Rayaldee price at Blink & Miami Pharmacies

Great research Gutset! Thank you.

This morning I had a one-on-one meeting with the CEO of a large pharmaceutical company. How did I do this? Not because of my charm or net worth. I rent many apartments and our area (Saratoga Springs, NY) has many high net worth individuals. So, I rented an apartment to his daughter, I helped them find the right place for them, as I do many people, just wanting people to be happy. 

Granted I am not as smart as many on this board but here is what he said. He threw out many items for me to digest (I would have had to record it to remember half of it ). He said that health insurance companies pay their stock holders .18 on the dollar, then work with the other .72 to run operations. They have already made their budgets for 2017, so a fourth quarter release of a drug is tough. Assuming Rayaldee is a tier III right now then insurance companies will make patients pay 75% of drug cost but that many things go into what a person pays. 

He said that drug reps will make deals with doctors. His sales reps will have a machine where they can plug in numbers and issue credit card style vouchers for the doctor to give to a patient. The doctor can give these to those who are given the prescription then they bring this to the pharmacy. I believe that this modifies what the patient pays. For example, say the copay is $40, the drug rep asks the doctor "What do you think is fair for patient to pay? How many prescriptions do you think that you will issue in a month? $20? Done, here are your 30 cards to hand out.

Also, when it comes to pricing, especially for new groundbreaking drugs, he says that for a certain indication the government agencies use data from 30 months before today, so right now OPKO is fighting to get payers to pay when they will be using old data... Maybe he was talking about government agencies such as Medicare? 

He said many, many things, was talking about TEVA being the top name on an FDA price fixing... Made me happy that Dr Frost is not involved with them any longer.

Yep, it's everywhere. And GoodRx is way behind the curve on this one saying it's not available still. Nice job there, gutset.