Drugs, Health Technologies, Health Systems

Peer-Reviewed Article

Canadian Trends in Estimated Drug Purchases and Projections: 2024 and 2025

Mina Tadrous, Kevin Z. Wang, Shanzeh Chaudhry, Cherry Chu, Fiona Clement, Jason R. Guertin, Michael R. Law, Wade Thompson, Tara Gomes, Kaleen N. Hayes

Abstract

Background: Data on trends in the pharmaceutical market remain limited. We offer an annual update on estimated drug purchases in Canada and highlight key factors that could impact future spending. This information aims to assist public and private decision-makers in forecasting the growth of national drug purchases.

Methods: We conducted a retrospective time-series analysis of annual estimated drug purchases across Canada between 2001 and 2023 using IQVIA’s Canadian Drugstore and Hospital Purchases Audit. We calculated total estimated drug purchases and relative percentage change annually, stratified by sector (retail and hospital), and forecast annual spending to 2025. We also assessed recent drug approvals, policies, or legislation that may influence drug spending.

Results: Total estimated drug purchases for 2023 were approximately $43.5 billion, 13.7% higher than in 2022 (retail purchases: 12.9% growth; hospital purchases: 17.7% growth). Overall, expenditure on the top 25 high-cost drugs accounted for 32.5% and 53.3% of total spending in the retail and hospital sectors, respectively. Pharmaceutical spending has grown over the past 2 decades, with an annual average growth of 5.8% and 8.2% in the retail and hospital sectors, respectively. Drug expenditure in the retail sector is expected to increase annually by 10.9% to 10.1% and spending within the hospital sector is expected to increase by 14.6% to 12.9% for 2024 and 2025, respectively.

Interpretation: This study indicates evidence of accelerated growth in overall estimated drug purchases, likely driven by the increasing use of new diabetes and obesity treatments. Continued growth in drug purchases is projected across the Canadian market, which will be influenced by new approvals of specialty and oncology drugs as well as generic and biosimilar versions of the top 25 drugs. Without measures to address this ongoing increase in pharmaceutical spending, there may be a need to reallocate funds from other public sectors or shift costs to private industry and patients. The potential opportunity costs of rising pharmaceutical spending warrant careful consideration.

For author information, refer to Appendix 1.

Introduction

Total health care spending in Canada was forecasted by the Canadian Institute for Health Information (CIHI) to reach more than $344 billion in 2023, representing 12.1% of the country’s gross domestic product.1 Spending on prescription drugs was expected to account for 13.9% of national health care purchases, which was an increase of 3.0% from the previous year’s projections.1

In 2022, our group published a second update highlighting spending on drugs in Canada.2 Briefly, we found that drug spending increased on average by 5.4% annually in the retail sector and by 7.4% annually in the hospital sector between 2001 and 2021.2 We projected that spending was likely to continue increasing until at least 2023.2 Although drug spending was historically driven by simple, small molecule medications, our results highlighted that complex therapies, such as biologics and biosimilars, were now the key contributors to drug spending.2 Furthermore, we projected that drug spending for the years 2022 and 2023 would increase annually by 5.6% and 5.3%, respectively, in the retail sector and by 9.4% and 8.8%, respectively, in the hospital sector.2 These projections were based on the information available at the time regarding novel treatments being approved by Health Canada and the US FDA combined with historical growth in spending.

Budget planning is an annual process that requires forecasting potential growth; therefore, this analysis aims to assist decision-makers and formulary managers in shaping their yearly budgets and strategies. Approvals of novel pharmaceutical technologies are likely to impact future budgets, so an annual update on spending forecasts and horizon scanning is essential. Independent assessments of drug spending across the country can help public and private decision-makers better anticipate how various factors, including new technologies, may affect spending trends. In this updated report, we present current trends and forecasts for retail and in-hospital estimated drug purchases across Canada as well as a horizon scan of upcoming drugs that could influence future spending trajectories.

Methods

Drug Purchases and Projection

We conducted a retrospective time-series analysis of annual estimated drug purchases (i.e., drug purchases) across Canada between January 1, 2001, and December 31, 2023, using IQVIA’s Canadian Drugstore and Hospital Purchases Audit. These data estimates purchasing costs and unit volumes of all pharmaceutical products purchased by the Canadian retail and hospital sectors.3 This audit is derived from a sample of outlets within these sectors (more than 33% of retail and 86% of hospital sectors) in each province and territory, which are projected to represent total pharmaceutical purchasing at the national level using proprietary methods. We included all pharmaceutical purchasing of all dosage forms and formulations over the study period. Purchasing may be made through a wholesaler or directly from the manufacturer, and therefore may include mark-ups, but does not capture discounts and rebates. Although the Canadian Drugstore and Hospital projections will not capture any subsequent rebates or volume discounts credited to the outlets afterward, it does reflect all up-front discounts for each specific invoice. Due to the aggregated nature of the data provided, research ethics board approval was not required.

We describe total estimated drug purchases across Canada annually (using calendar years) over the study period, stratified by sector (retail versus hospital). We calculated the annual growth in purchases as the relative percentage change from the previous year. We used exponential smoothing models and applied Holt’s linear method to forecast annual estimated pharmaceutical purchases in 2024 and 2025. Costs were reported as nominal annual costs, and nominal costs were used for the projection models. In a sensitivity analysis, we inflated annual costs before 2023 to the 2023 values using all-items consumer price indexes.4 Finally, we identified the 25 medications with the highest total purchases in calendar year 2023 within the retail and hospital sectors separately.

Horizon Scan

An environmental scan of global and national drug spending and pipeline reports was conducted to identify therapeutic classes with potentially major impacts on pharmaceutical spending.5-13 All medications approved by Health Canada in 2023 and the first quarter of 2024, as well as generic drugs and biosimilars currently under review, were assessed for anticipated impacts.14 New drug approvals by the US FDA in 2023 and the first quarter of 2024 were also reviewed to identify drugs that may soon enter the Canadian market.15

Drugs with a potential for high impact on future spending (via upward pressure or downward pressure) were flagged based on the following criteria: disease prevalence, current medication use and availability in the therapeutic area, and anticipated cost. Our approach was consistent with earlier work we conducted.2,23,25,26 Based on the list of drugs with the highest potential for impact on the Canadian market, the authors used this information to highlight some drugs that are likely to impact forecasted spending.

Results

Trends in Canadian drug purchases from 2001 to 2023 in the retail and hospital sectors are presented in Figure 1 and Figure 2, respectively. Graphs that include values accounting for inflation can be found in Appendix 2 (Figure 4 and Figure 5).

Figure 1: Total Medication Purchases in Canada for the Retail Sector From 2001 to 2023 and Projected to 2024 and 2025

Alt text: Line graph showing an increasing trend in total estimated drug purchases between 2001 to 2023 with projected purchases for 2024 and 2025 within the retail sector.

Note: The grey zone illustrates forecasted purchases in the retail sector (solid line) with 95% confidence interval estimates (dashed lines) for 2024 and 2025

Source: This figure is based on information licensed from IQVIA: Canadian Drugstore and Hospital Purchase Audit for 2001 to 2023 estimates of real-world activity. All rights reserved.

Figure 2: Total Medication Purchases in Canada for the Hospital Sector From 2001 to 2023 and Projected to 2024 and 2025

Alt text: Line graph showing an increasing trend in total estimated drug purchases in billions between 2001 to 2023 with projected purchases for 2024 and 2025 within the hospital sector.

Note: The grey zone illustrates forecasted purchases in the hospital sector (solid line) with 95% confidence interval estimates (dashed lines) for 2024 and 2025.

Source: This figure is based on information licensed from IQVIA: Canadian Drugstore and Hospital Purchase Audit for 2001 to 2023 estimates of real-world activity. All rights reserved.

Overall Spending

In 2023, total annual estimated drug purchases in Canada grew 13.7%, reaching $43.5 billion (versus $38.3 billion in 2022). This growth far exceeded the previously forecasted rate of 5.9%.2 The retail sector accounted for 82.9% of estimated drug purchases in 2023 ($36.1 billion), and the hospital sector accounted for 17.1% ($7.4 billion). Retail and hospital purchases in 2023 increased from 2022 by 12.9% and 17.7%, respectively, with both rates exceeding our previously forecasted 2023 rates of 5.3% and 8.8%, respectively. Figure 3 illustrates the trends in annual change in purchases across both sectors.

Figure 3: Annual Growth (%) in Drug Purchases From the Previous Year for the Retail and Hospital Sectors, 2002 to 2023 and Projected Growth for 2024 and 2025

Alt text: Bar graph showing the annual growth percent change in drug purchase in both retail and hospital sectors between 2002 to 2023 with projected growth for 2024 and 2025. The figure displays consistent annual increases in drug purchases for both sectors, with the exception of a decline in retail drug expenditure in 2011.

Note: The grey zone illustrates forecasted annual growth for 2024 and 2025.

Retail and Hospital Spending

Over the entire study period (2001 to 2023), average annual estimated drug purchase growth was 5.8% in the retail sector and 8.2% in the hospital sector. Total estimated drug purchases in the retail sector increased by 243%, increasing from $10.5 billion in 2001 to $36.1 billion in 2023. Drug purchases grew even more sharply in the hospital sector, by 452%, from $1.3 billion in 2001 to $7.4 billion in 2023.

In the retail sector, growth was stronger in the earlier years, with an average annual increase of 6.7% between 2001 and 2011 compared to 5.1% from 2012 to 2023. Notably, 2011 was the only year with a decline in retail drug purchases (−2.9%). In contrast, in the hospital sector, estimated drug purchases grew consistently, with an average annual increase of 6.5% between 2001 and 2011, which increased to 9.6% from 2012 to 2023, without any year of decline.

