Biden, Sanders to take victory lap after drugmakers cap cost of inhalers [View all]

Source: The Hill

04/03/24 6:06 AM ET


President Biden on Wednesday will tout Democrats’ efforts to lower the cost of inhalers after drugmakers announced plans to cap prices.

The president, alongside Sen. Bernie Sanders (I-Vt.), will give remarks at the White House to highlight the crackdown on the cost of inhalers. They will also be joined by health care advocates and experts, according to a White House official.

After the administration’s crackdown, which included scrutiny for anticompetitive practices that can delay lower-cost generics from coming to market, three of the four largest inhaler manufacturers announced in March that they would cap the cost of inhalers for many patients at $35 per month.

The announcements also came after Sanders earlier this year led a letter from a group of Senate Democrats to the CEOs of the four biggest manufacturers of inhalers sold in the United States — AstraZeneca, Boehringer Ingelheim (BI), GlaxoSmithKline (GSK) and Teva — demanding information and documents on the costs involved in the manufacturing of inhalers, among other issues.

Read more: https://thehill.com/homenews/4571261-biden-sanders-to-take-victory-lap-after-drugmakers-cap-cost-of-inhalers/