President Biden’s executive order on economic competitiveness highlights a few specific drug pricing policies that have long been championed by Democrats: drug importation, march-in rights, and barring pay-for-delay patent settlements. Of the three, march-in rights may have the biggest impact, simply because an administration has not yet attempted to wield the tool.
The policies will likely form the backbone of a “comprehensive” plan to lower drug prices that the executive order tasks Health and Human Services Department Secretary Xavier Becerra with developing by the end of the summer
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