UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 6, 2012
Cadence Pharmaceuticals, Inc.
(Exact name of registrant as specified in its charter)
Delaware | 001-33103 | 41-2142317 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
12481 High Bluff Drive, Suite 200
San Diego, California 92130
(Address of principal executive offices, including zip code)
(858) 436-1400
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01. | Regulation FD Disclosure. |
Cadence Pharmaceuticals, Inc. (Cadence) hosted an Analyst and Investor Day on December 6, 2012. A copy of the slides used during the event is attached as Exhibit 99.1 to this Current Report on Form 8-K, and Theodore R. Schroeder, President and Chief Executive Officer of Cadence, and other executive officers expect to use selections from these slides at various upcoming meetings.
In accordance with General Instruction B.2. of Form 8-K, the information under Items 7.01 and 9.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, whether made before or after the date hereof, except as expressly set forth by specific reference to Items 7.01 and 9.01 to this Current Report on Form 8-K in such filing.
By filing this information, Cadence makes no admission as to the materiality of any information in this report. The information contained in this report and the exhibit hereto is intended to be considered in the context of Cadences filings with the Securities and Exchange Commission and other public announcements that Cadence makes, by press release or otherwise, from time to time. Cadence undertakes no duty or obligation to publicly update or revise the information contained in this report or the exhibit hereto, although it may do so from time to time as its management believes is appropriate. Any such updating may be made through the filing of other reports or documents with the Securities and Exchange Commission, through press releases, through its website or through other public disclosure.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit |
Description of Exhibit | |
99.1 | Analyst and Investor Day Presentation, dated December 6, 2012 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CADENCE PHARMACEUTICALS, INC. | ||
By: | /s/ William R. LaRue | |
William R. LaRue | ||
Senior Vice President, Chief Financial Officer, Treasurer and Assistant Secretary |
Date: December 6, 2012
EXHIBIT INDEX
Exhibit |
Description of Exhibit | |
99.1 | Analyst and Investor Day Presentation, dated December 6, 2012 |
Improving the lives of hospitalized patients
Cadence Pharmaceuticals
Analyst and Investor Day
Millennium Broadway Hotel
New York City
December 6, 2012
©
2012 Cadence Pharmaceuticals, Inc. All rights reserved.
Exhibit
99.1 |
2
This presentation includes forward-looking statements, which are based on our
current beliefs and expectations. Such statements include, without
limitation, statements regarding: the anticipated U.S. market opportunity for OFIRMEV; our financial estimates and projections; our
expectations regarding growth in customer base, market base, order rates and market
penetration, and their ability to drive revenue growth for
OFIRMEV;
physician
projections
regarding
OFIRMEV
utilization
in
surgical
inpatients
and
the
average
number
of
doses
to
be
administered
to
patients;
statements
regarding
the
prospects
for
approval
by
the
FTC
and
DOJ
of
our
settlement
with
Perrigo
Company,
and for ultimately receiving any payments under that settlement from Perrigo; our
confidence in the strength of the patents covering OFIRMEV and ability to
prevail in the ongoing intellectual property litigation against Exela PharmaSci and its affiliates; the sustainability of
our core business; the sufficiency of our capital resources to fund our operations;
and our ability to execute our strategies for acquiring, in- licensing,
developing and commercializing proprietary products principally for use in the hospital setting.
You are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof. Our actual future
results may differ materially from our current expectations due to the risks and uncertainties inherent in our business. In addition, past
results and trends may not be indicative or a guarantee of future results or
trends. These risks include, but are not limited to: our dependence
on
the
successful
commercialization
of
OFIRMEV,
which
is
our
only
product;
our
ability
to
achieve
broad
market
acceptance
and generate revenues from sales of OFIRMEV; our dependence on our contract
manufacturers and our ability to ensure an adequate and continued supply of
OFIRMEV to meet market demand; our ability to successfully enforce our marketing exclusivities and intellectual
property rights, and to defend the patents covering OFIRMEV, including our current
patent litigation; the potential that we may be required to continue patent
litigation for substantial lengths of time, file additional lawsuits to defend our patent rights from challenges by Exela or
other companies that may submit ANDAs for generic versions of OFIRMEV, and the
substantial costs associated with such lawsuits; potential product liability
exposure; the risk that we may not be able to raise sufficient capital when needed, or at all; and other risks detailed
under Risk Factors
and elsewhere in our Annual Report on Form 10-K for the period ended December
31, 2011, and our other filings made with the Securities and Exchange
Commission from time to time. All forward-looking statements are
qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of
Section 21E of the Private Securities Litigation Reform Act of 1995 and we
undertake no obligation to revise or update this presentation to reflect
events or circumstances after the date hereof. Caution on forward-looking
statements CADENCE
®
, OFIRMEV
®
and the Cadence and OFIRMEV logos are trademarks of Cadence Pharmaceuticals, Inc.
