Eli Lilly and Co has pulled ahead in a three-way race with Amgen Inc and Teva Ph...
INDIANAPOLIS - Eli Lilly and Co has pulled ahead in a three-way race with Amgen Inc and Teva Pharmaceutical Industries Ltd in attracting new patients to a new class of migraine drugs, and seeks to build on that advantage by stressing that its therapy can completely prevent headaches in a small percentage of patients.
While Amgen’s therapy was the first to be approved for the U.S. market last May, Lilly has fought to gain more favorable insurance coverage by offering deep discounts. Those efforts appear to have paid off. Lilly is the only drugmaker in the class currently covered by all three of the leading companies that manage Americans’ prescription drug benefits: Cigna Inc’s Express Scripts, UnitedHealth Group’s OptumRx and CVS Health.
Pharmacy benefits companies that manage prescription drug coverage for tens of millions of Americans were able to pit the manufacturers against each other in negotiations, arguing the therapies were virtually interchangeable and did not appear to improve upon the cheaper generic drugs already on the market, Reuters reported on April 29.
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