CEO of Johnson & Johnson, Joaquin Duato; CEO of Merck, Robert Davis; and CEO of Bristol Myers Squibb, Chris Boerner, testify to the Senate Health Committee on “The Highest Prices in the World for Prescription Drugs” at 10:00 a.m. ET on Feb. 8. Witnesses also include: Peter Maybarduk, J.D. Access to Medicines Director, Public Citizen […]
GoodRx, a company that provides prescription price transparency and discounted prices on medications, has agreed to pay a $1.5 million civil penalty as proposed by the Federal Trade Commission (FTC) for its unauthorized sharing of users’ personal information with big technology corporations. On Wednesday, the FTC filed a legal complaint against GoodRx, alleging the company […]
President Joe Biden joined Health Secretary Xavier Becerra and Virginia Congresswoman Abigail Spanberge to give remarks on lowering health care costs. The president focused mostly on the need to lower prescription drug prices, saying that Americans pay two to three times more for prescriptions than any other nation. He is proposing to cap the amounts paid for […]
President Joe Biden on Thursday listed several actions he’ll take in order to deliver lower drug prices. He says one of the reasons drug prices are so high is that generic drugs, or non-patented drugs, often take a long time to reach the market.
President Donald Trump is announcing the signing of a new executive order. This time, to lower prescription drug prices. The order extends an earlier mandate and now covers drugs bought at pharmacies in addition to those given at doctors’ offices.
Drugmakers including Bristol-Myers Squibb, Gilead Sciences, and Biogen have increased their drug prices this month for the New Year on more than a thousand medications. So far in 2020, prices on 619 drugs have increased by an average of 5.9 percent, 604 brand drugs have increased by an average of 5.2 percent and 15 generic […]
CINCINNATI—Federal authorities said Wednesday, April 18, they have charged 60 people, including a doctor accused of trading drugs for sex and another of prescribing to his Facebook friends, for their roles in illegally prescribing and distributing millions of pills containing opioids and other drugs. U.S. Attorney Benjamin Glassman of Cincinnati described the action, with 31 […]
President Donald Trump vowed to bring down the cost of prescription drugs through a major bidding process he stated during a meeting with the Executive Committee of the Congressional Black Caucus Monday afternoon at the White House. The president said he was urged by U.S. Rep. Elijah Cummings (D-Md.) during an Oval Office meeting last […]
