This week was extraordinary for @POTUS’s efforts to put American patients first and bring down drug prices – including an overwhelming response to the blueprint with over 3,000 comments! Let’s run through the action
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On Wednesday, @US_FDA launched a plan to increase competition in drug markets by encouraging the development of biosimilars, like generic drugs but for expensive drugs called biologics. https://www.fda.gov/downloads/Drugs/DevelopmentApprovalProcess/HowDrugsareDevelopedandApproved/ApprovalApplications/TherapeuticBiologicApplications/Biosimilars/UCM613761.pdf …pic.twitter.com/SFWmW1a5zS
On Thursday, I directed the creation of a working group to examine how safe importation of drugs could address dramatic price increases in drugs produced by sole manufacturers without IP protection. https://www.hhs.gov/about/news/2018/07/19/hhs-secretary-azar-directs-fda-establish-working-group-drug-importation-address-price-spikes.html …https://twitter.com/FoxBusiness/status/1019974147609415685 …
It’s no surprise, given these aggressive actions, that we’ve now seen three companies freeze or drop their prices.https://twitter.com/SecAzar/status/1020020422090379264 …
This great week follows a month and a half of action since we released the @POTUS and @HHSgov blueprint to put American patients first. http://hhs.gov/DrugPricing pic.twitter.com/nbdylwAx03
.@SeemaCMS put Medicare plans on notice that it’s impermissible to impose gag clauses that mean seniors pay more at the pharmacy.https://twitter.com/SeemaCMS/status/997527233089679363 …
.@US_FDA announced guidance to ease information sharing between drug companies and insurers, helping manufacturers and drug plans more quickly set up contracts that serve the patient better. https://www.fda.gov/newsevents/newsroom/pressannouncements/ucm610415.htm …
As part of their Drug Competition Action Plan, FDA has taken numerous actions now to stop the gaming of our regulations by big drug companies trying to stop competition from generic drugs.
Last year under @POTUS, we made a change to how Medicare pays for prescription drugs that will save seniors $320 million a year on their out-of-pocket costs.
Finally, there was @US_FDA’s record-setting year in generic approvals: more than 1,000 drugs approved in FY17, more than ever before. These drugs are estimated to have saved patients nearly $9 billion in 2017.pic.twitter.com/UWON4ZV5HM
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