©
2012 Cadence Pharmaceuticals, Inc. All rights reserved.
|
3
Agenda
Introductory Remarks
Theodore R. Schroeder, President & CEO
Cadence Pharmaceuticals
OFIRMEV: Driving Sustainable Growth
Scott A. Byrd, Senior Vice President, Chief Commercial Officer
Cadence Pharmaceuticals
Clinical Experience with OFIRMEV
David Cziperle, M.D.
Clinical Assistant Professor of Thoracic and Cardiovascular Surgery at Loyola
University Q&A
Multi-modal
Pain
Management:
Potential
to
Improve
the
Cost
and
Quality
of
Care
Robert Ang, M.D., Vice President, Medical Affairs
Cadence Pharmaceuticals
Pain Management; A Hospital Pharmacists Perspective
John Marshall, PharmD, BCPS
Clinical Pharmacy Coordinator-Critical Care, Beth Israel Deaconess Medical
Center Q&A Panel
Closing Remarks
Theodore R. Schroeder, President & CEO |
4
OFIRMEV
®
product overview
OFIRMEV
®
(acetaminophen) injection
A non-NSAID, non-opioid IV antipyretic / analgesic agent
Approved by FDA on November 2, 2010
Approved for:
Mild to moderate pain
Moderate to severe pain with adjunctive opioid
analgesics
Fever
Approved for use in adults and children 2 years of
age and older |
5
OFIRMEV is contraindicated in patients with severe hepatic impairment, severe active
liver disease or with known hypersensitivity to acetaminophen or to any of the
excipients in the formulation.
Acetaminophen should be used with caution in patients with the following conditions:
hepatic impairment or active hepatic disease, alcoholism, chronic
malnutrition, severe hypovolemia, or severe renal impairment.
Do not exceed the maximum recommended daily dose of acetaminophen. Administration of
acetaminophen by any route in doses higher than recommended may result in
hepatic injury, including the risk of severe hepatotoxicity and death.
OFIRMEV should only be administered as a 15 minute intravenous infusion.
Discontinue OFIRMEV immediately if symptoms associated with allergy or
hypersensitivity occur. Do not use in patients with acetaminophen
allergy. The most common adverse reactions in patients treated with OFIRMEV
were nausea, vomiting, headache, and insomnia in adult patients and nausea,
vomiting, constipation, pruritus, agitation, and atelectasis in pediatric
patients. The antipyretic effects of OFIRMEV may mask fever in patients
treated for post-surgical pain.
To report SUSPECTED ADVERSE REACTIONS, contact Cadence Pharmaceuticals Inc. at
1- 877-MIS-CADX (1-877-647-2239) or FDA at
1-800-FDA-1088 or www.fda.gov/medwatch. 5
OFIRMEV
®
important safety information |
OFIRMEV:
Driving Sustainable Growth
Scott A. Byrd
Senior Vice President,
Chief Commercial Officer
Cadence Pharmaceuticals |
7
Launch,
Growth,
Expansion:
building
blocks |
8
Stage III
Increase Doses Per
Patient
Stage II
Broaden Physician
Utilization
Stage I
Create Access
Launch,
Growth,
Expansion:
promotional
effort
ED
Onco
(Acute
Pain)
Quality/
Administration
Burn/
Trauma
ICUs
RPh
ASA
Surg
Gen
Card
Neuro
Ortho
Ob/
Gyn
Other |
9
Hospitals continue to add OFIRMEV to formulary
Formulary adoption exceeded company projections
Over 400 hospitals added OFIRMEV in 2012, for a total of over 2,000 formulary
approvals through Sep 2012
Launch
Performance:
rapid
formulary
penetration
Source: Cadence Internal Data |
10
Significant and continuous growth in new customers
Launch Performance:
significant growth in new customers
Source: Source Healthcare Analytics, Source®
PHAST Institution, Oct 23, 2012.
