What is a specialty drug?

A specialty drug is defined by its high cost and the specific handling and monitoring it requires. These medications are often used to treat complex, chronic, or rare conditions, necessitating unique storage conditions and administration processes, which may include injectable or infusion treatments.

The characteristics of specialty drugs include the need for special management due to their complexity, potential side effects, and the need for patient education and ongoing monitoring. This aspect is critical, as it ensures that patients receive the necessary support for their treatment, making proper usage and adherence more likely.

In contrast, standard storage medications or low-cost medications for common ailments do not carry the same requirements or complexities that characterize specialty drugs. Similarly, medications available only over-the-counter do not fit the definition of specialty drugs, as they are typically more accessible and designed for self-management without the need for specialized handling or monitoring.