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Nevada Price Transparency Regs Have Trade Secret Safeguards; Industry Drops Lawsuit

 
• By Cathy Kelly

Regulations allow manufacturers to request that drug production and marketing costs and price contracting information provided to the state be kept confidential.

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The Pharmaceutical Research and Manufacturers of America and Biotechnology Innovation Organization agreed to withdraw a joint lawsuit against Nevada after the state included trade secrecy protections in regulations implementing its diabetes drug price transparency law.

“The regulations are essential to protecting the proprietary information that forms the foundation of the competitive environment in which we operate and determines our ability to innovate and get patients the treatments they need,” PhRMA General

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