According to a study by PBM Express Scripts, spending on biotech drugs increased 21% in 2006.
According to a study by PBM Express Scripts, spending on biotech drugs increased 21% in 2006. Of the top six biotech drug classes, five saw increases in spending. Cancer therapies saw the largest amount-nearly 40%-while biotech therapies for multiple sclerosis grew 19%. Spending on hepatitis C dropped 8%. The study attributed the lower spending on hepatitis C therapies to the availability to alternative generic treatments for the disease. The Express Scripts report also estimated that biotech spending may reach $99 billion by 2010 and would account for 26% of total drug spending. The analysis was based on prescription drug use for two samples of three million unique Express Scripts customers in 2005 and 2006.
To see more Hot off the Press news articles, click here.
To go to the Drug Topics homepage, click here.