Doing nothing on drug prices 'unacceptable'

The Hill

7 May 2019 - Senate Judiciary Committee Chairman Lindsey Graham said Tuesday that he expects Congress to take action this year to lower drug prices by cracking down on drug companies that delay the patent system to extend their monopolies.

“I expect us to do something on patents and prescription drugs this year,” Graham said at a Judiciary Committee hearing. “I don’t know where the sweet spot is but doing nothing is unacceptable.”

In what could be a troubling sign for the drug industry, a number of senators from both parties called for action on Tuesday to restrict drug companies from using techniques to keep their prices high by finding ways to extend their monopolies on a drug.

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Michael Wonder

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Michael Wonder

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Medicine , US , Regulation , Pricing