In recent years, drug purchases in both sectors have shown significant growth. In the retail sector, estimated drug purchases rose by 3.8%, 7.3%, 7.0%, and 12.9% in 2020, 2021, 2022, and 2023, respectively. Hospital-administered drug purchases saw even larger increases, with growth rates of 6.9%, 12.4%, 14.7%, and 17.7% in 2020, 2021, 2022, and 2023, respectively. These recent trends indicate a substantial acceleration in spending, particularly in the hospital sector, reflecting the growing demand for newer and more expensive treatments.

Drug Expenditure Forecast for 2024 and 2025

We forecast a yearly increase (all sectors combined) in estimated drug purchases of 11.5% (95% confidence interval [CI], 7.7% to 15.3%) in 2024 and 10.5% (95% CI, 3.3% to 17.8%) in 2025 (Figure 3). We project that purchases in the retail setting will increase by 10.9% (95% CI, 7.2% to 14.5%) and 10.1% (95% CI, 3.0% to 17.1%) annually for 2024 and 2025, respectively. We project that hospital-administered drugs will increase annually by 14.6% (95% CI, 10.2% to 19.0%) and 12.9% (95% CI, 4.7% to 21.1%) for 2024 and 2025, respectively. In absolute costs, we forecast the total spending will increase to $44 billion (95% CI, $41.2 billion to $46.9 billion) for retail purchases and $9.6 billion (95% CI, $8.9 billion to $10.3 billion) for hospital purchases by 2025 (Figure 1 and Figure 2).

Top 25 Drugs by Overall Purchases in 2023

Table 1 lists the top 25 drugs by estimated drug purchases in retail and hospital settings across the country for the year 2023. Semaglutide ($1.9 billion), infliximab ($1.2 billion), and ustekinumab ($912 million) were the top 3 highest expenditure drugs in the retail setting, whereas pembrolizumab ($797 million), daratumumab ($548 million), and nivolumab ($328 million) were the top 3 drugs in the hospital setting. Only 3 drugs were in the top 25 of both lists: aflibercept (a vascular endothelial growth factor-A antagonist) at number 5 in retail spending and number 22 in hospital spending, ibrutinib (a small molecule inhibitor of Bruton tyrosine kinase) at number 19 in retail spending and number 17 in hospital spending, and bictegravir-emtricitabine-tenofovir-alafenamide (a complete regimen for the treatment of HIV-1 infection) at number 22 in retail spending and number 18 in hospital spending. Overall, total purchases for the top 25 drugs in both markets in 2023 accounted for $15.7 billion ($11.7 billion and $4.0 billion in retail and hospital sectors, respectively), which accounted for 32.5% and 53.3% of total spending in each sector, respectively.

Table 1: Top 25 Drugs by Spending in Retail and Hospital Settings for the Calendar Year 2023 and the Trend (Upward or Downward) Compared to 2022

Rank

Retail

Hospital

Drug

Total

Trend

Drug

Total

Trend

1

Semaglutide

$1,943,826,972

Pembrolizumab

$797,330,603

2

Infliximab

$1,220,620,565

Daratumumab

$548,362,800

3

Ustekinumab

$911,623,762

Nivolumab

$328,229,269

4

Adalimumab

$910,774,341

Durvalumab

$233,128,120

5

Aflibercept

$809,989,780

Hemagglutinin (nonspecific)

$159,388,313

6

Lisdexamfetamine

$500,293,173

Rituximab

$157,456,996

7

Empagliflozin

$482,576,566

Trastuzumab

$143,118,079

8

Methylphenidate

$475,924,758

Vaccine, HPV, type-6, 11,16, 18, 3

$127,130,442

9

Risankizumab

$379,876,952

Ipilimumab

$117,598,712

10

Vedolizumab

$354,293,254

Axicabtagene ciloleucel

$113,451,433

11

Budesonide-formoterol

$310,778,564

Osimertinib

$111,948,035

12

Rivaroxaban

$300,840,969

Remdesivir

$110,329,682

13

Golimumab

$292,710,108

Pertuzumab

$101,301,685

14

Paliperidone palmitate

$259,288,605

Bevacizumab

$96,632,333

15

Dupilumab

$253,907,387

Palbociclib

$93,978,366

16

Ocrelizumab

$252,864,488

Vaccine, pneumococcal conjugate

$87,337,707

17

Rosuvastatin

$250,035,747

Ibrutinib

$84,318,408

18

Etanercept

$237,193,968

Bictegravir-emtricitabine-tenofovir-alafenamide

$82,398,301

19

Ibrutinib

$234,951,456

Darbepoetin alfa

$75,559,363

20

Upadacitinib

$234,445,844

Lenalidomide

$72,793,391

21

Denosumab

$227,669,589

Apalutamide

$67,014,664

22

Bictegravir-emtricitabine-tenofovir-alafenamide

$221,362,467

Aflibercept

$64,480,865

23

Sacubitril-valsartan

$218,419,431

Measles virus, mumps virus, rubella vaccine live: varicella zoster

$63,680,919

24

Guselkumab

$217,796,935

Trastuzumab emtansine

$61,400,260

25

Ranibizumab

$215,180,402

Oseltamivir

$61,286,075

Total of top 25

$11,717,246,083

$3,959,654,821

Total 2023 spending

$36,083,388,476

$7,422,483,251

Proportion of spending on top 25 drugs

32.47%

53.35%

Note: The dashes indicate new entries to the top 25 drugs in 2023.

Horizon Scan

Global reports were reviewed to determine trends for drug spending in Canada (Appendix 2, Table 3). Here, we summarize major themes for new and upcoming therapies in Canada. We first highlight treatments we believe will have impact on increased spending (“upward pressure”) then discuss potential mitigating factors (“downward pressure”). A list of drug approvals for Health Canada and the US FDA in 2023 and the first quarter of 2024 are presented in Appendix 2, Table 4 and Table 5, respectively. Health Canada approved 81 drugs in 2023, compared to 73 in 2022.14 The FDA approved 55 novel drugs in 2023, compared to 37 in 2022.15

Potential for Upward Pressure

The drug pipeline remains dominated by oncology drugs. A novel drug, capivasertib (Truqap), was recently approved by Health Canada and the FDA for use in combination with fulvestrant for human epidermal growth factor 2–negative, hormone receptor–positive locally advanced or metastatic breast cancer. The drug is also undergoing late-stage trials for triple-negative breast cancer.9 Another breast cancer drug, abemaciclib (Verzenio), was initially indicated for advanced and metastatic breast cancer but has since been expanded for use in early breast cancer in 2022. This led to 1 of the highest growths in spending for oncology drugs.9 Vaccines to treat cancer have the potential to impact spending in the coming years, following the successes of the COVID-19 mRNA vaccines. These drugs may be on the horizon, and include V940/mRNA-4157 (indicated for high-risk melanoma), autogene cevumeran (a personalized vaccine for pancreatic ductal adrenal cancer), TG4050 (indicated for ovarian cancer and HPV-negative head and neck cancer), Tedopi (indicated for advanced non–small cell lung cancer), and VB10.16 (indicated for advanced cervical cancer).13

Certain therapeutic areas are likely to increase spending due to the prevalence of these conditions in the Canadian population. Drugs for type 2 diabetes mellitus (T2DM), notably semaglutide, were the top drugs in terms of spending in 2023. Ozempic (semaglutide injection) has a 95% market share of all glucagon-like peptide 1 (GLP-1) analogues, and expenditures increased from $13.5 million in 2019 to $434 million in 2022.1 Ozempic is 1 of 2 GLP-1 receptor agonists that are reimbursed by public drug plans in Canada. Despite having specific criteria limiting its use to T2DM for most payers, there has been increased non-T2DM use of Ozempic due to its effect on weight management.16 A new related drug, tirzepatide (Mounjaro), was recently approved and shown in early studies to be more efficacious than Ozempic for diabetes.21,22 Although this could lead to a shift toward prescribers favouring this drug, it is anticipated that spending on this class would remain similar.9 In terms of inflammatory conditions, there is potential for increased spending due to risankizumab and upadacitinib receiving additional indication approvals after initial market release. Risankizumab (Skyrizi) received new approval for Crohn disease and psoriatic arthritis in late 2022, whereas upadacitinib (Rinvoq) received approval for Crohn’s disease and ulcerative colitis in 2024.9 Dupilumab (Dupixent) was previously approved for atopic dermatitis and severe asthma, and received new indications in 2023 for atopic dermatitis in pediatric patients as young as 6 months old, and for prurigo nodularis and eosinophilic esophagitis.9 Regarding rare diseases — especially in cases in which there are no or few treatment options available — there are more therapies with high prices expected to increase overall spending. Although a single rare disease drug may not significantly impact total spending, the growing number of such drugs and their high price tags collectively contribute to a rising trend in overall expenditures. Notable examples include trofinetide (Daybue, indicated for Rett syndrome), iptacopan (Fabhalta, indicated for paroxysmal nocturnal hemoglobinuria), zilucoplan (Zilbrysq, indicated for myasthenia gravis), eplontersen (Wainua, indicated for hereditary transthyretin), metreleptin (Myalepta, indicated for lipodystrophy), and pozelimab (Veopoz, indicated for CHAPLE disease), which have estimated average costs upwards of US$2 million per patient per year.11,12

Potential for Downward Pressure

Newly approved or upcoming biosimilar drugs have the potential to exert downward pressure on drug spending. Biosimilar market share increased from 23.5% in 2022 to 35.8% in 2023.9 Ontario’s biosimilar transition policy mandated that Ontario Drug Benefit beneficiaries transition to biosimilars for glatiramer, etanercept, insulin lispro, adalimumab, insulin glargine, insulin aspart, infliximab, rituximab, and ranibizumab (Byooviz).9,17 This policy transition brings the largest payer in line with most other public payers in the country. The transition period ended in late December 2023, and we expect an impact in 2024 and upcoming years as biosimilar alternatives become more readily available.9,17 For T2DM, insulin glargine, lispro, and aspart have had new biosimilars introduced in recent years that could lead to reduced spending on insulin.9 Insulin lispro had the lowest penetration rates, which is likely due to a shortage that delayed the transition policies; in the coming years, the impact could be more evident.9 In the biosimilar drug pipeline, there are 2 biosimilars for ustekinumab (Wezlana and Jamteki), 2 biosimilars for aflibercept (Yesafili and Opuviz), and 2 biosimilars for eculizumab (Bkemv), all of which are expected to be approved in 2024.13 Also, there are biosimilars in development for mepolizumab (Nucala), which could result in reduced spending in the coming years once approved.9 Generic drugs are expected to continue reducing spending, with a number of new generics expected in 2024.

