AbbVie Hikes Doc Payments By 135%, Merck By 86% As BMS, J&J Cut Spending

Under CMS' Open Payments program, medical product manufacturers reported $8.1bn in payments and ownership and investment interests to physicians and teaching hospitals in 2016, a 1% increase from the previous year.

US dollars

Among the top 15 pharma companies, AbbVie Inc. and Merck & Co. Inc. had the biggest spikes in payments to physicians in 2016, increasing them by 135% and 86%, respectively, while Bristol-Myers Squibb Co. slashed its payments by 80% and Janssen Pharmaceuticals Inc. by 57%, according to figures from the Centers for Medicare & Medicaid Services' Open Payments database.

Merck doled out $301.7m to physicians in 2016, up from $162.4m in 2015 while AbbVie's payments shot up from $72.9m to $171m

Read the full article – start your free trial today!

Join thousands of industry professionals who rely on Pink Sheet for daily insights

  • Start your 7-day free trial
  • Explore trusted news, analysis, and insights
  • Access comprehensive global coverage
  • Enjoy instant access – no credit card required

More from Marketing & Advertising

More from Compliance