AstraZeneca inks a value-based agreement with UPMC Health Plan
Category: #health  By Mateen Dalal  Date: 2019-01-29
  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn

AstraZeneca inks a value-based agreement with UPMC Health Plan
  • The deal links reimbursement for the blood thinner to the cardiovascular outcomes of patients.
     
  • Sources familiar with the development claim that patients would be required to pay between USD 7 and USD 10 for a 30-day supply of the drug.

British multinational pharmaceutical firm AstraZeneca has reportedly announced to have signed an agreement with UPMC Health Plan which links reimbursement for the blood thinner to the cardiovascular outcomes of patients. As per trusted sources, the said blood thinner is approved to reduce the risk of death or a second cardiac arrest in people who have already had one in the past.

Reportedly, the deal applies to the Medicare plan of the payer. Moreover, it further cuts out-of-pocket expenditure for the members of UPMC by making available Brilinta at generic-like prices. According to a statement released by UPMC Health Plan, which is affiliated with the University of Pittsburgh Medical Center, the deal could potentially save its members hundreds of dollars over a year.

SVP of U.S. market access at AstraZeneca, Rick Suarez was reportedly quoted saying that the latest deal is one of its kind and has probably never been seen in the U.S. market. Both the pharmaceutical firm and the insurer come together to deliver on the promise of the medicine as they have shared accountability, Suarez further added.

Sources familiar with the development claim that patients would be required to pay between USD 7 and USD 10 for a 30-day supply of the drug.

For the record, this is not the first value-based deal that has been signed by AstraZeneca for Brilinta, which garnered USD 945 million in sales in the first nine months of 2018. The British drug maker has also struck outcomes-based deals with Harvard Pilgrim for both cardio-metabolic drug Bydureon and Brilinta. Reportedly, Harvard Pilgrim is likely to pay less if the drugs fail to reach the predetermined outcome benchmarks.

  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn


About Author

Mateen Dalal     twitter

Mateen Dalal

A qualified electronics and telecommunication engineer, Mateen Dalal embarked on his professional journey working as a quality and test engineer. Harnessing his passion for content creation however, Mateen pens down industry-rich articles for ReportsGO.com and a few o...

Read More..

More News By Mateen Dalal

Sequoia India launches Spark Fellowship to support female entrepreneurs

Sequoia India launches Spark Fellowship to support female entrepreneurs

By Mateen Dalal

The Spark fellowship program is for women entrepreneurs in India and Southeast Asia. The year-long program is aimed at bringing more gender diversity and supporting startups led by women. Sequoia Capital has recently revealed the launch of a yea...

Biden names avid tech critic Jonathan Kanter as DOJ antitrust chief

Biden names avid tech critic Jonathan Kanter as DOJ antitrust chief

By Mateen Dalal

U.S. President Joe Biden will reportedly nominate Jonathan Kanter, a competition lawyer, and fervid Google critic, to head the antitrust division of the Justice Department. Kanter has been actively representing several companies in competition cases...

UK’s Freedom Day tainted by growing infections and PM’s self-isolation

UK’s Freedom Day tainted by growing infections and PM’s self-isolation

By Mateen Dalal

U.K. Prime Minister Boris Johnson’s ‘Freedom Day’ has reportedly been ruined by forced self-isolation, rising COVID-19 infections, and warnings of shortages in supermarkets. For the record, England has had strict lockdowns since th...