Emerging trends in pharmaceutical design and drug manufacturing are shifting toward presenting the market with new ways to develop medications. Specialty medications continue to be a major area of pharmaceutical development and have become widely discussed in workers’ comp due to their significant costs. Although they represent approximately 1% of drug utilization, they account for nearly 7% of prescription drug costs and represent the fastest-growing segment of the U.S. pharmaceutical market. While specialty drug products are often associated with a hefty price tag, some can offer clinical advantages when deployed for the right patient at the right time, making careful oversight and patient selection imperative to achieving desired outcomes in this space. Watch the video blog to learn more.
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Five Automotive Trends to Watch in 2021
EV vs. ICE: The Impact on Collision Repair
Global electric vehicle (EV) sales have grown steadily in recent years—from 0.6% of new cars sold in 2015 to 2.5% in 2019. With 100 electrified models expected to hit showrooms by 2022 and a $300 billion OEM commitment to development and infrastructure, EVs are gaining ground on the internal combustion engine (ICE).
Five Automotive Trends to Watch in 2021
None of us could have predicted the events of 2020 and their impact on the automotive industry. A disruption in the export of Chinese parts, manufacturing delays in Europe, the short-term closure of U.S. assembly plants and a significant drop in sales volume can all be blamed on COVID-19. Despite these challenges, however, the industry continues to demonstrate its resilience. From OEMs producing personal protective equipment to dealerships launching online purchasing options, the automotive sector is finding new ways to move forward. So what can we expect in 2021? Here are five trends that we’re watching and that you should be aware of as you prepare for the New Year.
FDA Authorizes Pfizer/BioNTech COVID-19 Vaccine for Emergency Use
The messenger RNA vaccine is the first to be granted emergency use authorization (EUA) in the United States.
AvKARE Issues Voluntary Nationwide Recall of Certain Sildenafil and Trazodone Tablets
Several lots of sildenafil and trazodone tablets were "inadvertently packaged together".
Phoenix Rising Bonus Cuts: Survival and Recovery
As we wrap up our Inside Workers’ Comp series for the year, we thought we’d leave you with a positive podcast