FDA advisers will meet in May to weigh making a contraceptive pill available without a prescription for the first time.
HRA Pharma, a French drug company owned by Perrigo, applied to switch its Opill pill from prescription-only to over-the-counter last July.Opill could generate $100 million in peak sales, according to analysts.
"Just over 15% of women who walk into a pharmacy with a prescription for an oral contraceptive don't walk out with it filled," Raymond James analyst Elliot Wilbur wrote in a note. "This presents a unique capture opportunity since the potential user is already in [the] store."The Affordable Care Act requires insurers to cover contraception without cost sharing, but this has been interpreted to apply to prescriptions.
Reproductive health advocates have asked the federal government to clarify that the coverage should also apply to over-the-counter birth control options.
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