Lecture 2 Flashcards

1
Q

_____ has a database of drug shortages

A

FDA

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2
Q

When a drug is in shortage, how does this affect insurance?

A

they may replace that drug in shortage with an alternative for their formulary – so ppl can still get their needed medication

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3
Q

explain the controversy of determining if a product is FDA approved and 3 resources to go to

A

Drug vs product – the INGREDIENT in a product may be approved, but the product itself may not be.
3 resources: drugs@FDA, purple/orange book and national drug code

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4
Q

according to Nayak, is there a foolproof way of looking at a bottle and saying definitively if it’s FDA approved?

A

no

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5
Q

a “TE code” for generics is based on what 2 things?

A

bioavailability and bioequivalence

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6
Q

in the orange book, there is an additional column called “application number”
what is this number?

A

NDA#

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7
Q

true or false

the FDA has zero concerns of the brand therapeutic equivalence if a generic has an “A” rating

A

true

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8
Q

can a B rated generic become A rated?

A

yes – with more info

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9
Q

can pharmacists substitute a brand for a B rated generic?

A

no law prohibiting it, but it is a risk for the pharmacist. done a lot if there are shortage issues

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10
Q

are B rated generics FDA approved

A

yes

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11
Q

what does NDC stand for

A

national drug code

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12
Q

___ has a database of NDC’s

A

the FDA

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13
Q

How many digits are there in an NDC?

A

usually 10, but newer drugs may have 11

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14
Q

name the 3 parts of an NDC

A
  1. labeler
  2. product code
  3. package code
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15
Q

“product ID”

A

NDC

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16
Q

what is a pricing benchmark

A

AWP

17
Q

how do you find AWP?

A

redbook

18
Q

for claims processing and product identification, what do you need?

A

awp AND NDC

19
Q

What is the “starting point price” when pharmacies are buying drugs

A

AWP

20
Q

who helps pharmacies negotiate better prices than AWP?

A

GPO – group purchasing organization

21
Q

AWP-X%

A

x% is discount % when purchasing drugs. GPOs work to make that x a large percentage discount

22
Q

besides drugs, what else does medwatch monitor?

A

products that are considered food (ie: nutraceuticals and supplements) and cosmetics
biologics, medical devices, etc

23
Q

who can report a problem on medwatch?

A

ANYONE

24
Q

who works with PBMs ? what do they do

A

PSAOs – “pharmacy services administration organization”

they perform collective negotiation of contract terms with PBMs

25
Q
A