First-of-its-kind agreement between Amgen and a standalone PBM
Miami, FL – Abarca, a pharmacy benefit manager (PBM) disrupting the industry with smarter technology and innovative strategies, today announced it has signed an outcomes-based contract with Amgen for the cholesterol-lowering drug, Repatha® (evolocumab). This agreement is the first of its kind involving Amgen’s Repatha and a standalone PBM.
“In the future, payers and members will only pay for therapies that deliver expected outcomes and provide meaningful clinical value,” said Jason Borschow, Abarca’s Chief Executive Officer. “We are proud to partner with Amgen, a company that stands by its products and makes this a reality today for the clients and members we serve.”
Repatha is a PCSK9 inhibitor indicated to reduce the risk of myocardial infarction, stroke, and coronary revascularization in adults with established cardiovascular disease. Recently, Abarca also announced an outcomes-based contract with Biogen for medications used to treat multiple sclerosis. Abarca is currently collaborating with several drug manufacturers for similar agreements.
Abarca is a different kind of company and rejects traditional PBM thinking, and its aggressive push for outcomes-based contracts is just one example. Abarca’s more innovative technology platform focuses on delivering a better experience for members and plans, and a higher standard of business practices also sets it apart from the industry. Founded more than a decade ago, today, Abarca serves more than two million members and manages more than a billion dollars in drug spending.
“Our business philosophy is simple: Put our clients and members first in everything we do,” concluded Borschow. “When that is your priority, the decision to pursue value-based agreements suddenly becomes an obvious one.”
Abarca is igniting a revolution in healthcare. It started by redefining pharmacy benefits, but this is just the beginning. It is built on the belief that there is a better way for people and companies to work together, connect, and spread healthy living across the planet. With more innovative technology and a straightforward approach to business, Abarca provides a much better experience and greater value for payers and consumers. They have challenged many industry conventions for nearly a decade and trampled on a few. So, call them a PBM for discussion purposes, but they are unlike any other company. Join the revolution at abarcahealth.com.
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