10%
growth
in
unique
accounts
ordering
OFIRMEV
in
Q3
vs.
Q2
Growth driven by hospital adoption |
11
Launch Performance:
rapid penetration of perioperative pain management
Source:
Premier Hospital Database, report provided by Premier Research Services Nov. 9,
2012 Analysis of patient discharge data
Sample includes over 400 hospitals representing approximately 4.5M surgical patient
discharges/year |
12
Launch Performance:
increasing utilization per patient
Source:
Premier Hospital Database, report provided by Premier Research Services Nov. 9,
2012 Analysis of patient discharge data
Sample includes over 400 hospitals representing approximately 4.5M surgical patient
discharges/year |
13
OFIRMEV sales continue to accelerate
Annualized October 12 sales $73M
Launch Performance:
significant sales growth through Oct 2012
Source:
Source
Healthcare
Analytics,
Source®
PHAST
Institution,
Nov
21,
2012. |
14
Launch Performance:
top-tier revenue growth during first 2 years of launch
Source:
Source
Healthcare
Analytics,
Source®
PHAST
Institution.
Cubist
Pharmaceuticals,
Inc.
Form
10-Q
reports.
Based
on
Cadence
comparison
to
other
selected
product
launches
in
hospital
market
over
period
Mar
2006
Oct
2012.
OPAT utilization from Cubist Corporate Presentation, Cubist.IP.9.06.
** Cubicin monthly sales are averaged within each quarter
OFIRMEV hospital sales growth compares favorably vs. recent hospital
launches despite significantly lower price. |
15
Launch Performance:
top-tier revenue growth during first 2 years of launch
Source:
Source
Healthcare
Analytics,
Source®
PHAST
Institution.
Cubist
Pharmaceuticals,
Inc.
Form
10Q
reports.
Based
on
Cadence
comparison
to
other
selected
product
launches
in
hospital
market
over
period
Mar
2006
Oct
2012.
OPAT utilization from Cubist Corporate Presentation, Cubist.IP.9.06.
** Cubicin monthly sales are averaged within each quarter
OFIRMEV hospital sales growth compares favorably vs. recent hospital
launches despite significantly lower price. |
16
Achieving
Sustainable
Growth:
market
dynamics
*Awareness, Trial, Usage (ATU) study conducted by GfK Healthcare, May 2012 (n=180
surgeons and anesthesiologists) Headwinds
Hospital silo management
Hospital budget pressures
Tailwinds
CMS and Joint Commission focus on quality of pain management
Value Based Purchasing Program, HCAHPS
Joint Commission Sentinel Event Alert Safe Use of Opioids
Positive physician and nurse experience with OFIRMEV
98% of physicians surveyed reported that OFIRMEVs efficacy met or
exceeded their expectations*
2 of 3 indicate they are very likely to recommend to colleagues*
Growing base of positive local data (clinical and economic)
|
17
Achieving
Sustainable
Growth:
commercial
strategy
Broaden and deepen post-op pain utilization
Increase penetration of surgeon user base
Continue to improve ease of use (stocking at point of care, standing orders,
etc.)
