Sanofi plans to change hospital drug-discount program, WSJ reports [Yahoo! Finance]
Sanofi - American Depositary Shares (SNY)
US:NYSE Investor Relations:
sanofi.com/en/investors
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Source: Yahoo! Finance
Sanofi plans to send a letter, reviewed by WSJ, to hospitals outlining its new model on Friday, the report said, citing people familiar with the matter. A company spokesperson said that Sanofi had no comment at this time. Sanofi's new plan will take effect early next year and will require institutions to provide pharmacy and medical claims information, such as the drug's order or a patient's hospital visit, before receiving federally mandated discounts under a program known as 340B, according to the report. Under Sanofi's new plan, certain hospitals covered by the 340B program would order drugs at full price from a wholesaler, the report added. Last week, drugmakers Eli Lilly and Johnson&Johnson filed cases centered around the 340B program against U.S. federal health agencies. Lilly sued the Health Resources and Services Administration (HRSA) over allegedly blocking the company's plan to change the way it offers drug discounts to hospitals. Lilly said that its program is de
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