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Amneal Announces Expanded Coverage For CREXONT To Enhance Access For Parkinson's Disease Patients In The U.S.; Increases Insurance Coverage To Over 50% Of Covered Lives

Benzinga·04/03/2025 12:09:05
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  • CREXONT added to 3 large national formularies: Veterans Administration, UnitedHealthcare and CVS Health
  • Increases insurance coverage to over 50% of covered lives
  • CREXONT was approved by the U.S. FDA to treat Parkinson's disease in 2024

Amneal Pharmaceuticals, Inc. (NASDAQ:AMRX) ("Amneal" or the "Company"), a global biopharmaceutical company, today announced that three large insurance coverage accounts, the Veterans Administration (VA), UnitedHealthcare and CVS Health, have added CREXONT® (carbidopa and levodopa) extended-release capsules for the treatment of Parkinson's disease (PD) to their national prescription drug formularies. CREXONT is a prescription medication for the treatment of PD approved by the U.S. FDA in August 2024.

This expanded coverage increases CREXONT's total U.S. insurance coverage from about 30% of covered lives at the end of 2024 to over 50%. The Company had initially set a goal to surpass 50% coverage by the end of 2025, making this milestone—achieved nine months ahead of schedule—a testament to Amneal's commitment to broadening patient access. The VA has already added the product in its national formulary, covering approximately 10% of U.S. PD patients. UnitedHealthcare will add CREXONT to its standard prescription drug lists in the second quarter of 2025. In addition, CVS Health will add CREXONT as a "preferred" product to its national formulary on July 1, 2025.