RedHill Biopharma (RDHL) Tops Q3 EPS by 16c

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Go back to RedHill Biopharma (RDHL) Tops Q3 EPS by 16c

RedHill Biopharma's (RDHL) Movantik Added To Medicare Part D Formulary

December 1, 2021 7:05 AM EST

RedHill Biopharma Ltd. (NASDAQ:RDHL) ("RedHill" or the "Company"), a specialty biopharmaceutical company, today announced that one of America's largest payors, serving more than 10 million Americans through multiple Medicare plans, has approved the inclusion of Movantik (naloxegol), a peripherally acting mu-opioid receptor antagonist (PAMORA) for opioid-induced constipation, as a preferred and unrestricted brand on its National Medicare Part D formulary starting January 1, 2022.

"It is important for optimal chronic pain treatment that patients are able to manage the debilitating constipation... More