States but $26 in the United Kingdom.

The company said it has recently reduced the wholesale acquisition cost for Advair Diskus by an average of 50% and Advair HFA by an average of 20%.

Anglo-Swedish drugmaker AstraZeneca and Germany’s Boehringer Ingelheim said earlier this month they would cap out-of-pocket costs for their inhaled respiratory products at $35 per month in the US from June. – Reuters

Advertisement

    You May Also Like

    Sports

    Tough start to the week for Charlie Woods, and it had nothing to do with his golf game. While warming up for Friday’s pro-am...

    Sports

    The Buffalo Bills know safety Damar Hamlin, who has recovered from collapsing after a cardiac arrest during a game on Jan. 3, wants to...

    Sports

    The Boston Bruins’ record-setting 65 wins and 135 regular-season points have rolled back to zero. The big number now is 16, the number of...

    World

    WASHINGTON — The United States scrambled F-16 fighter jets in a supersonic chase of a light aircraft with an unresponsive pilot that violated airspace...

    Disclaimer: UniversalFinancialDome.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 UniversalFinancialDome.com | All Rights Reserved