Committee Explores Patent Abuse and PBM Transparency to Address Rising Drug Prices; NIH Requests Comments on Policy for Equitable NIH-Owned Medicine Access
May 22, 2024 | |
Committee Explores Patent Abuse and PBM Transparency to Address Rising Drug Prices; NIH Requests Comments on Policy for Equitable NIH-Owned Medicine Access
The Senate Judiciary Committee convened a hearing to examine competition in the prescription drug market, focusing on ensuring affordable and accessible medications. The Committee scrutinized with experts and patient advocates the range of tools used by brand-name drug manufacturers to delay the entry of generic and biosimilar drugs, such as patent thickets, product hopping, and “pay-for-delay” settlements. Committee members debated… (Colocho, May 22, 2024) #Biosimilars, #Drug Pricing, #Food and Drug Administration, #Generic Drugs, #Pharmacy Benefit Managers, #Transparency