Sen. Bernie Sanders (I-Vt.) sets October confirmation hearing for Monica Bertagnolli, the Biden administration’s nominee for National Institutes of Health (NIH) leader, aiming to alleviate drug pricing concerns. The announcement, made on Friday, brings an end to the administration’s months-long standoff with Sanders. Sanders previously declared his opposition to any health agency nominee until the …
Two leading generic drug companies have reached settlements with the Department of Justice (DOJ) regarding charges of criminal price fixing. The U.S. division of Teva, based in Israel, will pay a $225 million criminal penalty over five years, while the U.S. division of Glenmark, based in India, will pay a $30 million criminal penalty. Both …
Senators Tom Carper of Delaware and Chuck Grassley of Iowa have introduced a new bill, the PBM Oversight Act of 2023, aimed at granting the Centers for Medicare and Medicaid Services (CMS) greater authority in regulating pharmacy benefit managers (PBMs) and their influence on drug pricing. PBMs act as intermediaries within the pharmaceutical industry, negotiating …
The largest lobbying group in the pharmaceutical industry, the Pharmaceutical Research and Manufacturers of America (PhRMA), has filed a lawsuit challenging certain provisions in the Biden administration’s Inflation Reduction Act. These provisions allow Medicare to negotiate prices for specific drugs. The lawsuit, filed in the U.S. District Court for the Western District of Texas, argues …
Senator Elizabeth Warren (D-Mass.) and a group of lawmakers are urging the Biden administration to provide updates on its review of the government’s right to seize patents on high-priced drugs that have been developed using public funds. In a letter addressed to the Department of Health and Human Services and Commerce, released by The Hill, …
The U.S. Chamber of Commerce has filed a lawsuit against the Biden administration over the Medicare price negotiation provisions in the Inflation Reduction Act. Merck also filed a lawsuit earlier this week, making the Chamber of Commerce the second organization to challenge the measure. In a statement, the Chamber of Commerce argued that government price …