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Travoprost + Timolol Eye Drops 40mcg/5mg/ml 2.5ml Long Term Price Trends
This product has seen its market price decay from around £13.00 in 2017 – 2020 to a low of £4.29 in September 2024. This may have pushed this combined product, complicated to make due to its combined and device characteristics, into unprofitability as it has been granted concessions in 2022, 2023 and 2024.
Is the number of concessions granted each month increasing or declining?
With the number of concessions granted by DHSC in October at just 106, the lowest number since May 2022, we wondered if this was a signal of a reduction in the number of shortages or if it was just a blip?
Huge price spikes of Apixiban 5mg 56 drive investigation of the long term view of both the generic and brand.
WaveData’s Head of Data, Natalie Fancourt, alerted us to the huge price spikes on Apixaban 5mg 56. Charles Joynson, WaveData MD, decided to investigate the longer term view of both the Generic and Brand.
What Price Triggers A Shortage? Part 3
Today we want to explore the low market prices which happen before a shortage begins, and try to work out when manufacturers should alter their forecasts. Looking at the low market prices which precede shortages, it does appear that the vast majority of these take place when the generic product is being sold to pharmacies for between 1% and 7% of the branded products’ reimbursement price.
What Price Triggers a Shortage? Part 2
Today we want to look at these low guaranteed shortage inducing prices for larger groups of products and the first step is to find a way to compare products with widely differing prices. For example, the average market price of Irbesartan Tabs 75mg 28 is less than £1.00, whereas the market price of Famciclovir Tabs 500mg 14 is over £100.00. So, we can’t simply say that any price below £3.00 risks a shortage, because some products are easy and cheap to make and transport, and others more difficult and cost more. To put all products on a level footing we need to find a better way to describe this unprofitable (£1.64) point, so the supply chain can look out for it.
What Price Triggers A Shortage?
Over the last few years, WaveData has repeatedly analysed shortages and concessions, trying to find links with market prices. The connection seems fairly obvious to us, with 24 years of historical market price data we have the luxury of having the right data to be able to analyse long term pricing and concessions side by side. We strongly believe that the primary triggers that cause shortages are based on two key factors.
Is there a link between the number of monthly concessions and the amount of short dated stock on sale to pharmacies and dispensing doctors?
It seems relatively obvious to say that if there is a serious shortage there probably won’t be much stock of any form around, generic, brand, parallel import or short dated. This probably means that any short dated stock that was in the supply chain, even with very little time left before expiry, will be used up very quickly when there’s a major shortage.
How long does it take new generic launches to be added to Category M of the drug tariff?
Twice before WaveData to have looked into this subject only to find there is no link between product value and the delay in the introduction of Category M. However, time moves on, so we thought we’d repeat the analysis, partly because of a recent client request, and...
Pregabalin Prices Hotting Up
Finally, it really does feel like Summer. Looking out of the window at WaveData HQ the sky is blue and the sun is shining. It will be ice creams all round at lunch time today! It’s not just the temperature that's hotting up….. Dave Wallace at The Generics Bulletin...
Olanzapine 10mg 28 – one to watch
Whilst researching for the June edition of WaveData’s Bulletin, Editor Jackie Moss flagged up Olanzapine Tabs 10mg 28 as one to watch. After a reasonably long period of stability, with the average price not exceeding £0.80 since April 2022, we have seen a month on...
How does Category M affect Pharmacies and Manufacturers?
Prompted by a Client’s questions about Category M and the formula that goes behind it to drive Pharmacy profitability, we asked Charles Joynson, WaveData MD, to have a closer look at Category M to see if he can make any sense of it.
Brand reimbursement price increases and the effect on parallel imports
What happens when the department of health (DHSC) agree an increase in the reimbursement price of a brand (VPAS or VPAG)? How does this affect parallel imports?
Why is there a shortage of Clarithromycin?
Dr. Leyla Hannbeck, Chief Executive of the Independent Pharmacies Association, has reported that pharmacies are completely out of stock of Clarithromycin. This antibiotic is used to treat children with whooping cough and pharmacies are now having to turn patients away or ask doctors to prescribe alternative antibiotics.
Today we decided to take a look at the price of Ozempic.
The current Ozempic shortage has been driven by the increase in demand as the drug is being used to treat obese patients for long term weight management, in addition to the original group of type 2 diabetes patients.
Do Pharmacies and Dispensing Doctors always get good deals on parallel imports?
The vast majority of discounts available to Pharmacist and Dispensing Doctors are between 0% and 19.9%, with the average at 11%.
Salbutamol Nebuliser Liquid Unit Dose Vials 2.5mg/2.5ml 20 shortage hits hospitals, pharmacies, and surgeries
Hospitals have been advised to place urgent orders and not wait for supplies to be exhausted. There is no real alternative to Salbutamol and it’s a critical part of daily medicine and risks serious harm to patience if supply issues are not resolved quickly. The 2.5 mg pack of this critical medicine has been available for just under £2 for a very long period of at least 10 years. However, between June 2017 and July 2018 the average market price fell to £1.40. At this point manufacturers may have decided that this product was not profitable in the long-term and withdrew some of their manufacturing capability.
Charles Joynson, WaveData MD, analyses the concessions granted and their relationship with the drug tariff price.
Concessions are granted when products are in short supply and their prices are starting to rise. It would seem sensible to assume that products with low reimbursement prices are more likely to experience supply difficulties simply because the manufacturer cannot make any money out of them.
In pharma try not to scare the horses!
Charles Joynson, WaveData MD, continues to research ADHD drug pricing trends and activity.
For much of its history, Dexamfetamine Tabs 5mg 28 maintained a price sufficient for manufacturers to be sustainable and for pharmacies to be profitable.
ADHD Drug Shortages and Methylphenidate long term price trends
An increase in global demand due to a rapid rise in the number of ADHD diagnoses, manufacturing issues and delays in distribution are the main reasons for the shortages, say the DHSC. But, what about profitability? Is the market still attractive and generating enough profit for manufacturers to encourage them to compete? Charles Joynson, WaveData MD, investigates the long term price trends of Methylphenidate Tabs 10mg 30s.
Supply problems with Oxcarbazepine impacting patients with epilepsy
In Parliament his month questions were posed to Andrew Stephenson, Secretary of State for Health and Social Care by Peter Grant MP (SNP). He asked ‘What steps the Department is taking to ensure that there is an adequate supply of Oxcarbazepine for patients with epilepsy.’
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