Interpretation

Spending on pharmaceuticals has grown considerably over the past 2 decades in Canada, leading to a total market size of more than $40 billion in 2023. The annual growth in spending reached 12.9% for retail estimated drug purchases and 17.7% for hospital estimated drug purchases in 2023, surpassing growth rates seen in the prior year (7% and 14.7%, respectively) and our forecasted growth rates (5.3% and 8.8%, respectively2). This trend was apparent in both the retail and hospital sectors. The single annual decrease in retail spending in 2011 has been attributed to many brand name drugs losing exclusivity in that time period; however, trends in spending did not recede in the following years, likely due to the subsequent entry of many new “blockbuster” drugs, such as direct oral anticoagulants, various diabetes medications, and biologics.24 In the retail sector, growth in annual spending reached the highest level in the past 2 decades. In the hospital sector, the growth was nearly as high as the record growth seen in 2019 due to expansion in the use of novel oncology treatments. This expansion in hospital spending is likely driven by new product approvals, higher market entry prices for new drugs, and growing utilization. For example, GLP-1 receptor agonists accounted for $1.4 billion in drug expenditures in 2023. Thus, we anticipate continued increases in the retail sector combined with accelerated growth in the hospital sector, leading to total annual estimated drug purchases nearing $54 billion by 2025. Importantly, the anticipated growth in the number of new therapies and associated costs will continue to put pressure on constrained government budgets across the country, leading to a need for strategies that balance access to novel therapeutics against limited resources.

It is expected that there will likely be pressure from growth of already-marketed drugs and other therapies identified in the pipeline to continue to impact the degree of change in spending in the coming years. Overall, we believe the growth in spending will be on the higher end of the predicted range in the outpatient retail setting. There has been a significant increase in the use of the blockbuster drugs for T2DM and obesity (Ozempic and Wegovy semaglutide injections). We believe the use of these drugs has not yet peaked and was curbed by the global shortage that occurred between October 2022 and April 2024. Specifically, concerns about off-label prescribing of semaglutide for weight loss in individuals without T2DM resulted in worldwide shortages spanning this period. As Ozempic supply became stable, other GLP-1 receptor agonists and related drugs, such as dulaglutide and tirzepatide, faced a shortage. These shortages indicate semaglutide drug spending did not reach its peak in 2023. Because semaglutide was the drug with the highest spending in retail environments in 2023 even with shortages, it will likely be the single largest driver in terms of increased retail spending on medications in the coming years. Therefore, it is important to continue monitoring the use of GLP-1 receptor agonists, dulaglutide, and tirzepatide to ensure appropriate use and manage spending.

The adoption of biosimilar formulations has the greatest potential for reducing drug spending, but the degree of reduced spending depends on their uptake in Canada. Many public drug plans in Canada require patients who have not previously used biologics to be initiated on a biosimilar formulation. These plans have introduced mandatory nonmedical biosimilar switching policies over the past several years for select originator biologics.17,18 In Ontario, Ontario Drug Benefit recipients who were on an originator biologic drug were required to transition to a Health Canada–approved biosimilar between March 31 and December 29, 2023, to maintain their medication coverage through the public drug program for the biologic drug.17 Some of the highest drug spending in retail and hospital settings in 2023 was on biologics; given Ontario’s large population (38% of the population in Canada), this policy is expected to influence national spending in the coming years.

Our analysis has limitations that warrant discussion. First, we do not have information on the confidential rebates that manufacturers provide to public and private drug plans or to hospital purchasers because these contracts are kept confidential. These discounts can be sizable; for example, pan-Canadian Pharmaceutical Alliance (pCPA) negotiations yielded $1.24 billion in savings in 2017–2018.19 However, our results represent the total spending in the current drug system, and we do not anticipate major differences in the proportion of rebates to total spending in recent years. The purchase prices do account for up-front discounts. Rebates may be re-invested in paying for future drug spending and thus are paid forward in spending. Additionally, rising prices have important consequences on patient co-pays depending on payment method and plan structure.20 Second, our data had no information on payers (i.e., public insurance, private insurance, or out-of-pocket) and thus only characterizes global spending and future impacts among all payers.

Conclusion

In 2023, overall estimated drug purchases in Canada rose more than anticipated, with similar trends observed in both the hospital and retail sectors. This growth was driven by increased utilization and the high costs of new therapies. These upward trends have persisted for several years, following the relatively flat growth experienced between 2009 and 2014. The rising costs, particularly for new treatments, underscore the ongoing need for rigorous assessment and price negotiation by public payers to ensure these expenditures provide good value for money. Additionally, the burden on uninsured individuals highlights the importance of addressing affordability and access for everyone living in Canada.

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23.Tadrous M, Shakeri A, Hayes KN, Neville HL, Houlihan J, Clement F, Guertin JR, Law MR, Gomes T. Canadian trends and projections in prescription drug purchases: 2001-2023. Can J Health Technol. 2021 Nov 25;1(11) https://canjhealthtechnol.ca/index.php/cjht/article/view/mt0001

24.Aitken M, Berndt ER, Cutler D, Kleinrock M, Maini L. Has the era of slow growth for prescription drug spending ended? Health Affairs. 2016 Sep 1;35(9):1595.603.

25.Tichy EM, Hoffman JM, Tadrous M, Rim MH, Suda KJ, Cuellar S, Clark JS, Newell MK, Schumock GT. National trends in prescription drug expenditures and projections for 2023. Am J Health Syst Pharm. 2023 Jul 15;80(14)899-913. PubMed

26.Tichy EM, Hoffman JM, Suda KJ, Rim MH, Tadrous M, Cuellar S, Clark JS, Ward J, Schumock GT. National trends in prescription drug expenditures and projections for 2022. Am J Health Syst Pharm. 2022 Jul 15;79(14)1158-72. PubMed

Appendix 1: Author Information

Mina Tadrous, PharmD, PhD;1-3 Kevin Z Wang, MSc;2 Shanzeh Chaudhry, MSc;2 Cherry Chu, MSc;1 Fiona Clement, PhD;4,5 Jason R. Guertin, PhD;6,7 Michael R. Law, PhD;8 Wade Thompson, PharmD, PhD, MSc;9 Tara Gomes, PhD;2,3,10 Kaleen N. Hayes, PharmD, PhD11

1 Women’s College Research Institute, Women’s College Hospital, Toronto, Ontario

2 Leslie Dan Faculty of Pharmacy, University of Toronto, Toronto, Ontario

3 Institute for Clinical Evaluative Sciences, Toronto, Ontario

4 Department of Community Health Sciences, Cumming School of Medicine, University of Calgary, Calgary, Alberta

5 O’Brien Institute for Public Health, University of Calgary, Calgary, Alberta

6 Axe Santé des populations et Pratiques optimales en santé, Centre de recherche du CHU de Québec-Université Laval, Québec

7 Department of Social and Preventive Medicine, Université Laval, Québec

8 Centre for Health Services and Policy Research, School of Population and Public Health, University of British Columbia, Vancouver, British Columbia

9 Department of Anesthesiology, Pharmacology and Therapeutics, Faculty of Medicine, University of British Columbia, Vancouver, British Columbia

10 Li Ka Shing Knowledge Institute, St. Michael’s Hospital, Toronto, Ontario

11 Department of Health Services, Policy, and Practice, School of Public Health, Brown University, Providence, Rhode Island, US

Author Disclosures

Dr. Gomes receives salary support through a Canada Research Chair in Drug Policy and Substance Use and grant or contract funding from the Ontario Ministry of Health, Ontario College of Pharmacists, and Canada’s Drug Agency for unrelated work. Dr. Gomes has also received consulting fees and honorariums from Indigenous Services Canada and the Province of British Columbia for unrelated work. Dr. Law received salary support through a Canada Research Chair in Access to Medicines. Dr. Law has consulted for Health Canada and Canada’s Drug Agency and has provided expert witness testimony for the Attorney General of Canada, the Federation of Post-Secondary Educators, and the Durham Police Association. Dr. Guertin holds a research career award from the Fonds de recherche du Québec – Santé (FRQS). Dr. Guertin has consulted for the Institut national d’excellence en santé et en services sociaux (INESSS). Dr. Tadrous has consulted for Canada’s Drug Agency and Green Shield Canada. Dr. Tadrous reports consulting fees from Canada’s Drug Agency and Green Shield Canada and funding from the Ontario Ministry of Health. Dr. Hayes has received investigator-initiated grant funding paid directly to Brown University for investigator-initiated research from Sanofi, Genentech, and GlaxoSmithKline for research on influenza vaccination in nursing homes, influenza outbreak control, and shingles vaccination in nursing homes, respectively. Dr. Hayes also reports consulting fees from Canada’s Drug Agency. Dr. Thompson is supported by a salary award from Michael Smith Health Research BC and has received grants from the US Deprescribing Network and Health Canada. He has received an honorarium from Pharmacy Practice Plus magazine.