Increase initiatives with front line caregivers
nurses and physician
assistants
Expand into non-operative acute pain management
Non-operative acute pain management estimated to represent 30-40% of IV
analgesic use
Non-operative applications currently account for only about 10% of
OFIRMEV use
Demonstrate that multi-modal pain management may be a key
solution to the economic and quality squeeze being experienced
by hospitals |
18
Long
Term
Growth
Opportunity:
three
key
drivers
Share of
Patients
Doses per
Patient
Price
Significant and
sustainable future
growth |
19
Perioperative Pain
Population
Long
Term
Opportunity:
ketorolac
as
a
case
study
Limitations of NSAIDs
Benchmarking potential future use of OFIRMEV against ketorolac utilization
OFIRMEV Eligible
Population
NSAID
Treated
Population
Perioperative Pain Population
Contraindications/ Boxed Warnings:
Patients receiving aspirin or
NSAIDs
Nursing mothers & labor/delivery
Active or history of peptic
ulcers or GI bleeding
Advanced renal impairment
Prophylactic analgesic prior to
major surgery
High Risk of Bleeding |
20
Long
Term
Opportunity:
share
of
patients
Physicians project OFIRMEV to be much more broadly utilized than
NSAIDs
Sources:
*
Premier
Hospital
Database,
report
provided
by
Premier
Research
Services
Nov
9,
2012
**Awareness, Trial, Usage (ATU) study conducted by GfK Healthcare, May 2012 (n=180
surgeons and anesthesiologists) Question: Thinking ahead
to 3 years from now, what proportion of your surgical procedures do you expect to include the
use of OFIRMEV? |
21
Long
Term
Opportunity:
doses
per
patient
Physicians project significant increases in doses per patient
Source: Awareness, Trial, Usage Study conducted by GfK Healthcare, May
2012 Question 1: When you use OFIRMEV, how many vials are you using per one
typical surgical procedure? Question 2: How many vials of OFIRMEV do you
expect to use per one typical surgical procedure 3 years from now? |
22
Long
Term
Growth
Opportunity:
three
key
drivers
Share of
Patients
Doses per
Patient
Price
Significant and
sustainable future
growth |
David J.
Cziperle, M.D., FACS American Board of Surgery
American Board of Thoracic Surgery |
31 Thoracic
and Cardiovascular Surgeons 3 Vascular Surgeons
3500 annual Cardiac Procedures
4000 annual Thoracic/Vascular Procedures |
22
Hospitals 21 Community Based Hospitals
1 University Based Hospital
Practice Area Encompasses 3 States and a 250 Mile
Geographic Radius
Multiple Healthcare Systems |
Late
2010 I was contacted by a senior pharmaceutical representative
regarding a new product Intravenous Acetaminophen
Initial contact was approximately 5 minutes
Subsequent contact was approximately 90 minutes |
My Initial
Response Whats the big deal
.acetaminophen has been around
since the 1950s?
Why hasnt an intravenous product been available?
Does it really work?
Is it safe?
Why should I use it instead of the traditional oral and
rectal acetaminophen products?
How much does it cost? |
What I
Subsequently Learned OFIRMEV is the only drug of its kind. A new class of
Non-Opioid, Non- NSAID intravenous analgesic. Approved for use in adults
and children greater than 2 years of age. Also utilized to treat fever.
Used in Europe as PERFALGAN since 2002
Over 400 million doses utilized in 60 countries prior to US approval
A well established safety profile
Traditional utilization of oral and rectal acetaminophen has substandard
and unpredictable absorption that translates into an ineffective
patient
treatment response
Cost approximately $10.80 per dose |
Early
2011 November 2010 presentation to Cadence Pharmaceutical
management team regarding daily clinical practice of a
Thoracic and Cardiovascular Surgeon
Opened a dialogue about potential OFIRMEV utilization in
patients undergoing Thoracic and Cardiovascular Surgical
Procedures |
|
|
Traditional
Analgesic Experience Pain
.The Fifth Vital Sign
Patients who experience severe pain have a prolonged
recovery time and an increased risk of complications
Utilize narcotics/opioids for pain treatment
Narcotic related side effects are to be expected |
Traditional
Pain Treatment Paradigm
Mild Pain
Administer Narcotics/Opioids
Moderate Pain
.Administer More Narcotics/Opioids
Severe Pain
Administer increasing doses of
Narcotics/Opioids.
Consider sustained
release
products/Epidural/PCA |
2004 ASA Task
Force Recommended a multi-modality pain management
strategy
Slow to gain traction as Traditional Pain Management
Paradigm was well entrenched
Surgeons continued to rely on narcotics/opioids as the
foundation of pain management
Surgeons began to embrace pain pumps/local nerve
blocks/NSAIDs
Surgeons primarily focused on live patient discharges with
little emphasis on patient satisfaction |
2012 Pain
Treatment Paradigm Mild Pain
Administer
Non-Narcotic/Non-Opioid
(OFIRMEV)
Moderate Pain
.Administer Non-Narcotic/Non-Opioid
(OFIRMEV) Consider other Non-Narcotic/Non-Opioid
agents and techniques
Severe Pain
Administer Narcotic/Opioids as an
adjunct to a foundation of Non-Narcotic/Non-Opioids
(OFIRMEV) |
OFIRMEV
A
New Product |
Before
Utilizing the First Dose Physician exposure to the OFIRMEV clinical studies.
