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Navitus releases Drug Trend Report, “Clarity for Action”

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Navitus releases Drug Trend Report, “Clarity for Action”
Business

Business

Navitus releases Drug Trend Report, “Clarity for Action”

2026-05-13 18:32 Last Updated At:18:40

MADISON, Wis.--(BUSINESS WIRE)--May 13, 2026--

Navitus today released its 10 th annual Drug Trend Report, “Clarity for Action,” the company’s flagship annual analysis of prescription drug cost trends. The report details how utilization growth and therapeutic innovation drove prescription drug costs in 2025 and outlines clear actions for health plans and plan sponsors to counter accelerating pressure.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260513505747/en/

Across the Navitus commercial book of business, net prescription drug costs increased 8.4%, up from 7% in 2024, largely reflecting demand for high‑cost specialty medications. Despite industry pressures, Navitus enabled 32% of clients to pay less in 2025 than in 2024, and 44% to limit increases to no more than 5%. The Navitus trend also remained below double-digit increases seen in the industry.

“Drug trend is no longer driven primarily by price inflation. It’s also being driven by increased utilization and expanded indications,” said Sharon Faust, Navitus Senior Vice President and Chief Pharmacy Officer. “Existing therapies with broader indications are gaining earlier adoption. These advances demand deliberate, informed management to ensure that costs remain sustainable.”

Specialty and non‑specialty trends shape drug trend

Specialty medications remained the largest driver of drug costs in 2025, with an 11.1% increase. Growth came from increased utilization, particularly in oncology, immunology and dermatology. Biosimilars provided relief by lowering unit costs, but utilization of high‑impact therapies continued to exert upward pressure.

Non‑specialty drug costs increased 5.6%, reflecting rising utilization and steady unit‑cost growth. Diabetes therapies, especially GLP‑1 medications, played a major role, with Mounjaro representing the single largest cost-growth medication. Without GLP-1s, the overall Navitus drug trend was 7.9%. Migraine treatments added trend pressure as well. These increases were partially offset by generic drug launches and reduced utilization in ADHD, cardiovascular and antiviral medications.

“What stands out is how quickly utilization patterns are changing,” Faust said. “Members and prescribers are moving rapidly toward newer and more effective therapies. That shift is happening across nearly every major category.”

Looking ahead: Trend pressures expected to intensify

Drug trend is expected to accelerate in 2026 and beyond, with new biologics and targeted therapies entering the market at premium prices. Utilization is also expected to climb as therapies gain earlier and expanded use. In non‑specialty categories, GLP‑1 medications are expected to remain a dominant cost driver, supported by broader prescriber adoption and patient demand. Migraine care also is expected to continue shifting toward higher‑cost brand-name medications.

What health plans and plan sponsors can do

The report emphasizes that rising drug trend is not inevitable or uncontrollable, but it does require early, informed action. Navitus experts identify proven strategies for managing trend, including:

“Plans have more control than they often realize,” Faust said. “The key is clarity to know what’s driving trend early and having a pharmacy solutions partner that acts quickly with disciplined, evidence‑based options.”

To access the full report, visit: https://navitus.com/drug-trend-reports/2025-drug-trend-report/?utm_campaign=100247_2025_drug_trend_report_dtr&utm_medium=press_release&utm_source=businesswire

“This report is about understanding what forces are driving costs and what actions make a difference,” Faust said. “As drug trend accelerates, plans and plan sponsors need insight they can trust and strategies they can deploy in time to matter.”

About Navitus
Navitus remains the nation’s first transparent, pass-through pharmacy benefit manager (PBM), serving more than 13 million lives nationwide. It uniquely brings clarity to drug pricing and takes costs out of the drug supply chain. Unlike traditional PBMs that generate profit by retaining an undisclosed portion of rebates and discounts negotiated with drug manufacturers and pharmacies, Navitus passes along the complete savings to clients, enabling them to make medication more affordable for their members. The Navitus PBM was established more than 20 years ago by Navitus Health Solutions, LLC, a pioneering pharmacy solutions company. The organization delivers a range of services through portfolio brands including Navitus, Lumicera, Archimedes and Clarventa. Owned by SSM Health and Costco, Navitus Health Solutions serves nearly 20 million lives across 800 clients including employers, unions, government plans, payers and health systems.

