drug pricing
Maryland lawmakers advance bill expanding mandate for drug affordability board
The Maryland House of Delegates has voted to allow a state board to extend its mandate for lowering prescription drug costs to all residents, not just those employed by government agencies.
"It's time to act to make drugs more affordable for all. Big drug corporations are making enormous profits and spending lavishly on advertising, even as many people struggle to pay for the prescriptions they need to live healthy lives," said Vincent DeMarco of the Maryland Health Care for All coalition. "This bill will help fix that, and we urge the Senate to approve the bill and for Governor Moore to sign it."
The state's Prescription Drug Affordability Board is meant to regulate drug prices as a utility commission might. Maryland joins several states pursuing affordability boards, as pressure intensifies for solutions to the rising cost of medicines.
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regulatory
FDA approves first drug for rare lipid storage disease
The FDA has approved Ctexli, or chenodiol, as the first treatment for a rare genetic disorder called cerebrotendinous xanthomatosis, which impairs fat metabolism and can lead to abnormal cholesterol deposits in multiple organs. Two years ago, Mirum Pharmaceuticals paid $210 million to Travere Therapeutics to acquire its bile acid portfolio — which included this drug, chenodiol.
Chenodiol has been approved already for decades to treat gallstones. This means that patients with this disease have already been able to access chenodiol off-label for years, FiercePharma points out.
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