Senate bill seeks to stop excessive drug price hikes | FDA withdraws generic-drug labeling proposal | Senator seeks ideas from insurers, others on reducing health costs
Legislation that would allow HHS to stop unjustifiable drug price hikes has been introduced by Sen. Richard Blumenthal, D-Conn., and three other Senate Democrats. The CURE High Drug Prices Act will permit HHS to force pharmaceutical firms to pay back unjustifiable increases in drug prices to payers and other consumers if the agency deems a price hike is excessive or to bring back the drug's old price for a certain period under qualified or federal health plans.
The FDA withdrew a proposed rule that would have required generic-drug makers to monitor patient safety and update labels with new safety data regardless of updates to the reference product's label. Some stakeholders had expressed concern that the rule could have undermined public confidence in generics and led to higher prices and confusion among patients and physicians.
Sen. Lamar Alexander, R-Tenn., this week asked insurers, hospitals and other stakeholders to submit ideas on reducing health care costs by March 1, 2019. Alexander, chairman of the Committee on Health, Education, Labor, and Pensions, said he plans to have the committee work on legislation next year to reduce health care costs.
Biotechnology Innovation Organization Chair John Maraganore urged drugmakers to pledge to not increase drug prices. Maraganore, who is also CEO of Alnylam Pharmaceuticals, said that "[T]he industry can do better, and Alnylam has stood uniquely to look at things like drug price increases and say 'no, we aren't going to do drug price increases."
The US Patent Trial and Appeal Board rejected Sanofi's claims that Mylan infringed patents on Lantus long-acting insulin, but a Sanofi spokesman said the decision is unlikely to change the market entry time of Mylan's competing product.
Catalyst Pharmaceuticals plans to set a list price of $375,000 a year on Firdapse, which the FDA approved last month to treat Lambert-Eaton myasthenic syndrome. The drug has been available for years at a few hundred dollars per month through compounding pharmacies.
PCMA is the national association representing America's pharmacy benefit managers (PBMs), which administer prescription drug plans for more than 266 million Americans with health coverage provided through Fortune 500 employers, health insurance plans, labor unions, and Medicare Part D. PCMA is dedicated to enhancing the proven tools and techniques pioneered by PBMs that generate savings and access for consumers and payors.
Contact PCMA Charles Cote
Vice President, Strategic Communications