financetom
Business
financetom
/
Business
/
Boehringer to cap out-of-pocket inhaler cost at $35 per month
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Boehringer to cap out-of-pocket inhaler cost at $35 per month
Mar 7, 2024 4:44 AM

March 7 (Reuters) - Boehringer Ingelheim will cap

out-of-pocket costs for the company's inhaler products for a

chronic lung disease and asthma at $35 per month starting June

1, the German drugmaker said on Thursday.

The company said its new program will dramatically decrease

costs at the pharmacy counter for patients, including those who

are uninsured or underinsured.

High healthcare costs in the United States are a grave

concern for lawmakers and politicians, and lowering which is a

key part of President Joe Biden's 2024 re-election campaign.

"Conversations about prescription drug prices continue, and

we've listened. We think it is important to come forward with

solutions now that will benefit patients, while we also continue

work with policymakers and other stakeholders on broader system

reform," the company said.

Boehringer will also decrease the list price on some of its

inhaler products, the company said, without providing further

details.

The company has cut out-of-pocket costs for its full range

of inhaler products including Atrovent, Combivent Respimat and

Spiriva HandiHaler, used to treat respiratory conditions such as

asthma and chronic obstructive pulmonary disease (COPD), a

disease that commonly affects smokers.

COPD, or "smoker's lung" which damages the lungs

progressively, affects around 16 million Americans and is the

sixth leading cause of death in the country, according to the

Centers for Disease Control and Prevention.

The U.S. Food and Drug Administration (FDA) in June last year

approved the first generic version of Boehringer's Spiriva

HandiHaler by Indian drugmaker Lupin Ltd.

Spiriva, once a top-selling lung disease drug for

controlling symptoms of COPD, has been under pressure from

generic competition in Europe and rival drugs such as GSK Plc's ( GSK )

Advair and Roche's Xolair, among others.

Boehringer was accused in a federal lawsuit in Boston on

Wednesday of improperly submitting patents to the FDA to delay

generic competition and inflate prices for its lung disease

drugs Combivent Respimat and Spiriva Respimat.

(Reporting by Pratik Jain in Bengaluru; Editing by Shinjini

Ganguli)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
CN Rail Down 0.6% After Hours On Earnings Miss; But Flagged Strong 2025 and Lifted Its Dividend
CN Rail Down 0.6% After Hours On Earnings Miss; But Flagged Strong 2025 and Lifted Its Dividend
Jan 30, 2025
04:36 PM EST, 01/30/2025 (MT Newswires) -- Canadian National Railway ( CNI ) was at last look down 0.6% in after hours New York trading Thursday as it reported lower than expected fourth-quarter earnings and flagged strong growth down the line in 2025, while lifting its dividend. The company said its adjusted profit, which excludes most one-time items, fell to...
Weyerhaeuser Q4 Adjusted Earnings, Revenue Decline
Weyerhaeuser Q4 Adjusted Earnings, Revenue Decline
Jan 30, 2025
04:36 PM EST, 01/30/2025 (MT Newswires) -- Weyerhaeuser (WY) reported Q4 adjusted earnings late Thursday of $0.11 per diluted share, down from $0.16 a year earlier. Analysts polled by FactSet expected $0.07. Net sales for the quarter ended Dec. 31 were $1.71 billion, down from $1.77 billion a year earlier. Analysts surveyed by FactSet expected $1.72 billion. ...
Eastman Chemical Q4 Adjusted Earnings, Revenue Rise; 2025 EPS Outlook Issued
Eastman Chemical Q4 Adjusted Earnings, Revenue Rise; 2025 EPS Outlook Issued
Jan 30, 2025
04:38 PM EST, 01/30/2025 (MT Newswires) -- Eastman Chemical ( EMN ) reported Q4 adjusted earnings late Thursday of $1.87 per diluted share, up from $1.31 per share a year earlier. Analysts polled by FactSet expected $1.57 per share. Sales revenue for the quarter ended Dec. 31 was $2.25 billion, up from $2.21 billion a year earlier. Analysts surveyed by...
Northvolt's North American division CEO to step down
Northvolt's North American division CEO to step down
Jan 30, 2025
(Reuters) - Northvolt's co-founder Paolo Cerruti will step down from his role as chief executive officer of its North American division, the Swedish electric-vehicle battery maker said on Thursday. Karen Chang - who has played a key role in the company's Canada-based battery gigafactory, Six project - will serve as interim CEO in the transition period. Cerruti will retain his...
Copyright 2023-2026 - www.financetom.com All Rights Reserved