Outstanding improvement in patient satisfaction scores
coupled with decreased narcotic consumption in multiple
studies across multiple surgical specialties
Well Established Safety Profile
World-Wide Experience
Low Cost Per Dose
Obtaining Hospital Formulary Approval |
Hospital
Formulary Process A Formal Process
Can be complicated with many potential pitfalls
Potential Restrictions to
Utilization
.Surgeons/Anesthesiologists/NPO status/Not
Automatic Renewal
Committee
Members
...Physicians/Pharmacists/Administrators
IF YOU CANNOT PASS THE FORMULARY
PROCESS
..THE PRODUCT IS DOOMED!!!!! |
Post-Formulary Approval
The Initial Physician Experience
Is OFIRMEV Effective?
Ease of Administration
Positive Patient Feedback
Positive Nursing Feedback
Any Adverse Effects? |
Post-Formulary Approval
Initial Pharmacy Experience
Is there Physician interest in OFIRMEV?
Is OFIRMEV being utilized responsibly?
Impact of OFIRMEV on Pharmacy budget
Ordering/Storage/Distribution Issues
Is OFIRMEV placed at point of use or is it hidden in the
basement?
Institution Trial Impact Studies
.Does OFIRMEV meet
expectations? |
Navigating
Through Pharmacy Issues
Physician-Patient care relationship is paramount
Physicians must use OFIRMEV responsibly
Physician as educator of
Pharmacists/Administrators/Nursing Staff/Medical Staff
Persistence |
December
2012
OFIRMEV Personal Experience
Approaching 18-24 months of clinical experience
Utilized in every patient unless contraindicated
Initial dose administered in the operating room
Duration of Use 24-48 hours (4-8 doses per patient)
Part of Standing Orders
No adverse effects noted to date
Good Patient Satisfaction Scores |
December
2012
OFIRMEV Personal Experience
Many patients no longer receive narcotics/opioids
Selected patients bypass the PACU
Generally, Decreased Length of Stay
Overall Decreased use of Pain Pumps/Epidurals/PCAs
EMR/CPOE Best Practice Guidelines
OFIRMEV has been added to Orthopedic/Bariatric/General
Surgery/Plastic Surgery/Neurosurgery/Thoracic and
Cardiovascular standing order sets. Exceptional outcome
across 250 mile practice radius across multi-specialties |
|
|
|
The
Future
Beyond 2012 Impact of August 2012 Joint Commission Sentinel Event
Alert Regarding Safe Use of Opioids in Hospitals
HCAHPS
.Hospital Consumer Assessment
of
Healthcare Providers and Systems
Affordable Care Act of 2010
..Hospital Reimbursements
Based on HCAHPS Scores
Physician Reimbursement Based on Report Cards |
|
NEXT
STEPS Physician Education regarding multimodal pain
management strategy and utilization of OFIRMEV to
decrease narcotic/opioid consumption
Hospital CEO/CFO/administration education regarding
Budget Impact Model utilizing multimodal pain
management
to achieve narcotic/opioid reduction and
reduce adverse effects
The Joint Commission/HCAHPS/Affordable Care Act are
here to stay |
NEXT
STEPS Hospital CEO/CFO acceptance of increased Pharmacy
costs due to OFIRMEV utilization in order to achieve
potential cost reduction benefit to the institution from
better patient satisfaction scores and decreased
narcotic/opioid utilization
Incorporation of OFIRMEV in best practice pattern subset
standing physician orders in EMR/CPOE systems
Achieving any of the above Next Steps
should lead to an
increase in OFIRMEV utilization |
Multimodal Pain Management:
Potential to Improve the Cost and
Quality of Care
Dr. Robert Ang, MD MBA
Vice President, Medical Affairs
Cadence Pharmaceuticals |
52
Opioids:
frequent
adverse
events
Type of Opioid-
Related Adverse
Event
Incidence Following:
PCA
Opioids
IM or IV Bolus
Opioids
Gastrointestinal
37.1%
28.2%
Central nervous
system
33.9%
75.9%
Pruritus
14.7%
13.9%
Urinary retention
16.4%
4.1%
Respiratory
depression
1.8%
2.4%
Source: Oderda G. Pharmacotherapy 2012;32(9 Suppl):6-11
|
53
Opioids:
considerable
costs
of
related
adverse
events
Estimated Per-Patient Cost Increase by
Opioid-Related Adverse Event Type
Ileus data from Simons R, et al. Reg Anesth Pain Med 2009; PS3:17; all other data
from Oderda GM, et al. J Pain Symptom Manage 2003 Mar;25(3):276-83.
