IQVIA™ Institute for Human Data Science Releases 2019 Medicines Report on U.S. Drug Consumption; U.S. Rx Opioid Volume Declined 17% in 2018 – Largest Single-Year Drop Ever Recorded
IQVIA Holdings, Inc. (IQV)
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Source: Business Wire
Spending on all U.S. medicines increased 4.5 percent to $344 billion on a net price basis, despite lower price growth, due to higher patient use of new and protected brands. In 2018, 29 billion fewer morphine milligram equivalents (MMEs) were dispensed to patients on a volume basis compared to 2017. The steepest decline occurred in the “high-strength” formulations (=90 MMEs/day), which declined by 61 percent since 2011. Decline drivers include shifts in clinical usage, new regulatory and reimbursement policies and legislation tightening restrictions on prescription opioid use since 2012. Overall medicine spending is expected to increase 3-6 percent on net basis to $420 billion by 2023. DANBURY, Conn. & RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)-- The latest report from the IQVIA™ Institute for Human Data Science found
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IQV
Earnings
- 2/14/24 - Beat
IQV
Sec Filings
- 4/17/24 - Form 8-K
- 3/4/24 - Form 4
- 3/4/24 - Form 4
- IQV's page on the SEC website