There are some legal actions afoot that will take potential oversight of U.S. drug pricing to new levels. On June 3rd Vermont became the first state to sign into law a prescription drug transparency law. Under their legislation (S.216), insurers will be required to provide citizens with information about how much prescription drugs will cost out of pocket. ”The law also requires state health care regulators to develop a yearly list of the top fifteen drugs that have yielded the highest price increases. Manufacturers of those medications would then be required to justify the increase to the Attorney General’s Office.” This sounds like a step toward a form of price control that will shape up the pharma industry. See details at http://governor.vermont.gov/node/2784
The new law follows from Gov. Shumlin’s efforts to control health care costs in Vermont. With the help of the Green Mountain Care Board, begun by legislation the Governor pushed for and signed in 2011, the average rate of hospital budget growth has been held at historic lows for each of the last three years. This has resulted in expanding health care to 19,000 individuals and given Vermont a tie for the lowest uninsured rate in the U.S. Thirteen other states, including California, Massachusetts, New York, Ohio and Virginia are also working on drug price transparency bills. California and Ohio are offering ballot measures that would place new price caps on some drugs. See more at: http://www.raps.org/Regulatory-Focus/News/2016/06/03/25064/Vermont-Governor-Signs-Bill-With-Possible-10K-Fines-for-Drug-Price-Hikes/#sthash.u5Xg8qHQ.dpuf
Hightlights of Bay Area Life Science Events Starting Week of June 26
- PBSS Workshop, Monday, June 27, 2016; Topic: “UHPLC in Biopharmaceutical Analysis: Benefits, Practices, Issues and Implementation;” Speakers: Dr. Michael W. Dong, MWD Consulting
- PBSS, Friday MidDay, July 29, 2016; Topic: “CRISPR gene editing platform development for drug discovery and validation,” Speaker: Benjamin Haley, PhD (Genentech)
- BVS ST Biotech Community Event, Thursday Evening, June 30, 2016
- Joint Golden Gate ACS SCV Lecture, Thursday Evening, June 30, 2016; Topic: “Redesigning the Interface between Fresh Produce and the Environment for Sustainable Agriculture;” Speaker Dr. James Rogers, Apeel Sciences
You can download details for the above events in a complete PDF list of upcoming events through Sept. 2016 by right clicking on Audreys Picks June 26, 2016.