WASHINGTON—Medicare could have saved more than $1 billion and Medicare patients $275 million over two years if doctors treated a serious eye disease with Genentech's Avastin instead of the company's similar but more expensive drug Lucentis, according to a new government audit.
The report by the inspector general of the Department of Health and Human Services also urged the Centers for Medicare and Medicaid Services to ask Congress for more power to demand lower costs from manufacturers of expensive biologic drugs like Lucentis.
Looking beyond the spin of Big Pharma PR. But encouraging gossip. Come in and confide, you know you want to! “I’ll publish right or wrong. Fools are my theme, let satire be my song.” Email: jackfriday2011(at)hotmail.co.uk
Wednesday, September 07, 2011
U.S. Audit Takes Closer Look at Genentech's Avastin - WSJ.com
via online.wsj.com
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