Acknowledgements

All authors were involved in the design, interpretation of results, writing, conceptualization of recommendations, and revision of the manuscript. MT was involved in the implementation of the study and had full access to all data in the study and takes responsibility for the integrity of the data and the accuracy of the data analysis. MT is the guarantor of the content of the manuscript, including the data and analysis.

The statements, findings, conclusions, views, and opinions contained and expressed in the report are based in part on data obtained under license from IQVIA, Canada Inc. concerning the following information service(s): IQVIA’s Canadian Drugstore and Hospital Purchases Audit, data period January 1, 2001, to December 31, 2023. All rights reserved. The statements, findings, conclusions, views, and opinions expressed herein are not necessarily those of IQVIA Canada Inc. or any of its affiliated or subsidiary entities.

Corresponding Author

Mina Tadrous

Leslie Dan Faculty of Pharmacy, University of Toronto

144 College St., Toronto, Ontario

Mina.tadrous@utoronto.ca

Appendix 2: Additional Figures and Tables

Note that this appendix has not been copy edited.

Figure 4: Total Medication Purchases in Canada for the Retail Sector From 2001 to 2023

Alt text: Line graph displaying the increasing trend in total and inflated drug purchases in billions within the retail sector from 2001 to 2023.

Figure 5: Total Medication Purchases in Canada for the Hospital Sector From 2001 to 2023

Alt text: Line graph displaying the increasing trend in total and inflated drug purchases in billions within the hospital sector from 2001 to 2023.

Table 2: Selected Drugs and Biologics That Have Received Health Canada and/or FDA Approval in 2023 and Early 2024 and Are Expected to Impact Drug Spending in the Near Future

Category

Drug

Brand name or reference product

Indication

Health Canada approval date

FDA approved

Oncology

Capivasertib

Truqap

Human epidermal growth factor 2 (HER2)-negative, hormone receptor (HR)-positive locally advanced or metastatic breast cancer

Jan 2024

Nov 2023

Abemaciclib

Verzenio

Advanced and metastatic breast cancer, but was expanded for use in early breast cancer

Jan 2022

Mar 2023

V940/mRNA-4157

     —

High-risk melanoma

Phase III trial

No

Autogene cevumeran

     —

A personalized vaccine for pancreatic ductal adrenal cancer

Phase II trial

No

TG4050

     —

Ovarian cancer and HPV-negative head and neck cancer

Phase I trial

No

Tedopi

     —

Advanced non–small cell lung cancer

Phase II trial

No

VB10.16

     —

Advanced cervical cancer

Phase II trial

No

Atopic dermatitis

Dupilumab

Dupixent

Atopic dermatitis and severe asthma

Nov 2017

Jan 2024

Neuromuscular

Trofinetide

Daybue

Rett syndrome

Oct 2024

Mar 2023

Zilucoplan

Zilbrysq

Myasthenia gravis

Jul 2024

Oct 2023

Eplontersen

Wainua

Hereditary transthyretin amyloidosis-associated polyneuropathy

Jun 2024

Dec 2023

Other

Metreleptin

Myalepta

Lipodystrophy

Aug 2024

Feb 2014

Immune Disease

Pozelimab

Veopoz

CHAPLE disease

Aug 2023

Macular degeneration

Ranibizumab

Byooviz

Age-related macular degeneration, diabetic macular edema, diabetic retinopathy

Mar 2023

Sep 2021

Diabetes

Tirzepatide

Mounjaro

Type 2 diabetes management

Nov 2023

May 2022

Crohn disease

Risankizumab

Skyrizi

Crohn disease and psoriatic arthritis

Mar 2022

Jun 2024

Upadacitinib

Rinvoq

Crohn disease and psoriatic arthritis

Jul 2023

Jan 2022

Immuno­suppressants

Ustekinumab

Wezlana

Jamteki

Inflammatory bowel disease, psoriasis, psoriatic arthritis

Under review

Oct 2023

No

Iptacopan

Fabhalta

Paroxysmal nocturnal hemoglobinuria

Under review

Dec 2023

Aflibercept

Yesfili

Opuviz

Macular degeneration

Under review

May 2024

Eculizumab

Bkemv

Rare blood disorder

Under review

May 2024

Asthma and COPD

Mepolizumab

Nucala

Severe eosinophilic asthma

Feb 2023

Nov 2015

Table 3: Global Reports Reviewed to Determine Trends for Drug Spending in Canada

Report

Link

Advancing Health Through Innovation: New Drug Therapy Approvals 2023

Advancing Health Through Innovation: New Drug Therapy Approvals 2023 (fda.gov)

2023 Drug Plan Trends Report: How the repercussions of the pandemic are trickling down to drug plans

2023 Drug Plan Trends Report: How the repercussions of the pandemic are trickling down to drug plans | Benefits Canada.com

Biosimilars approved in Canada Mar 2024

Biosimilars approved in Canada (smartbiggar.ca)

2024 Biosimilars Report: Insights on a pivotal year of evolution and expansion

2024 Biosimilars Report (cardinalhealth.com)

2024 Prescription Drug Trend Report

Express Scripts Canada 2024 Drug Trend Report.pdf (express-scripts.ca)

Global Trends in R&D 2024: Activity, productivity, and enablers

Global Trends in R&D 2024: Activity, productivity, and enablers - IQVIA

2023 Category watch: A closer look at disruption. Trends in drug utilization for diabetes, ADHD and cystic fibrosis

https://resources.telushealth.com/en-ca/2023-category-watch-a-closer-look-at-disruption

2024 TELUS Health Drug Data Trends and National Benchmarks

https://go.telushealth.com/hubfs/telus-health-drug-trends-report-2024-en.pdf?hsLang=en-ca

2024 Drug Pipeline: What private plans need to know

https://go.telushealth.com/hubfs/drug-pipeline-2024-what-private-plans-need-to-know.pdf?hsLang=en-ca

Table 4: Health Canada Drug Approvals Between January 1, 2023, and March 31, 2024

Generic name

Sponsor

Therapeutic area

Approval date

Submission outcome

Abaloparatide

Endo Ventures Ltd

Calcium Homeostasis

January 2023

Cancelled by sponsor

Abiraterone Acetate, Niraparib

Janssen Inc

Endocrine Therapy

June 2023

Issued NOC under the NOC/c Guidance

Acalabrutinib

Astrazeneca Canada Inc

Antineoplastic Agents

February 2023

Issued NOC

Acetaminophen

B. Braun Melsungen Ag

Analgesics

February 2023

Issued NOC

Acetaminophen, Ibuprofen Sodium Dihydrate

Biosyent Pharma Inc

Analgesics

February 2024

Issued NOC

Alpha1-Proteinase Inhibitor (Human)

Grifols Therapeutics Llc

Antihemorrhagics

November 2023

Issued NOC

Amifampridine

Medunik Canada

Other Nervous System Drugs

January 2023

Issued NOC

Andexanet Alfa

Astrazeneca Canada Inc

All Other Therapeutic Products

June 2023

Issued NOC under the NOC/c Guidance

Andusomeran

Moderna Biopharma Canada Corporation

Vaccines

September 2023

Issued NOC

Avatrombopag Maleate

Swedish Orphan Biovitrum Ab (Publ)

Antihemorrhagics

November 2023

Issued NOC

Bamlanivimab

Eli Lilly Canada Inc

Immune Sera and Immunoglobulins

February 2023

Cancelled by sponsor

Bevacizumab

Celltrion Healthcare Co Ltd

Antineoplastic Agents

January 2023

Issued NOC

Brincidofovir

Emergent Biodefense Operations Lansing Llc

Antivirals for Systemic Use

December 2023

Issued NOC

Calaspargase Pegol

Servier Canada Inc

Antineoplastic Agents

November 2023

Issued NOC

Calcium Oxybate, Magnesium Oxybate, Potassium Oxybate, Sodium Oxybate

Jazz Pharmaceuticals Ireland Limited

Other Nervous System Drugs

May 2023

Issued NOC

Cangrelor Tetrasodium

Chiesi Farmaceutici S.P.A.

