DRL, Sun Pharma among 14 companies facing price probe in US – The Times of India
0
India’s pharma majors Dr Reddy’s and Sun Pharma are among 14 drug makers that are being probed by the US Congress over price escalation of generic drugs.
In letters sent by Elijah E Cummings (Ranking Member of the House Committee on Oversight and Government Reform), and senator Bernard Sanders, 14 companies have been asked to share “information about the escalating prices they have been charging for generic drugs”.
Cummings and Sanders are investigating price increases for drugs used to treat everything from common medical conditions to life-threatening illnesses and to identify measures to help reduce costs for patients, healthcare providers, and hospitals across the country (US), said a statement on the US House of Representatives website.
In their letters, Cummings and Sanders cited data from the Healthcare Supply Chain Association on recent purchases of 10 generic drugs by group purchasing organisations over the past two years.
“When you see how much the prices of these drugs have increased just over the past year, it’s staggering, and we want to know why,” said Cummings. “In some cases these outrageous price hikes are preventing patients from getting the drugs they need,” he added.
Read more – The Times of India