Inflation adjustment uses cost increases for inpatient hospital services. |
54
Avoidance of Opioid-Related Adverse
Events May Reduce Hospital Costs
Retrospective
analysis
of
>180,000
surgical
inpatients
utilizing
the
Premier
Research
Database,
patients
undergoing
open/lap
colectomy,
lap
cholecystectomy,
hysterectomy
and
total
hip
replacement
Case matching used +/-
3 years of age, gender and APR severity of illness
Oderda GM, et al. Poster presented at 2011 Midyear Clinical Meeting of ASHP, New
Orleans |
55
The Joint Commission Sentinel Event Alert
Source: The Joint Commission Sentinel Event Alert. Safe use of opioids in hospitals.
Issue 49; August 8, 2012.
What
is
a
Sentinel
Event?
Definition: an unexpected occurrence
involving death or serious physical or
psychological injury, or the risk thereof
Sentinel Event Alerts issued to compel
immediate investigation and response
New
Alert:
Safe
use
of
opioids
in
hospitals
Recommendations
for
pain
management
in
order
to avoid
opioid
overdose
Provide
numerous
actions
that
can
be
taken
to
avoid opioid-related
adverse
events
Endorses
the
use
of
non-opioids
as
a
first
line
approach
to
minimize
opioid
consumption |
56
Inpatient Budget Impact Model
Use:
Proprietary, unbranded disease-state
awareness tool for population-based
decision makers only
Data Inputs:
Prepopulated (though customizable):
o
surgical procedure volume;
o
opioid-related adverse event
incidence rates (e.g. PONV,
ileus, respiratory depression);
and
o
adverse event incidence costs.
Facilitys goal for % opioid reduction
Relationship between opioid
reduction and adverse event
incidence reduction |
57
Inpatient Budget Impact Model: Outputs
Model Outputs:
The model illustrates the
estimated budget impact
in several ways, providing
users with both high-level
and department-specific
summaries.
Potential overall savings
are displayed as:
-
annual cost savings,
-
cost savings per stay, or
-
cost savings per
procedure. |
58
Note: Opioid consumption reduction is highly dependent on clinical trial design, and the
clinical consequence of any amount of opioid consumption reduction may not have been
evaluated or demonstrated in a given trial. IV Acetaminophen and Opioid
Consumption Sources: 1. Sinatra et al., Anesthesiology 2005; 102(4):
822-831; 2. Memis et al., J Critical Care 2010;25(3):458-462; 3.
Data
on
file,
Cadence
Pharmaceuticals,
Inc.
;
4.
Atef
et
al.,
Eur
Arch
Otorhinolaryngol
2008;
265(3):
351-3555. |
JOHN MARSHALL, PHARMD, BCPS
CLINICAL COORDINATOR
CRITICAL CARE
BETH ISRAEL DEACONESS MEDICAL CENTER
ADJUNCT ASSOCIATE PROFESSOR OF CLINICAL
PHARMACY
MASSACHUSETTS COLLEGE OF PHARMACY AND
HEALTH SCIENCES
BOSTON MA
IV Acetaminophen
A Hospital
Pharmacy Perspective |
Improve the
Health & Well-Being Of Patients, Families, Employees & Physicians
Through Innovative Clinical Care, Education, & Research
System
Advance as a system of care
Clinical
Care
Education
Research
People
Engage and develop
our people every day
Fiscal Year 2013
BIDMC
Operating Plan
True
North
Grow and enhance a market-leading system of care
that delivers the highest value
by creating and sustaining a culture of continuous improvement
through engagement, development, and support of our
employees, physicians, patients & families
Develop,
standardize, improve
transitions among
sites of care
Respond effectively
to the needs of our
network and
affiliates
Achieve optimal
alignment between
physicians &
hospitals
Enhance wellness
and safety
Promote & support a
culture of service
excellence and
continuous
improvement
Optimize & support
learning &
development |
For new drugs, it can be easy for pharmacy
decision makers to think like this
|
BIDMC Pharmacy
BIDMC Pharmacy
Silo Mentality
Silo Mentality
Thinks: Am I
improving patient
care?
