ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

GoodRx Announces Streamlined Access to Sanofi Savings Programs

Potential to save Americans an estimated $260 million or more in 2021 on crucial diabetes treatments and other medications

GoodRx (Nasdaq: GDRX), America’s leading resource for healthcare savings, today announced an integrated offering with global biopharmaceutical company Sanofi (Nasdaq: SNY) to streamline patient access to Sanofi discounts. Commercially insured and uninsured patients can now find, apply for, and claim Sanofi manufacturer discounts directly on the GoodRx platform. This integration makes it easier for the millions of people living with diabetes to access insulin, with the potential to save Americans up to $260 million or more on first fill costs in 2021, based on internal estimates. The ability to determine patient eligibility and receive Sanofi manufacturer coupons - that can be used at the pharmacy - directly on the GoodRx platform represents new functionality that will make brand-drug savings more accessible to GoodRx users who qualify.

Diabetes is one of the most common chronic conditions in America, affecting more than 10% of the U.S. population (34.2 million Americans), according to the CDC. The American Diabetes Association estimates the economic burden of diabetes to be $237 billion in direct medical costs as well as $90 billion in indirect costs due to people missing work. According to a recent analysis by GoodRx, the average insulin patient who has insurance pays $4,800 per year, which represents about 10% of the average American’s annual wage. These out-of-pocket costs vary from patient to patient, depending on insurance status, severity of the disease, and even the presence of other chronic conditions. Diabetes patients who don’t have insurance can spend an additional $1,300 in annual expenses.

“Insulin costs can easily overwhelm people living with diabetes. We are proud to partner with Sanofi to make insulins and other prescriptions more affordable for all Americans, regardless of their income status,” said Doug Hirsch, co-CEO and co-founder of GoodRx. “With this new integration, patients can go to the GoodRx site and easily find the Sanofi program that best suits them and apply in real-time, which is a critical step in helping them access the care they need.”

On the GoodRx site, patients can find Sanofi manufacturer savings programs and be guided to the option that best suits their insurance status. The majority of patients who qualify with commercial insurance pay between $0 to $10 for Apidra, Lantus, Multaq, Soliqua 100/33, and Toujeo, while those who are uninsured pay one set price of $99 per month for any one or combination of Admelog, Apidra, Lantus, and Toujeo.

“The combination of Sanofi’s innovative and industry-leading savings programs and GoodRx’s reach to millions of consumers means that we will be able to provide more patients with access to Sanofi programs that may directly reduce out-of-pocket insulin costs for people who need this medicine,” said Chris Boulton, Head of U.S. Diabetes Marketing, Sanofi. “We look forward to continuing to build out our integration with GoodRx so we can help people living with diabetes find the savings program that best suits them.”

About GoodRx

GoodRx helps Americans get the healthcare they need at a price they can afford. As America’s leading resource for healthcare savings, GoodRx connects consumers with affordable and convenient prescriptions and medical care, including telehealth, mail order prescriptions, doctor visits, and lab tests. We have helped Americans save over $25 billion since 2011 and are the #1 most downloaded medical app over the last three years.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding consumer savings. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the important factors discussed under the caption “Risk Factors” in GoodRx’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2020, and our other filings with the SEC. These factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

Contacts

Recent Quotes

View More
Symbol Price Change (%)
AMZN  231.25
-1.28 (-0.55%)
AAPL  272.52
-0.56 (-0.21%)
AMD  215.65
+0.31 (0.14%)
BAC  55.02
-0.26 (-0.46%)
GOOG  314.17
-0.38 (-0.12%)
META  662.76
-3.19 (-0.48%)
MSFT  485.46
-2.02 (-0.41%)
NVDA  188.94
+1.40 (0.75%)
ORCL  196.30
-0.91 (-0.46%)
TSLA  453.45
-0.98 (-0.22%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.