Merck & Co signs performance-based contract with CIGNA

23 April 2009

US health insurer CIGNA has reached an agreement with drug major Merck & Co that it says is unique in the industry. The agreement will benefit  CIGNA customers through increased discounts on Merck's oral  anti-diabetes medications Januvia (sitagliptin) and Janumet  (sitagliptide/metformin HCl), which together generated global sales for  the durg firm of $539.0 million in the first quarter of this year  (Marketletter April 27). These drugs are used in conjunction with diet  and exercise to improve glycemic (blood sugar) control in adults with  type 2 diabetes, a condition that has reached epidemic proportions in  the USA.

"Merck should be recognized as the first major pharmaceutical company  to offer increased discounts on its oral antidiabetic products,  supporting CIGNA's efforts to reduce A1C levels for individuals with  diabetes, regardless of what medication they may be taking," said Eric  Elliott, president of CIGNA Pharmacy Management.

This article is accessible to registered users, to continue reading please register for free.  A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Login to your account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK



Company News Directory



Companies featured in this story

More ones to watch >






Company Spotlight