Antithrombotic Agents

January 2023

Issued NOC

Cannabidiol

Gw Research Limited

Antiepileptics

November 2023

Issued NOC

Capivasertib

Astrazeneca Canada Inc

Antineoplastic Agents

January 2024

Issued NOC

Captopril

Ethypharm Inc

Agents Acting on the Renin-Angiotensin System

December 2023

Issued NOC

Cefditoren Pivoxil

Orimed Pharma Inc

Antibacterials for Systemic Use

March 2024

Cancelled by sponsor

Cenobamate

Endo Ventures Ltd

Antiepileptics

June 2023

Issued NOC

Ciltacabtagene Autoleucel

Janssen Inc

Antineoplastic Agents

February 2023

Issued NOC under the NOC/c Guidance

Clascoterone

Sun Pharmaceutical Industries Limited

Anti-Acne Preparations

June 2023

Issued NOC

Concizumab

Novo Nordisk Canada Inc

Antihemorrhagics

March 2023

Issued NOC

Concizumab

Novo Nordisk Canada Inc

Antihemorrhagics

July 2023

Issued NOC

Copper, Manganese Sulfate, Selenious Acid, Sodium Iodide, Zinc Sulfate

Sandoz Canada Incorporated

Blood Substitutes and Perfusion Solutions

March 2023

Issued NOC

Daprodustat

GlaxoSmithKline Inc

Antianemic Preparations

July 2023

Cancelled by sponsor

Daridorexant Hydrochloride

Idorsia Pharmaceuticals Ltd

Other Nervous System Drugs

April 2023

Issued NOC

Denosumab

Sandoz Canada Incorporated

Drugs For Treatment of Bone Diseases

February 2024

Issued NOC

Denosumab

Sandoz Canada Incorporated

Drugs For Treatment of Bone Diseases

March 2024

Issued NOC

Dexamethasone, Levofloxacin

Xediton Pharmaceuticals Inc

Ophthalmologicals

December 2023

Issued NOC

Diroximel Fumarate

Biogen Canada Inc

Immunosuppressants

February 2023

Cancelled by sponsor

Dronabinol

Tetra Bio-Pharma Inc

Antiemetics and Antinauseants

May 2023

Cancelled by sponsor

Efgartigimod Alfa

Argenx Bv

Immunosuppressants

September 2023

Issued NOC

Elranatamab

Pfizer Canada Ulc

Antineoplastic Agents

December 2023

Issued NOC under the NOC/c Guidance

Enoxaparin Sodium

Baxter Corporation

Antithrombotic Agents

July 2023

Issued NOC

Enterococcus faecalis Inactivated, Escherichia coli Inactivated, Klebsiella pneumoniae Inactivated, Proteus Vulgaris Inactivated

Red Leaf Medical Inc

Vaccines

May 2023

Cancelled by sponsor

Epcoritamab

Abbvie Corporation

Antineoplastic Agents

October 2023

Issued NOC under the NOC/c Guidance

Erwinia L-Asparaginase

Porton Biopharma Limited

Antineoplastic Agents

July 2023

Cancelled by sponsor

Estradiol, Norethindrone Acetate, Relugolix

Myovant Sciences Gmbh

Pituitary and Hypothalamic Hormones and Analogues

September 2023

Issued NOC

Estradiol, Norethindrone Acetate, Relugolix

Myovant Sciences Gmbh

Pituitary and Hypothalamic Hormones and Analogues

October 2023

Issued NOC

Etesevimab

Eli Lilly Canada Inc

Immune Sera and Immunoglobulins

February 2023

Cancelled by sponsor

Etranacogene Dezaparvovec

Csl Behring Canada Inc

Other Hematological Agents

October 2023

Issued NOC

Etrasimod L-Arginine

Pfizer Canada Ulc

Antidiarrheals, Intestinal Anti-Inflammatory/Anti-Infective Agents

January 2024

Issued NOC

Evinacumab

Ultragenyx Pharmaceutical Inc

Lipid Modifying Agents

September 2023

Issued NOC

Ferric Carboxymaltose

Vifor (International) Inc

Anti-anemic Preparations

March 2024

Issued NOC

Ferumoxytol

Covis Pharma Gmbh

Anti-anemic Preparations

February 2023

Cancelled by sponsor

Fidanacogene Elaparvovec

Pfizer Canada Ulc

Antihemorrhagics

December 2023

Issued NOC

Foscarbidopa, Foslevodopa

Abbvie Corporation

Anti-Parkinson Drugs

May 2023

Issued NOC

Gallium (68ga) Gozetotide

Advanced Accelerator Applications Usa, Inc

Diagnostic Radiopharmaceuticals

April 2023

Issued NOC

Glofitamab

Hoffmann-La Roche Limited

Antineoplastic Agents

March 2023

Issued NOC under the NOC/c Guidance

Inebilizumab

Horizon Therapeutics Ireland Dac

Immunosuppressants

December 2023

Issued NOC

Influenza Virus Type A (H1n1)

Sanofi Pasteur Limited

Vaccines

October 2023

Issued NOC

Insulin Icodec

Novo Nordisk Canada Inc

Drugs Used in Diabetes

March 2024

Issued NOC

Isotretinoin

Sun Pharmaceutical Industries Limited

Anti-Acne Preparations

June 2023

Issued NOC

Landiolol Hydrochloride

Trimedic Therapeutics Inc.

Beta Blocking Agents

November 2023

Issued NOC

Maralixibat Chloride

Mirum Pharmaceuticals, Inc.

Bile and Liver Therapy

July 2023

Issued NOC

Masitinib Mesylate

Ab Science S.A.

Antineoplastic Agents

February 2024

Issued Notice of Deficiency - Withdrawal

Meropenem Trihydrate

B.Braun Medical Inc

Antibacterials for Systemic Use

January 2024

Issued NOC

Metformin Hydrochloride

Pharmaris Canada Inc

Drugs Used in Diabetes

January 2023

Issued NOC

Methotrexate

Nordic Group B.V.

Immunosuppressants

March 2024

Issued NOC

Methylphenidate Hydrochloride

Kye Pharmaceuticals Inc

Psychoanaleptics

September 2023

Issued NOC

Metreleptin

Amryt Pharmaceuticals Dac

Other Alimentary Tract and Metabolism Products

January 2024

Issued NOC

Mirikizumab

Eli Lilly Canada Inc

Immunosuppressants

July 2023

Issued NOC

Molnupiravir

Merck Canada Inc

Antivirals for Systemic Use

April 2023

Cancelled by sponsor

Nirsevimab

Astrazeneca Canada Inc

Immune Sera and Immunoglobulins

April 2023

Issued NOC

Nivolumab, Relatlimab

Bristol-Myers Squibb Canada

Antineoplastic Agents

September 2023

Issued NOC

Odevixibat

Medison Pharma Canada Inc

Bile and Liver Therapy

October 2023

Issued NOC

Olipudase Alfa

Sanofi-Aventis Canada Inc

Other Alimentary Tract and Metabolism Products

February 2024

Issued NOC

Ranibizumab

Teva Canada Limited

Ophthalmologicals

October 2023

Issued NOC

Raxtozinameran

Biontech Manufacturing Gmbh

Vaccines

September 2023

Issued NOC

Relabotulinumtoxina

Galderma Sa

Muscle Relaxants

January 2024

Cancelled by sponsor

Relugolix

Sumitomo Pharma Switzerland Gmbh

Endocrine Therapy

October 2023

Issued NOC

Respiratory Syncytial Virus Prefusion F Protein (Rsvpref3)

GlaxoSmithKline Inc

Vaccines

August 2023

Issued NOC

Rimegepant

Pfizer Canada Ulc

Analgesics

December 2023

Issued NOC

Risperidone

Laboratorios Farmaceuticos Rovi, S.A.

Psycholeptics

March 2024

Issued NOC

Ritlecitinib

Pfizer Canada Ulc

Immunosuppressants

November 2023

Issued NOC

Roflumilast

Arcutis Biotherapeutics Inc

Other Dermatological Preparations

April 2023

Issued NOC

Rsv F Antigen 847a, Recombinant, Rsv F Antigen 847b, Recombinant

Pfizer Canada Ulc

Vaccines

December 2023

Issued NOC

Sabizabulin

Veru Inc

Antivirals for Systemic Use

June 2023

Cancelled by sponsor

Sars-Cov-2 Prefusion Spike Delta Tm Protein, Recombinant

Sanofi Pasteur Limited

Vaccines

February 2023

Cancelled by sponsor

Sars-Cov-2 Prefusion Spike Delta Tm Protein, Recombinant

Sanofi Pasteur Limited

Vaccines

February 2023

Cancelled by sponsor

Sars-Cov-2 Recombinant Spike Protein (Omicron Xbb.1.5)

Novavax Inc

Vaccines

December 2023

Issued NOC

Setmelanotide Acetate

Rhythm Pharmaceuticals Inc

Antiobesity Preparations, Excluding Diet Products

May 2023

Issued NOC

Smallpox Vaccine Dried

Emergent Product Development Gaithersburg Inc

Vaccines

December 2023

Issued NOC

Somapacitan

Novo Nordisk Canada Inc

Pituitary and Hypothalamic Hormones and Analogues

July 2023

Issued NOC

Spesolimab

Boehringer Ingelheim Canada Ltd Ltee

Immunosuppressants

March 2023

Issued NOC

Teclistamab

Janssen Inc

Antineoplastic Agents

July 2023

Issued NOC under the NOC/c Guidance

Tirbanibulin

Avir Pharma Inc

Antibiotics and Chemotherapy for Dermatological Use

May 2023

Issued NOC

Trastuzumab

Prestige Biopharma Ltd

Antineoplastic Agents

June 2023

Cancelled by sponsor

Tremelimumab

Astrazeneca Canada Inc

Antineoplastic Agents

August 2023

Issued NOC

Ustekinumab

Jamp Pharma Corporation

Immunosuppressants

November 2023

Issued NOC

Ustekinumab

Amgen Canada Inc

Immunosuppressants

December 2023

Issued NOC

Vericiguat

Bayer Inc

Cardiac Therapy

April 2023

Issued NOC

Vibrio Cholerae, Strain Cvd 103-Hgr, Live

Emergent Travel Health Inc

Vaccines

May 2023

Issued NOC

Vutrisiran

Alnylam Netherlands B.V.

Other Nervous System Drugs

October 2023

Issued NOC

NOC = Notice of Compliance, NOC/c = Notice of Compliance with conditions

Table 5: FDA Drug Approvals Between January 1, 2023, and March 31, 2024

Generic name

Brand name

Indication

Sponsor

Approval date

Abacavir Sulfate; Lamivudine

Abacavir Sulfate and Lamivudine

HIV-1

Mylan Pharmaceuticals, Inc.

December 22, 2023

Abacavir; Dolutegravir; Lamivudine

Abacavir; Dolutegravir; Lamivudine

HIV-1

Aurobindo Pharma US, Inc.

