Warren calls for more transparency on Biden drug pricing ‘march-in’ review

0

A group of lawmakers led by Sen. Elizabeth Warren (D-Mass.) is pressing the Biden administration for updates on its review of the government’s authority to seize the patents of high-priced drugs developed with public funds.

In a letter to the Health and Human Services and Commerce departments, shared first with The Hill, the lawmakers called for more transparency about a working group that has been tasked with reviewing the administration’s “march-in rights.” 

March-in rights are an authority granted under a 1980 law that allow the government to take control of a private company’s patent and license the product to other manufacturers if it is not made available to the public on reasonable terms. 

In the letter sent Friday, Sens. Warren, Angus King (I-Maine) and Rep. Lloyd Doggett (D-Texas) said they were “concerned that there have been no public updates about the Working Group’s membership, process, timeline, or scope of work in the more than two months since it was first announced.”

The Biden administration in March rejected a formal request from advocacy groups to use march-in rights to break the patent of the prostate cancer drug Xtandi as a way to lower the price. 

At the same time though, the administration announced a plan to review its march-in authority with an interagency working group and to develop criteria, “including price,” for using the rights.

The lawmakers asked the agencies for answers to questions about how the group will operate, including how agency leadership will ensure the process remains independent from “corporate interests.” 

They also pressed for a list of patents that have benefited from government resources.

The Inflation Reduction Act gives Medicare the ability for the first time to negotiate the prices of some drugs, but progressives like Warren want the administration to go further to lower drug prices, including by breaking patents. 

Copyright 2023 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Health & Fitness News Click Here 

Read original article here

Denial of responsibility! Rapidtelecast.com is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
Leave a comment