Dec 31, 2024
Welcome to a year-end special of CPhT Connect, the podcast for Pharmacy Technicians! Join hosts Mike Johnston and Ashleigh Smith as they conclude the countdown of the Top 10 Pharmacy Stories of 2024, diving into the biggest headlines and their implications for the industry.
#5 Compounding Pharmacy Lawsuits Over GLP-1
Medications
Amid GLP-1 shortages, compounding pharmacies stepped in with
affordable alternatives, sparking patent lawsuits from major
manufacturers. The FDA’s shifting stance left patients and
pharmacies caught in the chaos.
#4 Independent Pharmacy Closures
With five independent pharmacies closing daily, pharmacy deserts
are on the rise. Industry insiders cite low PBM reimbursements and
insurance challenges as key factors behind the closures.
#3 Record-High Drug Shortages
From ADHD medications to chemotherapy drugs, 2024 saw 323 active
drug shortages, driven by supply chain disruptions, increased
demand, and manufacturing issues.
#2 Chain Pharmacy Closures
Major chains, including CVS, Walgreens, and Rite Aid, collectively
closed thousands of stores, intensifying access challenges for
communities nationwide.
#1 PBM Scrutiny Intensifies
The FTC launched investigations into major PBMs over
anti-competitive practices, shining a light on the “pharmacy
middlemen” and their role in rising prescription costs.