August 14, 2023

Abacavir; Dolutegravir; Lamivudine

Abacavir; Dolutegravir; Lamivudine

HIV-1

Mylan Pharmaceuticals, Inc.

August 16, 2023

Abiraterone Acetate; Niraparib Tosylate

Akeega

BRCA-mutated metastatic castration-resistant prostate cancer (mCRPC)

Janssen Biotech, Inc.

August 11, 2023

Acetaminophen; Ibuprofen

Combogesic

Acute pain

AFT Pharmaceuticals, Inc.

March 1, 2023

Acetaminophen; Ibuprofen Sodium

Combogesic IV

Acute pain

AFT Pharmaceuticals Ltd.

October 17, 2023

Acetylcysteine Lysine

Legubeti

Antidote to prevent or lessen hepatic injury following ingestion of hepatotoxic quantities of acetaminophen

Galephar Pharmaceutical Research, Inc.

February 13, 2024

Adalimumab-aaty

Yuflyma

Rheumatoid arthritis, juvenile idiopathic arthritis, psoriatic arthritis, ankylosing spondylitis, Crohn disease, ulcerative colitis, plaque psoriasis, Hiradenitis suppurativa

Celltrion, Inc.

May 23, 2023

Adalimumab-ryvk

Simlandi

Rheumatoid arthritis, juvenile idiopathic arthritis, psoriatic arthritis, ankylosing spondylitis, Crohn disease, ulcerative colitis, plaque psoriasis, hidradenitis suppurativa, uveitis

Alvotech USA, Inc.

February 23, 2024

Adapalene; Benzoyl Peroxide; Clindamycin Phosphate

Cabtreo

Acne vulgaris

Bausch Health US, LLC

October 20, 2023

Aflibercept

Eylea HD

Neovascular age-related macular degeneration, diabetic macular edema, diabetic retinopathy

Regeneron Pharmaceuticals, Inc.

August 18, 2023

Albuterol Sulfate; Budesonide

Airsupra

Asthma

Bond Avillion 2 Development LP

January 10, 2023

Aprocitentan

Tryvio

Hypertension

Idorsia Pharmaceuticals Ltd.

March 19, 2024

Aripiprazole

Abilify Asimtufii

Schizophrenia, Bipolar I Disorder

Otsuka Pharmaceutical Company, Ltd.

April 27, 2023

Atorvastatin Calcium

Atorvaliq

Hyperlipidemia, hypercholesterolemia

CMP Development LLC

February 1, 2023

Avacincaptad Pegol Sodium

Izervay

Geographic atrophy secondary to age-related macular degeneration

IVERIC bio, Inc.

August 4, 2023

Berdazimer Sodium

Zelsuvmi

Molluscum contagiosum

LNHC, Inc.

January 5, 2024

Bevacizumab-tnjn

Avzivi

Metastatic colorectal cancer

Bio-Thera Solutions Ltd.

December 6, 2023

Bexagliflozin

Brenzavvy

Type 2 diabetes mellitus

TheracosBio, LLC

January 20, 2023

Bimekizumab-bkzx

Bimzelx

Plaque psoriasis

UCB, Inc.

October 17, 2023

Birch Triterpenes

Filsuvez

Wounds associated with dystrophic and junctional epidermolysis bullosa

Amryt Pharmaceuticals DAC

December 18, 2023

Bosutinib Monohydrate

Bosulif

Philadelphia chromosome-positive chronic myelogenous leukemia

PF Prism C.V.

September 26, 2023

Budesonide

Eohilia

Eosinophilic esophagitis

Takeda Pharmaceuticals USA, Inc.

February 9, 2024

Budesonide; Formoterol Fumarate

Symbicort Aerosphere

Chronic obstructive pulmonary disease (COPD)

AstraZeneca Pharmaceuticals LP

April 28, 2023

Buprenorphine

Brixadi

Opioid use disorder

Braeburn Inc.

May 23, 2023

Cabazitaxel

Cabazitaxel

Metastatic castration-resistant prostate cancer

Sandoz, Inc.

October 27, 2023

Cabazitaxel

Cabazitaxel

Metastatic castration-resistant prostate cancer

Actavis LLC

March 14, 2024

Cantharidin

Ycanth

Molluscum contagiosum

Verrica Pharmaceuticals, Inc.

July 21, 2023

Capivasertib

Truqap

HR-positive, HER2-negative locally advanced or metastatic breast cancer

AstraZeneca Pharmaceuticals LP

November 16, 2023

Carbon Dioxide

Carbon Dioxide

Insufflation gas during laparoscopic surgery

Haun Specialty Gases, Inc.

February 17, 2024

Cefazolin Sodium

Cefazolin Sodium

Perioperative prophylaxis

HQ Speciality Pharma Corp.

May 8, 2023

Cefepime Hydrochloride; Enmetazobactam

Exblifep

Complicated urinary tract infections

Allecra Therapeutics SAS

February 22, 2024

Cipaglucosidase alfa-atga

Pombilitibla

Pompe disease

Amicus Therapeutics US, LLC

September 28, 2023

Clobetasol Propionate

Clobetasol Propionate

Post-operative inflammation and pain following ocular surgery

Formosa Pharmaceuticals, Inc.

March 4, 2024

Colchicine

Lodoco

Reduce risk of myocardial infarction, stroke, coronary revascularization, and cardiovascular death associated with established atherosclerotic disease

Agepha Pharma FZ LLC

June 16, 2023

Crizotinib

Xalkori

Metastatic non–small cell lung cancer (NSCLC), systemic anaplastic large cell lymphoma (ALCL), inflammatory myofibroblastic tumour (IMT)

PF Prism C.V.

September 7, 2023

Cyclophosphamide

Cyclophosphamide

Malignant lymphomas: Hodgkin’s disease, lymphocytic lymphoma, mixed-cell type lymphoma, histiocytic lymphoma, Burkitt’s lymphoma; multiple myeloma, leukemias, mycosis fungoides, neuroblastoma, adenocarcinoma

Dr. Reddy’s Laboratories Inc.

June 7, 2023

Cyclophosphamide

Cyclophosphamide

Malignant lymphomas: Hodgkin’s disease, lymphocytic lymphoma, mixed-cell type lymphoma, histiocytic lymphoma, Burkitt’s lymphoma; multiple myeloma, leukemias, mycosis fungoides, neuroblastoma, adenocarcinoma

Nevakar Injectables, Inc.

June 27, 2023

Cyclophosphamide

Cyclophosphamide

Malignant lymphomas: Hodgkin’s disease, lymphocytic lymphoma, mixed-cell type lymphoma, histiocytic lymphoma, Burkitt’s lymphoma; multiple myeloma, leukemias, mycosis fungoides, neuroblastoma, adenocarcinoma

Sandoz, Inc.

September 12, 2023

Cyclosporine

Vevye

Dry eye disease

Novaliq GmbH

May 30, 2023

Dabrafenib Mesylate

Tafinlar

Low-grade glioma with BRAF V600E mutation

Novartis Pharmaceuticals Corp.

March 16, 2023

Danicopan

Voydeya

Extravascular hemolysis associated with paroxysmal nocturnal hemoglobinuria

Alexion Pharmaceuticals, Inc.

March 29, 2024

Daprodustat

Jesduvroq

Anemia due to chronic kidney disease

GlaxoSmithKline LLC

February 1, 2023

Daptomycin

Daptomycin

Antibiotic (multiple indications)

Xellia Pharmaceuticals ApS

January 30, 2023

Darunavir and Ritonavir

Darunavir and Ritonavir

HIV-1

Mylan Pharmaceuticals, Inc.

December 22, 2023

Dasatinib

Phyrago

Philadelphia chromosome-positive chronic myeloid leukemia

Nanocopoeia LLC

December 5, 2023

Denosumab-bbdz

Jubbonti

Osteoporosis

Sandoz, Inc.

March 5, 2024

Denosumab-bbdz

Wyost

Osteoporosis

Sandoz, Inc.

March 5, 2024

Deutetrabenazine

Austedo XR

Huntington’s disease and tardive dyskinesia

Teva Neuroscience, Inc.

February 17, 2023

Dolutegravir

Dolutegravir

HIV-1

Laurus Generics, Inc.

April 28, 2023

Dolutegravir, Emtricitabine, Tenofovir Alafenamide

Dolutegravir, Emtricitabine, Tenofovir Alafenamide

HIV-1

Aurobindo Pharma USA, Inc.

May 26, 2023

Dolutegravir; Lamivudine; Tenofovir Disoproxil Fumarate

Dolutegravir; Lamivudine; Tenofovir Disoproxil Fumarate

HIV-1

Emcure Pharmaceuticals Ltd

July 12, 2023

Dolutegravir; Tenofovir Disoproxil Fumarate; Lamivudine

Dolutegravir; Tenofovir Disoproxil Fumarate; Lamivudine

HIV-1

Strides Pharma, Inc.

September 14, 2023

Dolutegravir; Emtricitabine; Tenofovir Alafenamide

Dolutegravir; Emtricitabine; Tenofovir Alafenamide

HIV-1

Lupin Pharmaceuticals, Inc.

January 19, 2023

Dolutegravir; Emtricitabine; Tenofovir Alafenamide

Dolutegravir; Emtricitabine; Tenofovir Alafenamide

HIV-1

Laurus Generics, Inc.

October 12, 2023

Dolutegravir; Emtricitabine; Tenofovir Alafenamide

Dolutegravir; Emtricitabine; Tenofovir Alafenamide

HIV-1

Hetero Labs Limited, Unit-III, India

January 18, 2024

Dolutegravir; Lamivudine; Tenofovir Alafenamide

Dolutegravir; Lamivudine; Tenofovir Alafenamide

HIV-1

Lupin Pharmaceuticals, Inc.

