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    lower drug prices

    Critics Say Biden Plan to Cut Drug Costs Too Friendly to Big Pharma

    "Federal agencies have shown themselves reluctant to act against unreasonable prices, and this new proposal may give them permission to continue to do nothing," said one expert.

    Brett Wilkins
    Dec 07, 2023

    While welcoming the White House's willingness to tackle pharmaceutical companies' patent abuse and high prescription drug prices, progressive critics argued Thursday that U.S. President Joe Biden must do more to challenge Big Pharma's monopoly power.

    The White House on Thursday announced "new actions to promote competition in healthcare and support lowering prescription drug costs for American families, including the release of a proposed framework for agencies on the exercise of march-in rights on taxpayer-funded drugs and other inventions."

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    healthcare
    Medical professionals, students, ACTUP New York, and their supporters protested outside Pfizer's global headquarters in New York City on March 2, 2019.

    Cancer Patients Challenge Biden Admin's Refusal to Lower Price of Lifesaving Drug

    "We request HHS to consider this appeal directly... because the NIH has repeatedly demonstrated its unwillingness to even acknowledge that the Bayh-Dole Act includes an obligation to make products invented with federal funds 'available to the public on reasonable terms.'"

    Kenny Stancil
    Mar 23, 2023

    Two days after President Joe Biden's administration rejected a petition asking federal regulators to use their authority to lower the astronomical price of a lifesaving prostate cancer drug developed entirely with public funds, petitioners on Thursday filed an administrative appeal.

    At issue is enzalutamide, a drug the Japanese pharmaceutical giant Astellas and its U.S. counterpart Pfizer sell under the brand name Xtandi. Although Xtandi owes its existence to U.S. taxpayers, who bankrolled 100% of its development, an annual supply of the drug costs $189,900 in the United States—three to six times more than its list price in other wealthy nations.

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    big pharma
    drug pricing

    'Appalling': Biden Administration Declines to Force Big Pharma to Cut Price of Prostate Cancer Drug

    "This decision effectively rubber-stamps continued Big Pharma abuse," said one Democratic lawmaker.

    Brett Wilkins
    Mar 21, 2023

    Patient advocates on Tuesday blasted the Biden administration's refusal to compel the manufacturer of a lifesaving prostate cancer drug developed completely with public funds to lower its nearly $190,000 annual price tag.

    In 2021, prostate cancer patient Eric Sawyer petitioned U.S. Health and Human Services (HHS) Secretary Xavier Becerra to grant march-in rights—under which the government can grant patent licenses to companies other than a drug's manufacturer—for enzalutamide, which is sold under the brand name Xtandi by Pfizer and Japanese pharmaceutical giant Astellas.

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    big pharma

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