Press Release: Biotech Drug Spending Increases 21 Percent Even as Growth in Rx Expenditure Slows - FierceBiotech: "Biotech Drug Spending Increases 21 Percent Even as Growth in Rx Expenditure Slows
ST. LOUIS -- Apr 25, 2007 - Express Scripts, a leading pharmacy benefit manager, today announced spending on high-cost biotech drugs increased 21 percent in 2006. This increase excludes spending for biotech drugs within the medical benefit, such as those administered in physician offices or other therapies that traditionally fall into the medical benefit. Spending increased 25 percent in 2005. Released at the company's annual Outcomes Conference, the 2006 Drug Trend Report also estimates overall biotech drug costs will reach $99 billion by 2010 accounting for 26 percent of total drug spending."