July 18, 2023

Durlobactam Sodium; Sulbactam Sodium

Xacduro

Hospital-acquired bacterial pneumonia (HABP), ventilator-associated bacterial pneumonia (VABP)

Entasis Therapeutics, Inc.

May 23, 2023

Efavirenz, Emtricitabine, Tenofovir Alafenamide

Efavirenz, Emtricitabine, Tenofovir Alafenamide

HIV-1

Mylan Pharmaceuticals, Inc.

March 22, 2024

Efbemalenograstim alfa-vuxw

Ryzneuta

Decrease incidence of infection as manifested by febrile neutropenia

Evive Biotechnology Singapore PTE Ltd.

November 16, 2023

Efgartigimod alfa and Hyaluronidase-qvfc

Vyvgart Hytrulo

Generalized myasthenia gravis (gMG)

Argenx BV

June 20, 2023

Eflornithine Hydrochloride

Iwilfin

Reduce risk of relapse of high-risk neuroblastoma

USWM, LLC

December 13, 2023

Elacestrant Dihydrochloride

Orserdu

ER-positive, HER-2 negative, or ESR-1 mutated advanced, or metastatic breast cancer

Stemline Therapeutics, Inc.

January 27, 2023

Elexacaftor, Ivacaftor, Tezacaftor; Ivacaftor

Trikafta

Cystic fibrosis (CF) with at least 1 F508del mutation in the CFTR gene or a mutation in the CFTR gene that is responsive

Vertex Pharmaceuticals Inc.

April 26, 2023

Elranatamab

Elrexfio

Relapsed or refractory multiple myeloma

Pfizer, Inc.

August 14, 2023

Eltrombopag Choline

Alvaiz

Thrombocytopenia, severe aplastic anemia

Teva Pharmaceuticals, Inc.

November 29, 2023

Entrectinib

Rozlytrek

Solid tumours with neurotrophic tyrosine receptor kinase (NTRK) gene fusion

Genentech, Inc.

October 20, 2023

Epcoritamab-bysp

Epkinly

Relapsed or refractory diffuse large B-cell lymphoma, not otherwise specified (DLBCL, NOS)

Genmab US, Inc.

May 19, 2023

Epinephrine

Adrenalin

Hypotension associated with septic shock

Par Sterile Products, LLC

April 21, 2023

Eplontersen Sodium

Wainua (Autoinjector)

Polyneuropathy of hereditary transthyretin-mediated amyloidosis

Ionis Pharmaceuticals, Inc.

December 21, 2023

Etrasimod Arginine

Velsipity

Ulcerative colitis

Pfizer, Inc.

October 12, 2023

Fentanyl Citrate

Fentanyl Citrate

Opioid analgesic supplement in general anesthesia

Exela Pharma Sciences, LLC

February 8, 2023

Fezolinetant

Veozah

Vasomotor symptoms due to menopause

Astellas Pharma US, Inc.

May 12, 2023

Flotufolastat F 18 Gallium

Posluma

Diagnostic aid in PET of prostate-specific membrane antigen (PSMA) positive lesions in prostate cancer

Blue Earth Diagnostics Ltd.

May 25, 2023

Fosaprepitant Dimeglumine

Focinvez

Prevention of acute and delayed nausea and vomiting associated with cancer chemotherapy

Spes Pharmaceuticals, Inc.

August 22, 2023

Fruquintinib

Fruzaqla

Metastatic colorectal cancer

Takeda Pharmaceuticals USA, Inc.

November 8, 2023

Gepirone Hydrochloride

Exxua

Major depressive disorder

Fabre-Kramer Pharmaceuticals, Inc.

September 22, 2023

Givinostat Hydrochloride

Duvyzat

Duchenne muscular dystrophy

Italfarmaco S.p.A.

March 21, 2024

Glofitamab-gxbm

Columvi

Relapsed or refractory diffuse large B-cell lymphoma not otherwise specified (DLBCL, NOS), large B-cell lymphoma (LBCL) arising from follicular lymphoma

Genentech, Inc.

June 15, 2023

Glycopyrrolate; Neostigmine Methylsulfate

Prevduo

Reversal of effects of non-depolarizing neuromuscular blocking agents after surgery

Slayback Pharma LLC

February 23, 2023

Heparin Sodium; Taurolidine

Defencath

Prevention of catheter-related bloodstream infections in kidney failure

CorMedix, Inc.

November 15, 2023

Hyaluronidase Human Recombinant for Further Manufacturing Use

Hyaluronidase Human Recombinant for Further Manufacturing Use

Used for further manufacture of the final product Vyvgart Hytrulo

Halozyme Therapeutics, Inc.

June 20, 2023

Hydromorphone Hydrochloride

Hydromorphone Hydrochloride

Acute pain

Hikma Pharmaceuticals USA, Inc.

December 14, 2023

Iloprost

Aurlumyn

Severe frostbite to reduce risk of digit amputation

Eicos Sciences, Inc.

February 13, 2024

Infliximab-dyyb

Zymfentra

Ulcerative colitis, Crohn disease

Celltrion, Inc.

October 20, 2023

Iptacopan Hydrochloride

Fabhalta

Paroxysmal nocturnal hemoglobinuria

Novartis Pharmaceuticals Corp.

December 5, 2023

Lacosamide

Motpoly XR

Partial-onset seizures

Aucta Pharmaceuticals, Inc.

May 4, 2023

Lecanemab-irmb

Leqembi

Alzheimer disease

Eisai Inc.

January 6, 2023

Leniolisib Phosphate

Joenja

Activated phosphoinositide 3-kinase delta (PI3Kδ) syndrome (APDS)

Pharming Technologies B.V.

March 24, 2023

Letibotulinumtoxina-wlbg

Letybo

Temporary improvement in appearance of glabellar lines

Hugel, Inc.

February 29, 2024

Lotilaner

Xdemvy

Demodex blepharitis

Tarsus Pharmaceuticals, Inc.

July 24, 2023

Macitentan; Tadalafil

Opsynvi

Pulmonary arterial hypertension

Actelion Pharmaceuticals US, Inc.

March 22, 2024

Magnesium Sulfate; Polyethylene Glycol 3350; Potassium Chloride; Sodium Chloride; Sodium Sulfate

Suflave

Cleansing of the colon in preparation for colonoscopy

Braintree Laboratories, Inc.

June 15, 2023

Melphalan Hydrochloride

Hepzato

Uveal melanoma

Delcath Systems, Inc.

August 14, 2023

Melphalan Hydrochloride

Melphalan Hydrochloride

Multiple myeloma

Apotex, Inc.

August 18, 2023

Meropenem

Meropenem

Bacterial meningitis

HQ Speciality Pharma Corp.

July 26, 2023

Metformin Hydrochloride; Sitagliptin

Zituvimet

Type 2 diabetes mellitus

Zydus Worldwide DMCC

November 3, 2023

Metronidazole

Likmez

Trichomoniasis, amebiasis, anaerobic bacterial infections

Saptalis Pharmaceuticals LLC

September 22, 2023

Micafungin Sodium

Micafungin in Sodium Chloride 0.9%

Candidemia, acute disseminated candidiasis, Candida peritonitis and abscesses, esophageal candidiasis

Baxter Healthcare Corp.

September 29, 2023

Miglustat

Opfolda

Pompe disease

Amicus Therapeutics US, LLC

September 28, 2023

Mirikizumab-mrkz

Omvoh

Ulcerative colitis

Eli Lilly and Company

October 26, 2023

Momelotinib Dihydrochloride

Ojjaara

Intermediate or high-risk myelofibrosis

GlaxoSmithKline LLC

September 15, 2023

Motixafortide Acetate

Aphexda

Preparation for autologous transplantation in multiple myeloma

BioLineRx Ltd.

September 8, 2023

Nalmefene Hydrochloride

Opvee

Opioid overdose

Opiant Pharmaceuticals, Inc.

May 22, 2023

Naloxone Hydrochloride

Rextovy

Opioid overdose

Amphastar Pharmaceuticals Inc.

March 7, 2023

Naloxone Hydrochloride

Rivive

Opioid overdose

Harm Reduction Therapeutics, Inc.

July 28, 2023

Natalizumab-sztn

Tyruko

Multiple sclerosis, Crohn disease

Sandoz, Inc.

August 24, 2023

Nedosiran Sodium

Rivfloza

Primary hyperoxaluria type 1 (PH1)

Novo Nordisk, Inc.

September 29, 2023

Niraparib Tosylate

Zejula

Advanced or germline BRCA-mutated epithelial ovarian, fallopian tube, or primary peritoneal cancer

GlaxoSmithKline LLC

April 26, 2023

Nirmatrelvir; Ritonavir

Paxlovid

Coronavirus disease 2019 (COVID-19)

Pfizer, Inc.

May 25, 2023

Nirogacestat Hydrobromide

Ogsiveo

Desmoid tumours

SpringWorks Therapeutics, Inc.

November 27, 2023

Nirsevimab-alip

Beyfortus

Prevention of respiratory syncytial virus (RSV)

AstraZeneca AB

July 17, 2023

Omaveloxolone

Skyclarys

Friedreich’s ataxia

Reata Pharmaceuticals, Inc.

February 28, 2023

Oxaprozin

Coxanto

Osteoarthritis, rheumatoid arthritis, juvenile rheumatoid arthritis

Solubiomix, LLC

October 20, 2023

Paclitaxel

Paclitaxel

Advanced or metastatic breast, non–small cell lung, or adenocarcinoma of the pancreas cancers

Teva Pharmaceuticals, Inc.

