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California Enacts Tough Drug Price Reporting Law

 
• By Brenda Sandburg

Rx manufacturers must notify state purchasers, health care plans and PBMs of price hikes on drugs with a wholesale acquisition cost greater than $40; follows at least five other state laws, including those of Vermont and Nevada.

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The prescription drug pricing transparency bill signed into law by California Governor Jerry Brown on Oct. 9 is the latest state measure to mandate reporting of drug prices and appears to be one of the most stringent in its requirements of manufacturers.

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• By Cathy Kelly

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