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37.3¢ botanix pharmaceuticals ltd

thanks, just trying to get my head around terminology and what...

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Jonotr0n

1,049 Posts.

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08/10/24

13:49

Post #: 76026967
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Originally posted by boslo: ↑

Non-Formulary is not interchangeable with PA, it's a much more significant obstacle to coverage but you're right in saying it may still be covered, usually that will entail co-insurance, as opposed to co-pay.

If for example Sofdra is covered by one plan as tier 3 PA;

They will need to apply for the prior authorisation, which will involve a few small hurdles and the patient will be liable for something like a $75 co-pay, which Botanix say they will subsidise.

However if the same insurer has another plan where Sofdra is non-formulary:

There needs to be an application for a formulary exception, it will go through a much more intense review process compared to PA and may or may not be approved. If it is approved it will likely be subject to co-insurance, which is a percentage of the drug price, often a very high percentage.

Formulary coverage is absolutely essential for a blockbuster drug.

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thanks, just trying to get my head around terminology and what it really means. Another questioned I asked the AI…

BOT Price at posting: 37.0¢ Sentiment: Buy Disclosure: Held
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Last 37.3¢		Change 0.003(0.68%)		Mkt cap ! $675.7M

Open	High	Low	Value	Volume
37.0¢	37.5¢	36.8¢	$768.0K	2.074M

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No.	Vol.	Price($)
4	49336	37.0¢

Sellers (Offers)

Price($)	Vol.	No.
37.5¢	100400	9

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No.	Vol.	Price($)
23	729347	0.365
20	413873	0.360
18	393865	0.355
37	1412801	0.350
7	321360	0.345

Price($)	Vol.	No.
0.375	143995	11
0.380	311855	10
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0.390	100550	3
0.395	151300	3

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