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Kirschenbaum — On May 24, Minnesota enacted the Commerce and Consumer Protection Omnibus Bill, Senate File 2744 ( SF 2744 ), which significantly expands the state’s existing drugpricing activities with serious implications for all drug manufacturers, and particularly generic drug manufacturers.
In 2018, the project was put on hold for data gathering. Over the years, the WHO has attempted to evaluate the BQ: a provisional implementation of the programme was suggested in 2016, and in 2017 a pilot BQ project was discussed. The ASBM would be interested in knowing the status of these approaches.
Last week, Novartis announced plans to pay $245 million to end a pay-for-delay legal battle that started in 2018. In this most recent settlement, the drug company faced allegations of colluding with the generics company Par Pharmaceuticals to violate antitrust laws. Gilenya is an oral medication for multiple sclerosis.
In response, The Centers for Medicare & Medicaid Services ( CMS ) issued a proposed remedy for covered entities whose 340B payments were wrongly reduced in calendar years 2018-22. The ruling is an estimated 19,247 words long, or just over 37 pages, printed in single-spaced 10-point Arial.
Against this backdrop, there has been substantial public debate about rising drugprices forced on consumers, including the trite notion that pharmaceutical companies are being “greedy” and seeking to price-gouge the public. The truth about rising drugprices is more nuanced and merits exploration.
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