Biosimilars reduced projected drug spend by $56 million in 2025 for Navitus clients, showing how switching from brand-name medications to lower-cost alternatives can help offset rising specialty drug costs. The chart compares projected spending without biosimilars to actual costs with adoption.

Biosimilars reduced projected drug spend by $56 million in 2025 for Navitus clients, showing how switching from brand-name medications to lower-cost alternatives can help offset rising specialty drug costs. The chart compares projected spending without biosimilars to actual costs with adoption.

Specialty drugs drove prescription costs higher in 2025, with spending up 11.1% as increased utilization — particularly in oncology, immunology and dermatology — outpaced changes in unit cost. Biosimilars provided some relief by lowering unit costs, but utilization of high-impact therapies continued to push overall spending higher.

Specialty drugs drove prescription costs higher in 2025, with spending up 11.1% as increased utilization — particularly in oncology, immunology and dermatology — outpaced changes in unit cost. Biosimilars provided some relief by lowering unit costs, but utilization of high-impact therapies continued to push overall spending higher.

BETHESDA, Md.--(BUSINESS WIRE)--May 13, 2026--

Walker & Dunlop, Inc. announced today that it has arranged $130 million in financing for the redevelopment of a historic former Veterans Affairs (VA) hospital campus into a 493-unit Class A mixed-use community in Denver, Colorado. The financing, executed through the U.S. Department of Housing and Urban Development (HUD) 221(d)(4) loan program, represents the largest 221(d)(4) construction loan in the company’s history.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260513926684/en/

Chris Rumul, Jason Silva, Cole Parker, and Mike Valucci of Walker & Dunlop FHA Finance arranged the transaction on behalf of their client, GM Development. The project incorporates historic tax credits as a key component of the capital stack, enabling the adaptive reuse of the long-vacant property.

“Executing the largest HUD 221(d)(4) loan in Walker & Dunlop’s history is a significant milestone for our platform,” said Ken Buchanan, EVP and head of FHA Finance at Walker & Dunlop. “We’re proud to partner with GM Development, The City of Denver, and HUD to transform this historic asset, leveraging the program and historic tax credits to deliver high-quality housing while preserving an important piece of Denver’s history.”

Located at the northwest corner of East 9th Avenue and Clermont Street, the 8.22-acre former VA hospital campus will be redeveloped into a Class A mixed-use community at 1055 North Clermont Street. The project will deliver 493 rental units, primarily market-rate, with approximately 8% designated as income-restricted at 60% AMI, within a restored historic 10-story building and an eight-level parking garage. It will also include more than 50,000 square feet of retail and medical office space, including 43,612 square feet on the first floor and garden level, with 12,594 square feet of frontage along East 9th Avenue opening into a central atrium.

“We’re excited to transform this historic site into a vibrant mixed-use community that will help revitalize the surrounding neighborhood and activate a long-underutilized property,” said Sam Edelson, principal at GM Development. “By preserving and repositioning this landmark asset, we’re creating a place that blends history with modern living. We’re grateful to Walker & Dunlop and HUD for their partnership in bringing this vision to life.”

Situated in Denver’s Hale neighborhood, the property is adjacent to the growing 9+CO master-planned district and directly east of Rose Medical Center. The site benefits from strong connectivity to major thoroughfares, including East Colfax Avenue, and is approximately three miles from downtown Denver and 23 miles from Denver International Airport.

Walker & Dunlop is a leading HUD lender, ranked No. 5 based on MAP (Multifamily Accelerated Processing) and LEAN volume in 2025. Since its inception, the firm’s FHA/HUD platform has closed $45 billion across more than 2,000 transactions and continues to deliver consistent results, with a 99% approval rate since 2021. To learn more about our capabilities and financing solutions, visit our website.

About Walker & Dunlop

Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States and internationally. Our ideas and capital create communities where people live, work, shop, and play. Our innovative people, breadth of our brand, and our technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry.

Photo Credit: GM Development

Photo Credit: GM Development

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