Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Hospira, Inc.    HSP   US4410601003

HOSPIRA, INC. (HSP)

12
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Hospira : Applauds Delaware Governor’s Signing of Biosimilars Legislation

05/30/2014 | 12:42pm US/Eastern

LAKE FOREST, Ill., May 30, 2014 - Hospira, Inc. (NYSE: HSP), the world's leading provider of injectable drugs and infusion technologies, today commended Delaware Gov. Jack Markell for his decision to sign Senate Substitute 1 for Senate Bill 118. This law creates a pathway for the substitution of interchangeable biologic drugs and helps pave the way for patient access to cost savings from biosimilar products.

When biosimilars become available in the United States in the coming years, clinicians will have opportunities to provide their patients with greater accessibility to effective and more affordable biologic drugs. The introduction of biosimilars could help the United States save up to $250 billion over 10 years, according to one report.

"The introduction of biosimilars promises to help put new cost-savings in the hands of patients and states, such as Delaware, that are taking early action to establish clear and transparent policies for the substitution of these high-quality and more affordable biologic products," said Paul Audhya, M.D., vice president, Medical Affairs, Hospira.

The governor's signature on Senate Substitute 1 for Senate Bill 118 allows pharmacists to substitute biosimilars for prescribed biological reference products unless the prescribing physician expressly requests the reference biologic.

Hospira is a market leader in biosimilars in Europe, and expects to submit its first biosimilar to the U.S. Food and Drug Administration (FDA) later this year or in early 2015.


distributed by
React to this article
Latest news on HOSPIRA, INC.
12:42a HOSPIRA : Sets Date for 1st-Quarter 2015 Results Release
04/14 Banks see talent flee amid healthcare M&A boom
04/14 HOSPIRA : Schedules 1st-Quarter 2015 Results Release
04/13 HOSPIRA : Hope for Greater Access for Patients to Biosimilar Medicines
04/10 HOSPIRA : Schedules Date to Report First-Quarter 2015 Results
04/08 Generic drugmaker Mylan offers $29 billion for Perrigo
04/07 HOSPIRA : to Announce First-Quarter 2015 Results on April 28, 2015
04/07 HOSPIRA : BRIEF: FDA: Hospira's corrective actions at Italy plant weren't enough
04/07DJHospira Gets Warning Letter on Quality Issues at Italy Plant
04/07 HOSPIRA : Other Events (form 8-K)
Advertisement
Chart
Duration : Period :
Hospira, Inc. Technical Analysis Chart | HSP | US4410601003 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF