Tag Archives: million

Drug shortages cost hospitals close to $360 million annually in labor expenses

Drug shortages are challenging pharmacy teams in hospitals across the U.S. A new survey from Vizient finds that, on average, hospitals dedicate more than 8.6 million hours of additional labor hours annually to manage drug shortages. The financial impact adds up to just under $ 360 million annually in labor costs for time spent seeking… Read More »

Bluebird CEO defends $1.8 million gene therapy price — ‘It’s really thinking about it differently’

Bluebird Bio CEO Nick Leschly on Friday defended the biotech company’s $ 1.8 million price tag for its new gene therapy to treat a rare genetic blood disorder. Bluebird’s therapy, Zynteglo, was approved in Europe earlier this month for patients with beta thalassemia who require regular blood transfusions to manage their disease and have no… Read More »

Disease has cost Africa 630 million years of ‘healthy life’, according to WHO study

A Ugandan doctor checks a Somali child at an outpatient hospital run by the African Union Mission in Somalia (AMISOM) in Mogadishu, Somalia. (Photo by John Moore/Getty Images) Diseases, disability and early death, resulting from illness, has cost the economy of the African continent’s 54 nations $ 2.4 trillion in annual workforce productivity losses in… Read More »