Phathom Pharmaceuticals Announces VOQUEZNA Tablets For Erosive GERD And Associated Heartburn Added To Express Scripts National Formularies For Commercial Patients

Phathom Pharmaceuticals +3.74% Pre

Phathom Pharmaceuticals

PHAT

15.24

15.20

+3.74%

-0.26% Pre
  • One of the largest pharmacy benefit management (PBM) companies in the United States has added VOQUEZNA (vonoprazan) tablets to its national formularies for commercial plans, effective immediately

     

FLORHAM PARK, N.J., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Phathom Pharmaceuticals, Inc. (NASDAQ:PHAT), a biopharmaceutical company focused on developing and commercializing novel treatments for gastrointestinal diseases, today announced the placement of VOQUEZNA® (vonoprazan) tablets for the treatment of adults with Erosive Esophagitis, commonly referred to as Erosive GERD (gastroesophageal reflux disease), and relief of heartburn associated with Erosive Esophagitis on the Express Scripts national formularies, effective immediately. VOQUEZNA is the first and only FDA-approved potassium-competitive acid blocker (PCAB) and the first new class of Erosive GERD treatment to become available in the United States in over 30 years. Commercial access for VOQUEZNA tablets is now estimated at 60 million covered lives in the United States.

"We are thrilled to announce VOQUEZNA has been added to Express Scripts' national formularies, highlighting one of the largest pharmacy benefit management companies in the U.S. is now providing millions of patients the potential for immediate access to our novel treatment for Erosive GERD," said Martin Gilligan, Chief Commercial Officer of Phathom. "This formulary placement aligns with our expectations of offering broad access with a single step through a generic proton pump inhibitor (PPI). Given that most Erosive GERD patients have already undergone treatment with a PPI, and many continue to express dissatisfaction with their current regimens, we are pleased with this outcome. Additionally, we are actively engaging with the other major PBMs and health plans to further increase coverage and ensure that patients suffering from Erosive GERD have widespread access to VOQUEZNA."

Erosive GERD, also referred to as Erosive Esophagitis, is a subtype of GERD that affects approximately 20 million people in the U.S. Research shows high dissatisfaction among patients and prescribers with current therapies1 and according to medical claims analysis, approximately 35% of Erosive GERD patients treated with a prescription PPI switch to a different PPI within three months of initial treatment.2

Phathom is also offering programs for eligible patients who face coverage or affordability issues, including co-pay assistance for patients with commercial insurance. For more information, please visit www.voquezna.com/savings.

VOQUEZNA is available by prescription only and marketed exclusively by Phathom Pharmaceuticals. For more information about VOQUEZNA visit voquezna.com

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