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.
