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Richard Lowenthal

👤 Person
347 total appearances

Appearances Over Time

Podcast Appearances

Vanguards of Health Care by Bloomberg Intelligence
ARS Pharma’s Clinical Differentiation

And that's why what you see as the wholesale price and we can talk about this.

Vanguards of Health Care by Bloomberg Intelligence
ARS Pharma’s Clinical Differentiation

A little bit, I think you have other questions you're going to ask about this, but what you see as the wholesale price as a manufacturer, the developer of this product and put in all the research and development money and our investors and also as the manufacturer, we get roughly 50% of that price.

Vanguards of Health Care by Bloomberg Intelligence
ARS Pharma’s Clinical Differentiation

So, when we take into account the PBM costs, the rebates back to payers, the distribution costs and the retail pharmacy costs and our copay assistance program, we retain about 50% of the actual published price of the product.

Vanguards of Health Care by Bloomberg Intelligence
ARS Pharma’s Clinical Differentiation

Yeah, so in our pricing strategy, we try to work very hard to protect the consumer and the patient.

Vanguards of Health Care by Bloomberg Intelligence
ARS Pharma’s Clinical Differentiation

So the patient caregiver, I say, is consumer, right?

Vanguards of Health Care by Bloomberg Intelligence
ARS Pharma’s Clinical Differentiation

Because in large number, it's the caregiver making the decision to buy or which epinephrine product they want to buy.

Vanguards of Health Care by Bloomberg Intelligence
ARS Pharma’s Clinical Differentiation

Mainly focused on them, so that there's no price barrier to switch to.

Vanguards of Health Care by Bloomberg Intelligence
ARS Pharma’s Clinical Differentiation

Of course, if they're insurers is insurance is not covering yet or or they're denied on a prior authorization.

Vanguards of Health Care by Bloomberg Intelligence
ARS Pharma’s Clinical Differentiation

Of course, there's some price barrier in that regard, but I'll talk about that in a minute.

Vanguards of Health Care by Bloomberg Intelligence
ARS Pharma’s Clinical Differentiation

But we focused in that regard to keep that copay as low as possible.

Vanguards of Health Care by Bloomberg Intelligence
ARS Pharma’s Clinical Differentiation

We started off with a 25 dollar copay, but we've now lowered it to 0.

Vanguards of Health Care by Bloomberg Intelligence
ARS Pharma’s Clinical Differentiation

So that copay should be zero for any commercially insured person who gets coverage and doesn't have very high deductibles.

Vanguards of Health Care by Bloomberg Intelligence
ARS Pharma’s Clinical Differentiation

And the reason we...

Vanguards of Health Care by Bloomberg Intelligence
ARS Pharma’s Clinical Differentiation

Focused on that is that that that is the decision maker and getting the product.

Vanguards of Health Care by Bloomberg Intelligence
ARS Pharma’s Clinical Differentiation

We think this is a very consumer oriented type of product.

Vanguards of Health Care by Bloomberg Intelligence
ARS Pharma’s Clinical Differentiation

The allergist practice shared decision making.

Vanguards of Health Care by Bloomberg Intelligence
ARS Pharma’s Clinical Differentiation

So, if if a patient has a strong preference for 1 epinephrine product over another.

Vanguards of Health Care by Bloomberg Intelligence
ARS Pharma’s Clinical Differentiation

The allergist will generally prescribe that because again, their main focus is that you're willing to carry it and use it.