The following tests your knowledge about the details of the…
The following tests your knowledge about the details of the pharmaceutical industry. A generic manufacturer can file a lawsuit called a “Paragraph IV certification” against a branded drug. Explain the purpose of a Paragraph IV lawsuit. What is a Pharmacy Benefit Manager (PBM)? What is a drug formulary? Explain how insurers/PBMs can use a formulary to promote competition and lower prices between drugs. European countries use “Reference pricing” as part of their bargaining process to lower pharmaceutical prices. Explain how reference pricing works.