May 11, 2023

Palovarotene

Sohonos

Reduction in volume of new heterotopic ossification associated with fibrodysplasia ossificans progressive

Ipsen Biopharmaceuticals, Inc.

August 16, 2023

Pantoprazole Sodium

Pantoprazole Sodium in 0.9% Sodium Chloride

Gastroesophageal reflux disease associated with erosive esophagitis, pathological hypersecretory conditions such as Zollinger-Ellison syndrome

Baxter Healthcare Corp.

February 14, 2024

Pegcetacoplan

Syfovre

Geographical atrophy secondary to age-related macular degeneration

Apellis Pharmaceuticals, Inc.

February 17, 2023

Pegunigalsidase alfa-iwxj

Elfabrio

Fabry disease

Chiesi Farmaceutici S.p.A.

May 9, 2023

Pemetrexed Disodium

Pemetrexed

Metastatic non-squamous non–small cell lung cancer (NSCLC), malignant pleural mesothelioma

Shilpa Medicare Limited

May 22, 2023

Perfluorohexyloctane

Miebo

Dry eye disease

Bausch & Lomb Inc.

May 18, 2023

Phentolamine Mesylate

Ryzumvi

Pharmacologically induced mydriasis

Ocuphire Pharma, Inc.

September 25, 2023

Phenylephrine Hydrochloride; Tropicamide

Mydcombi

Diagnostic aid to induce mydriasis

Eyenovia, Inc.

May 5, 2023

Pilocarpine Hydrochloride

Qlosi

Presbyopia

Orasis Pharmaceuticals, Ltd.

October 17, 2023

Pirtobrutinib

Jaypirca

Relapsed or refractory mantle cell lymphoma

Loxo Oncology, Inc.

January 27, 2023

Pozelimab-bbfg

Veopoz

CD55-deficient protein-losing enteropathy (CHAPLE disease)

Regeneron Pharmaceuticals, Inc.

August 18, 2023

Quizartinib Dihydrochloride

Vanflyta

Acute myeloid leukemia (AML) that is FLT3 internal tandem duplication (ITD)-positive

Daiichi Sankyo, Inc.

July 20, 2023

Repotrectinib

Augtyro

Locally advanced or metastatic ROS1-positive non–small cell lung cancer

Bristol-Myers Squibb Company

November 15, 2023

Resmetirom

Rezdiffra

Noncirrhotic non-alcoholic steatohepatitis

Madrigal Pharmaceuticals, Inc.

March 14, 2024

Retifanlimab-dlwr

Zynyz

Metastatic or recurrent locally advanced Merkel cell carcinoma

Incyte Corp.

March 22, 2023

Rezafungin Acetate

Rezzayo

Candidemia and invasive candidiasis

Cidara Therapeutics, Inc.

March 22, 2023

Rilpivirine Hydrochloride

Edurant Ped

HIV-1

Janssen Products LP

March 15, 2024

Risperidone

Risvan

Schizophrenia

Laboratorios Farmacéuticos ROVI, S.A.

March 29, 2024

Risperidone

Rykindo

Schizophrenia, Bipolar I Disorder

Shandong Luye Pharmaceutical Co., Ltd.

January 13, 2023

Risperidone

Uzedy

Schizophrenia

Teva Neuroscience

April 28, 2023

Ritlecitinib Tosylate

Litfulo

Alopecia areata

Pfizer, Inc.

June 23, 2023

Rizatriptan Benzoate

Rizafilm

Migraines, with or without aura

IntelGenx Corp.

April 14, 2023

Roflumilast

Zoryve

Seborrheic dermatitis

Arcutis Biotherapeutics, Inc.

December 15, 2023

Rozanolixizumab-noli

Rystiggo

Generalized myasthenia gravis (gMG)

UCB, Inc.

June 26, 2023

Secukinumab

Cosentyx

Active psoriatic arthritis, active ankylosing spondylitis, active non-radiographic axial spondylarthritis

Novartis Pharmaceutical Corp.

October 6, 2023

Sildenafil Citrate

Liqrev

Pulmonary arterial hypertension

CMP Development LLC

April 28, 2023

Sitagliptin

Zituvio

Type 2 diabetes mellitus

Zydus Worldwide DMCC

October 18, 2023

Sodium Oxybate

Lumryz

Cataplexy or excessive daytime sleepiness (EDS) associated with narcolepsy

Avadel CNS Pharmaceuticals, LLC

May 1, 2023

Somatrogon-ghla

Ngenla

Growth failure due to inadequate secretion of endogenous growth hormone

Pfizer Ireland Pharmaceuticals

June 27, 2023

Sotagliflozin

Inpefa

Prevention of heart failure and cardiovascular death associated with heart failure, type 2 diabetes, and chronic kidney disease

Lexicon Pharmaceuticals, Inc.

May 26, 2023

Sotatercept-csrk

Winrevair

Pulmonary arterial hypertension

Merck Sharp & Dohme LLC

March 26, 2024

Sparsentan

Filspari

Reduce proteinuria in primary immunoglobulin A nephropathy

Travere Therapeutics, Inc.

February 17, 2023

Talazoparib Tosylate

Talzenna

BRCA-mutated HER2-negative locally advanced or metastatic breast cancer

Pfizer, Inc.

March 7, 2024

Talquetamab-tgvs

Talvey

Relapsed or refractory multiple myeloma

Janssen Biotech, Inc.

August 9, 2023

Technetium Tc-99m Labelled Carbon

Technegas Kit

Diagnostic aid for visualization of pulmonary ventilation and evaluation of pulmonary embolism

Cyclomedica Australia Pty Ltd.

September 29, 2023

Technetium Tc-99m Mertiatide Injection Kit

Technetium Tc-99m Mertiatide Injection Kit

Diagnostic aid to assess renal function for whole kidney and renal cortex

Jubilant Draximage Inc.

January 30, 2023

Tenapanor Hydrochloride

Xphozah

Chronic kidney disease

Ardelyx, Inc.

October 17, 2023

Tirzepatide

Zepbound (Autoinjector)

Chronic weight management

Eli Lilly and Company

November 8, 2023

Tirzepatide

Zepbound

Chronic weight management

Eli Lilly and Company

November 8, 2023

Tislelizumab-jsgr

Tevimbra

Unresectable or metastatic esophageal squamous cell carcinoma

BeiGene USA, Inc.

March 13, 2024

Tocilizumab-aazg

Tyennebla

Rheumatoid arthritis, giant cell arteritis, polyarticular juvenile idiopathic arthritis, systemic juvenile idiopathic arthritis

Fresenius Kabi USA, LLC

March 5, 2024

Tocilizumab-bavi

Tofidence

Rheumatoid arthritis, polyarticular juvenile idiopathic arthritis, systemic juvenile idiopathic arthritis

Biogen MA, Inc.

September 29, 2023

Tofersen

Qalsody

Amyotrophic lateral sclerosis (ALS) with mutation in the superoxide dismutase 1 (SOD1) gene

Biogen Inc.

April 25, 2023

Toripalimab-tpzi

Loqtorzi

Metastatic or recurrent locally advanced nasopharyngeal carcinoma

Coherus BioSciences, Inc.

October 27, 2023

Trametinib

Mekinist

Low-grade glioma with BRAF V600E mutation

Novartis Pharmaceuticals Corp.

March 16, 2023

Trametinib Dimethyl Sulfoxide

Mekinist

Low-grade glioma with BRAF V600E mutation

Novartis Pharmaceuticals Corp.

March 16, 2023

Travoprost

iDose TR

Reduction of elevated intraocular pressure in open-angle glaucoma or ocular hypertension

Glaukos Corp.

December 13, 2023

Trofinetide

Daybue

Rett syndrome

Acadia Pharmaceuticals, Inc.

March 10, 2023

Ustekinumab-auub

Wezlana

Plaque psoriasis, psoriatic arthritis, Crohn disease, ulcerative colitis

Amgen, Inc.

October 31, 2023

Ustekinumab-auub

Wezlana

Plaque psoriasis, psoriatic arthritis, Crohn disease, ulcerative colitis

Amgen, Inc.

October 31, 2023

Vadadustat

Vafseo

Anemia due to chronic kidney disease

Akebia Therapeutics, Inc.

March 27, 2024

Vamorolone

Agamree

Duchenne muscular dystrophy

Santhera Pharmaceuticals Ltd.

October 26, 2023

Vancomycin Hydrochloride

Vancomycin Hydrochloride

Antibiotic (multiple indications)

Zhejiang Novus Pharmaceuticals Co. Ltd.

January 20, 2023

Vasopressin

Vasopressin In Sodium Chloride 0.9%

Hypotension associated with vasodilatory shock

Baxter Healthcare Corp.

September 29, 2023

Vedolizumab

Entyvio

Ulcerative colitis

Takeda Pharmaceuticals US, Inc.

September 27, 2023

Velmanase alfa-tycv

Lamzede

Alpha-mannosidosis

Chiesi Farmaceutici SpA

February 16, 2023

Vonoprazan Fumarate

Voquezna

Erosive esophagitis, Helicobacter pylori (H. pylori) infection

Phathom Pharmaceuticals, Inc.

November 1, 2023

Vortioxetine

Sehippy

Major depressive disorder

Seasons Biotechnology (Taizhou) Co., Ltd

February 16, 2024

Zavegepant Hydrochloride

Zavzpret

Migraines, with or without aura

Pfizer Inc.

March 9, 2023

Zilucoplan Sodium

Zilbrysq

Generalized myasthenia gravis (gMG)

UCB, Inc.

October 17, 2023

Zolpidem Tartrate

Zolpidem Tartrate

Transient insomnia

Almatica Pharma, LLC

May 9, 2023