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According to The American Journal of Managed Care, in 1990 there were 10 specialty drugs on the market. [9] According to the National Center for Biotechnology Information, by the mid-1990s, there were fewer than 30 specialty drugs on the market, but by 2008 that number had increased to 200.
Jul 16, 2024 · A specialty pharmacy will stock many of the drugs that are not usually found in your community or retail pharmacy. Some medications are required by the FDA to be prescribed and dispensed only by certified doctors and pharmacists, and specialty pharmacies may provide these drugs, along with required education and monitoring.
Specialty drugs are high-cost prescription medications used to treat complex, chronic conditions like rheumatoid arthritis, multiple sclerosis, and cancer. These medications often require special handling and administration.
Oct 26, 2021 · A specialty pharmacy provides medications used to treat serious or rare health conditions. This means specialty pharmacies must be uniquely equipped to handle expensive and complex medications. Learn more from GoodRx about the differences between a traditional pharmacy and a specialty pharmacy.
Jul 1, 2020 · In the mid-1990’s, fewer than 30 specialty medications existed, whereas there are currently more than 300 specialty drugs on the market. Currently, most drugs in the pipeline are specialty pharmaceuticals, particularly oncology agents.
Jan 20, 2022 · We expect to see continued growth in the specialty market, driven not only by wider use of existing therapeutics, but also by new-to-market drugs. Of the estimated $118 billion total specialty market expansion through 2025, we anticipate new products to account for $62 billion of that growth.
Dec 6, 2018 · Drugs are classified as specialty products most often due to the cost and complexity of the therapy. NASP defines specialty pharmacy as “a state-licensed pharmacy that solely or largely provides only medications for people with serious health conditions requiring complex therapies.
