Micros

What actually happens after launch, molecule by molecule.

National prescribing data, every item dispensed in England, every Medicaid script in the US, every PBS prescription in Australia, read at the level where market access decisions live: the molecule. Uptake curves, within-class switching, loss-of-exclusivity erosion.

Looking for the system-level view of country spending forecasts and financing risk? That's Macros.
ANALYSES
France · Administered pricing
The price that didn't move
While England's apixaban price collapsed 95%, France paid the same 59 euros a box for four years, and the national bill nearly doubled. Administered pricing, in monthly data.
1 cutin 64 months
+86%monthly bill, 2021 to 2026
2 systemsone molecule, opposite outcomes
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Direct oral anticoagulants · England, US & Australia · August 2026
One molecule, three prices
When apixaban lost exclusivity, England's price fell 95% in twelve months and £354m a year left the drug bill. Australia's fell on a statutory timetable. America's kept rising for two more years, until Medicare negotiation, not competition, cut it 43% overnight. What one patent cliff, watched in three pricing systems at once, says about erosion assumptions.
−95%England price, 12 months
170×US vs England, per tablet
3 systemscompetition · statute · disclosure
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Prefer the write-up? Read the full analysis ›
GLP-1 receptor agonists · England & US Medicaid · August 2026
What 97% looks like in real prescribing data
England's GLP-1 market nearly tripled in four years. Inside it, liraglutide lost 97% of its volume while tirzepatide went from zero to market leadership in fifteen months, and the same molecules are switching places differently in the US. Why class-level forecasts miss within-class dynamics, and what that does to a budget impact model.
97%liraglutide volume decline
0 → 215ktirzepatide items/month
2 marketsEngland · US Medicaid
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Prefer the write-up? Read the full analysis ›

Three national records, three different populations

These are complete administrative records rather than panel estimates, which is what makes them worth reading at molecule level. But they are records of three different things, and a curve is only as transferable as its denominator.

SourceWhat it recordsWhat it is not
NHSBSA English Prescribing DatasetEvery item dispensed in primary care in England, monthly.Not hospital-administered medicines, and not Scotland, Wales or Northern Ireland.
CMS Medicaid State Drug Utilization DataPrescriptions reimbursed by Medicaid, by state and quarter.Not the US market. Medicaid is one payer among several, its eligibility differs by state, and the mix of people it covers is not the mix the commercial market covers.
PBS and RPBS date-of-supply statisticsPrescriptions supplied under the Pharmaceutical Benefits Scheme in Australia, including under co-payment supply since 2012.Not private prescriptions outside the Scheme. The most recent three months are preliminary and revise as late claims are lodged.

The practical consequence: compare the shape of a curve across these markets, not its level. How steep the uptake was, when it turned, how quickly a class switched and how far a price fell after exclusivity — those travel. Absolute volumes do not.

Questions about the data

Does US data here cover the whole US market?

No, and the distinction matters for a forecast. The US series is CMS Medicaid State Drug Utilization Data, which records prescriptions reimbursed by Medicaid. It is a real, complete, national record of that programme — not a sample — but Medicaid is one payer, and its population is not the commercial one. Read a Medicaid curve as a Medicaid curve.

Can I compare the three countries directly?

Compare shapes, not levels. Each series counts a different denominator, so the absolute volumes are not on a common footing. What does travel between them is the shape of the curve: how steep the uptake, when the inflection came, how fast a class switched, how far a price fell after exclusivity ended.

Is this dispensing or prescribing?

Dispensing. Every one of these sources records what was supplied and reimbursed, not what a clinician wrote or what a patient took. Items are not patients either: a molecule dispensed monthly to one person and once to twelve looks the same in the count.

How recent is the data?

Each publisher runs on its own lag, and all three revise. The most recent months in any of these series should be treated as provisional, which is why launch curves here are read on a common clock from launch rather than against the calendar.

Where these analyses come from

We maintain a molecule-level database built from national prescribing sources: the NHSBSA English Prescribing Dataset (every primary-care item since 2021, 748 million rows), CMS Medicaid State Drug Utilization Data (products mapped to molecules via the openFDA NDC directory), and Australia's PBS date-of-supply data. Launches are aligned on a common clock, coding changes are filtered from genuine launches, and every figure traces to a published public series. The same database supplies uptake analogues and erosion curves for client budget impact work.

Need the curve for your molecule?

Uptake analogues, switching dynamics and erosion benchmarks for a specific class or market, built into a payer-ready model, or delivered as a standalone analysis. Fixed fees.

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