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Janssen Emphasizes Average Net Price Decline As Transparency Momentum Builds In States

 
• By Brenda Sandburg

Rebates, discounts drove Janssen's average net price down 4.6% in 2017 even as average list price increased 8.1%; transparency report emphasizes value-based contracts for prostate cancer, diabetes drugs.

Dollar sign made with drug pills

Janssen Pharmaceutical Cos.'s average net price increase for 2017 reflects the demands of payers and providers for greater discounts and rebates. The company reported that while its average list price (wholesale acquisition cost) increased 8.1% – pretty much the same as the previous year – the average net price (wholesale acquisition cost minus rebates, discount and returns) declined 4.6%.

Janssen disclosed the pricing information in its second annual US Transparency Report, released March 9, which also includes information on the company's R&D investments, sales and marketing expenditures and...

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