The best care is always
the cheapest care
Thinks: Am I
improving drug use?
I need to keep my
drug budget as small
as possible
What makes BIDMC different? |
The anatomy of a drugs approval and subsequent
use at a hospital |
Pharmacokinetics
Reaches 70% higher concentration (Cmax) than oral acetaminophen in
first 15 minutes, but overall AUC after 1 dose was the same.
Product information Cadence Pharmaceuticals, ofirmev.com
|
Better pain control
Better pain relief with
IV acetaminophen
compared to placebo
(under standard of
care)
Sinatra et al. Anesthesiology. 2005;102:822-831.
|
Opioid Reduction Effect
Less opioids
required when IV
acetaminophen is
used compared to
placebo (under
standard of care)
Sinatra et al. Anesthesiology. 2005;102:822-831.
|
Opioid reduction
This is an extremely attractive possibility with IV
acetaminophen
Sentinel Event Alert (Joint Commission)
Goal to reduce opioid side effects
Post operative nausea/vomiting
Postoperative ileus
Delirium/Over-sedation |
Why did BIDMC add OFIRMEV to formulary?
IV acetaminophen was brought forth by critical care
physicians
There remains an unmet need in optimizing pain control
in the hospital setting
The American Society of Anesthesiologists recommends a
multi-modal approach to pain management
It was thought that being able to utilize IV
acetaminophen would also reinvigorate the use of PO
acetaminophen as an analgesic |
IV acetaminophen approval
IV acetaminophen was approved for use in patients who
are unable to tolerate oral routes of acetaminophen
No formal (IT) restrictions were placed on the ordering or
duration of therapy |
FY 2012 purchases |
Overall use
PACU vs. Inpatient
48% of utilization is for patients admitted to the general
ward/ICU
52% of utilization is in the Post Anesthesia Care Unit
(PACU) |
Inpatient use |
Inpatient use -
analgesia
Average age of patients: 60
Average number of doses per patient: 6
84% also receiving opioids
Utilization as a multi-modal agent
24% also receiving NSAIDs (ibuprofen, ketorolac) |
Most common settings for inpatient use |
Most common indications for inpatient use |
Inpatient use |
PACU Utilization |
PACU
PACU practice is highly nurse-driven
Many orders for pain medications are written, and it
is left to the nurse to determine which agents are
utilized, and in what order. |
PACU pain control and IV acetaminophen |
First line for PACU pain control |
Where IV acetaminophen fits especially well
Patients who are at-risk for opioid-induced side effects
Elderly
Obese
Dementia
Concomitant administration of other sedatives
Patients who have a history of experiencing opioid
adverse effects
Post-operative nausea and vomiting
Opioid-induced delirium |
Additional considerations potentially affecting IV
acetaminophen utilization
Improving patient satisfaction
Reimbursement
Competition
Patient safety
Reducing preventable harm = Cost savings |
Whats next?
Reducing needless variability in care for patients
experiencing pain across the medical center
Using evidence-based data to create better pain
control algorithms
Measuring clinical benefit from reduced opioid
utilization
Side effects
Patient satisfaction |
Closing Remarks
Theodore R. Schroeder
President and Chief Executive Officer
Cadence Pharmaceuticals |
85
Par IV litigation update:
settlement with Perrigo announced Nov. 28, 2012
Lawsuit against Perrigo / Paddock to be dismissed with prejudice
Exclusive right of first refusal granted to Perrigo to negotiate
an
authorized generic agreement with Cadence for the U.S.
Non-exclusive right granted to Perrigo to market generic IV
acetaminophen product under Perrigos ANDA, after Dec. 6, 2020, or
earlier under certain circumstances.
Perrigo would purchase the product exclusively from Cadence.
Cadence would receive product costs plus administrative fee, and
a royalty
payment based on net profits from sales of the AG product
Other details are confidential, and the agreements are subject to FTC /
DOJ review
Litigation remains ongoing against Exela Pharma Sciences, LLC, Exela
PharmaSci, Inc. and Exela Holdings, Inc. |