I
n the wake of mounting anger over prescription drug costs, a new report by a Senate committee recommends several steps — such as accelerating regulatory review for generics and temporarily allowing imports — to blunt the financial impact that sudden price hikes are having on Americans.
The report from the Senate Special Committee on Aging follows a year-long probe into several well-publicized instances in which drug makers — notably, Valeant Pharmaceuticals and Turing Pharmaceuticals, which was run by Martin Shkreli — used controversial tactics to acquire older brand-name medicines and undermine competition after jacking up the prices to sky-high levels.
Unlock this article by subscribing to STAT Plus. Try it FREE for 30 days!
SUBSCRIBE TODAYWhat is it?
STAT Plus is a premium subscription that delivers daily market-moving biopharma coverage and in-depth science reporting from a team with decades of industry experience.
What's included?
- Authoritative biopharma coverage and analysis, interviews with industry pioneers, policy analysis, and first looks at cutting edge laboratories and early stage research
- Subscriber-only networking events and panel discussions across the country
- Monthly subscriber-only live chats with our reporters and experts in the field
- Discounted tickets to industry events and early-bird access to industry reports
About the Author
