Vyera Pharmaceuticals LLC and its parent company will pay $40 million over a 10-year period after increasing the price of Daraprim from $17.50 to $750 per pill.
The bill will cap out-of-pocket spending at $2,000 per year and lower the price of insulin from $600 to $35, the Senate Majority Leader said.
Xavier Becerra pushed Trump to limit pharmaceutical price gouging. Now he's the one refusing to act.
"Stop working for drug companies and start working for us and all Arizonans," the ad says.
The administration is hoping to address competition issues by curbing price hikes on name-brand drugs and limiting the power of patent holders.
Decades after Bernie Sanders first ran bus trips to Canada, President Biden has a bipartisan opportunity to end drugmakers' ability to lock Americans out of lower-priced medicine.
According to Politico, leading Democrats in the House of Representatives are looking at avenues to pass drug pricing and climate legislation through the budget reconciliation process.
Rep. Rashida Tlaib (D-Mich.) accused the CEO of drug company Teva of pretending to "look like you give a shit about sick people" while making ever-increasing profits during House testimony on Wednesday.
The pharmaceutical industry has criticized President Donald Trump's new executive order aimed at lowering drug prices.
"Did Bernie Sanders ghost write his remarks?" the newspaper's editorial board asked.
The pandemic has once again shined a bright spotlight on the vexing problem of rising drug prices.
Virginia could be set to become the third state to cap prices on life-saving insulin if Governor Ralph Northam adds his signature to a new bill.
In this week's Democratic presidential debate, Senators Elizabeth Warren of Massachusetts and Amy Klobuchar of Minnesota said they could, and would, take executive action to reduce prices for much-needed drugs as president.
Major U.S. pharmaceutical companies are set to increase the prices of some of their most popular prescription drugs, including the breast cancer medication Ibrance.
The bill seemingly began as a bipartisan effort, but with little GOP support it faces an uphill battle in the Senate.
Imagine if travel websites listed flights with no prices, as airline companies argued that they simply can't know the price before you fly.
China and our other economic competitors would love to see us undermine our own domestic biopharmaceutical sector to their benefit.
"For too long American patients have been paying exorbitantly high prices for prescription drugs that are made available to other countries at lower prices," Azar said in a statement on Wednesday.
Without laws to enforce them, the president's ideas to control drug prices will do just the opposite.
Bean-counting over drug costs ought to be abhorrent to anyone who calls himself a physician.
New cancer drugs can extend life for days, months, even years. But they can also push you and your family into bankruptcy.
The California agency that runs the state's Obamacare marketplace is limiting the cost of high-end medicine.