Investigative reports from the House Oversight and Reform Committee recount well-known records of significant price increases for the drugs, the lack of pricing restraints in the US relative to markets abroad, tactics used to protect the drugs from generic competition and the 'return on investment' from manufacturer assistance programs.
Drug Pricing Reports Retread Familiar Ground
There are few surprises but some interesting insights into company strategies in the House Oversight and Reform Committee staff’s investigative reports on pricing and marketing practices for Bristol Myers Squibb Company/Celgene Corporation’s cancer drug Revlimid (lenalidomide) and Teva’s Copaxone (glatiramer) for multiple sclerosis.
The reports aim to build a case for drug pricing legislation (HR 3) that passed the House last year and...
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