Current:Home > StocksDrug shortages at highest since 2014: Chemo drugs, Wegovy, ADHD medications affected -FinanceCore
Drug shortages at highest since 2014: Chemo drugs, Wegovy, ADHD medications affected
View
Date:2025-04-16 21:31:05
Drug shortages have reached a record high in the first three months of 2024.
In the first quarter of the year, 323 drugs were running low, surpassing the 2014 high of 320, according to data provided by the American Society of Health-System Pharmacists (ASHP) and the University of Utah Drug Information Service.
Since 2001, the groups have tracked shortages using voluntary reports from practitioners and patients that are confirmed by drug makers.
Both basic and life-saving drugs are in short supply, from oxytocin and chemotherapy medications to prescriptions for to attention deficit hyperactivity disorder (ADHD) medications. The data does not explain how many patients are affected.
From 2016 to 2020, the average drug shortage impacted more than half a million consumers, with many being older adults ages 65 to 85, the Department of Health and Human Services shared in a report to Congress last May.
Diabetes and weight loss drugs among shortages
Popular diabetes and anti-obesity injection Semaglutide, better known by brand names like Wegovy and Ozempic, are currently facing a shortage, according to the Food and Drug Administration.
The FDA has listed the numerous medicines currently under deficiency.
"All drug classes are vulnerable to shortages. Some of the most worrying shortages involve generic sterile injectable medications, including cancer chemotherapy drugs and emergency medications stored in hospital crash carts and procedural areas," ASHP CEO Paul Abramowitz said in a blog post Thursday.
Abramowitz added that the scarcity of ADHD medications also pose a severe challenge for patients and clinicians.
FTC and HHS are examining shortage crisis
The Federal Trade Commission and the Department of Health and Human Services announced in February that they will investigate whether drug wholesalers and companies that buy medicines for health care providers are partly responsible for the shortages. The departments will examine whether the groups have cut the prices of generic drugs to prevent manufacturers from profiting, to halt production and to discourage rival suppliers.
HHS outlined recommended efforts to help prevent supply shortages like urging drug makers and hospitals to invest in diverse supply chains and encouraging transparency in the market.
While Abramowitz said some of the Biden Administration's recommendations align with the ASHP, the group has "serious concerns" about aspects of the plan, including a proposal that would penalize hospitals unable to meet them.
"Much work remains to be done at the federal level to fix the root causes of drug shortages," he said.
veryGood! (718)
Related
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Here's what happens to the body in extreme temperatures — and how heat becomes deadly
- A New Push Is on in Chicago to Connect Urban Farmers With Institutional Buyers Like Schools and Hospitals
- How climate change could cause a home insurance meltdown
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Amazon Prime Day 2023 Back to College Deals from Tech Must-Haves to Dorm Essentials
- Over-the-counter birth control is coming. Here's what to know about cost and coverage
- Raven-Symoné Reveals How She Really Feels About the Ozempic Craze
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- After Criticism, Gas Industry Official Withdraws as Candidate for Maryland’s Public Service Commission
Ranking
- Don't let hackers fool you with a 'scam
- I’m Obsessed With Colgate Wisp Travel Toothbrushes and They’re 46% Off on Amazon Prime Day 2023
- Study: Higher Concentrations Of Arsenic, Uranium In Drinking Water In Black, Latino, Indigenous Communities
- Save 46% on the TikTok-Loved Solawave Skincare Wand That Works in 5 Minutes During Amazon Prime Day 2023
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- The ‘Plant Daddy of Dallas’ Is Paving the Way for Clean, Profitable Urban Agriculture
- Annoyed by a Pimple? Mario Badescu Drying Lotion Is 34% Off for Amazon Prime Day 2023
- Why the Feared Wave of Solar Panel Waste May Be Smaller and Arrive Later Than We Expected
Recommendation
Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
Behavioral Scientists’ Appeal To Climate Researchers: Study The Bias
Trader Joe's has issued recalls for 2 types of cookies that could contain rocks
Oil Companies Had a Problem With ExxonMobil’s Industry-Wide Carbon Capture Proposal: Exxon’s Bad Reputation
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
Your air conditioner isn't built for this heat. 5 tips can boost performance
Amazon Prime Day Rare Deal: Get a Massage Therapy Gun With 14,000+ 5-Star Reviews for Just $32
Kevin Costner Ordered in Divorce Docs to Pay Estranged Wife Christine $129K Per Month in Child Support