Since taking office, President Trump has talked tough about
bringing drug prices down.
The HHS secretary went on to say that his agency wanted to find ways for Medicaid and Medicare to
bring drug prices down by creating more resources to negotiate with pharma companies.
Although championed by the government at the time for
bringing drugs prices inline with the rest of Europe, the Office of Fair Trading heavily criticised the PPRS in February.
Not exact matches
Sidenote: Chew is also one of the few biopharma execs I've ever spoken to who voluntarily
brought up the Institute for Clinical and Economic Review (ICER), a tough
drug pricing critic organization which insists on proven outcomes (and has consequently become a major biopharma gadfly), because the group actually validated the cost - effectiveness of Omada's tech.
Shkreli's basic modus operandi in the biopharma sphere was to take niche
drugs in treatment spaces where U.S. patients have few options (although those medicines may very well have been approved and available in other countries) and
bring them to market, after which he'd maintain carte blanche on the products»
prices.
Some critics say the bill has not gone far enough, arguing that transparency on its own won't
bring down
drug prices and the bill lacks a mechanism to enforce
price reduction.
For instance, during a dinner with Republican senators Monday, Trump reportedly
brought up selling insurance across state lines — one of the priorities for which he advocated in the campaign — and
bringing down
drug prices.
«The industry is preparing a thoughtful presentation of a different perspective on
drug prices and the value that we
bring to patients and the medical community.»
«If we
bring forward innovative
drugs that make a difference in the lives of patients, they'll continue to get attractive
pricing,» he says, noting Biogen's work on potential breakthrough Alzheimer's and (additional) multiple sclerosis meds.
Gottlieb suggested that this opaque structure ultimately leads to higher costs by thwarting competition, and argued for broader adoption of «biosimilar»
drugs to
bring down
drug prices.
Nor can every product be built for
prices the average Joe is willing to risk (for example, the next Tesla automobile), or be
brought to market for less than $ 10 million (e.g., the next generation of cholesterol
drugs).
Often it turns out that the
price increases by Valeant and Turing that have provoked the most criticism have been on
drugs that are off - patent — meaning generic competitors are free to enter the market, typically
bringing the
price that most people pay for the
drugs way down.
The president followed up later in the day, tweeting that Merck «is a leader in higher & higher
drug prices while at the same time taking jobs out of the U.S. Bring jobs back & LOWER PRICES!&
prices while at the same time taking jobs out of the U.S.
Bring jobs back & LOWER
PRICES!&
PRICES!»
By
bringing a
drug that's been well - established as safe in other markets to the U.S. for the first time in order to treat a rare disease, the company doesn't just control its
pricing destiny — it will also receive a coveted «priority review voucher» which it can hawk to another firm for tens (or even hundreds) of millions of dollars.
Still, he's taken on market inefficiencies, called for expanding access to biosimilars, is approving generics at a record pace and trying to
bring down
drug prices.
The riskiest part of the risk curve is getting its face kicked in this morning, after President elect Trump said he'd
bring down
drug prices.
Trump's long - awaited plan to
bring down
drug prices, unveiled Friday, will mostly spare the pharmaceutical industry he previously accused of «getting away with murder» and instead focus on increasing private competition and requiring more openness about costs.
Those who support expanding the medical marijuana program say more players will get the
drug to more qualified patients and thus help
bring down the sky - high
prices for some consumers.
Murray's office says she and Azar discussed issues she plans to
bring up in the hearing, including the health care system,
drug pricing and the opioid epidemic.
Researchers found that increasing the use of generic
drugs and
bringing Canadian
drug prices in line with other countries where universal
drug plans achieve better
prices through bulk purchasing and negotiation, would add up to significant savings.
Clinton urged
drugs companies to reduce their
prices in the US and
bring them into line with
prices abroad.
When costs of the failures are added in, the
price of
bringing a new
drug to market is well over $ 1 billion.
Skyrocketing
drugs prices are increasing pressure on an already troubled NHS and becoming a barrier to
bringing new therapies to patients.
In spite of all the efforts to raise awareness and address the problem of fake
drugs, a major complication remains: Generic
drugs, as well as branded
drugs, are often produced overseas and many are sold online, which saves cost and can
bring the
price of medication down, making it affordable to many people.
Dr. Hill's work has included serving as trial counsel for plaintiffs and defendants in patent infringement suits involving breast and ovarian cancer gene tests, radiology informatics, hospital information systems, orthopedic surgical devices, MRI diffusion tensor imaging, generic
drugs in Hatch - Waxman patent litigation, and biologics in suits
brought under the Biologics
Price Competition and Innovation Act.
In such patients, low
priced generic risk pills that combine aspirin with a statin
drug in order to reduce cholesterol and lower blood pressure can
bring down the chances of suffering another stroke or even dying by two - thirds.