New analysis finds 340B program growth continues to accelerate despite false claims

14 July 2017
phrmabig

This week, Berkeley Research Group (BRG) released a new whitepaper pushing back on the highly misleading claim that sales under the USA’s Medicare Part B drugs purchased by hospitals through the 340B program are only 2% of annual US drug sales.

Citing a number of inconsistencies in the methodology used to calculate the false claim, the BRG recalculated the statistic and found that 340B drug purchases represented more than nearly four times the figure that is often referenced, according to a posting on the Pharmaceutical Research and Manufacturers of America website by Nicole Longo, senior manager of public affairs at PhRMA.

To make a more accurate calculation, the whitepaper compares total gross 340B purchases to the total gross market for which 340B purchased drugs are eligible, rather than comparing apples to oranges by looking at net to gross. It also excludes drugs purchased for use in inpatient settings since 340B drugs are specifically for outpatient use. Roughly 45% of Medicare acute care hospitals participate in 340B.

This article is accessible to registered users, to continue reading please register for free.  A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Login to your account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK



Today's issue

Company Spotlight





More Features in Pharmaceutical