header image

[Sign Up Now] to Receive Our FREE Daily SCVTV-SCVNews Digest by E-Mail

Inside
Weather
Santa Clarita CA
Clear
Clear
81°F
 
Calendar
Today in
S.C.V. History
August 3
1975 - Henry Mayo Newhall (Memorial) Hospital opens with 100 beds [story]
HMNMH


California Attorney General Xavier Becerra and Assemblyman Jim Wood (D-Santa Rosa) on Wednesday unveiled legislation to help curb increasing drug prices in California.

AB 824 would prohibit pharmaceutical agreements in which a drug company transfers anything of value to delay a competitor’s research, marketing, or sale of a competing version of its drug.

These agreements, known as “pay-for-delay” agreements, have significantly contributed to price increases for prescription drugs in California.

“Patients and consumers deserve to be free of unfair practices and price manipulation within the pharmaceutical industry,” Becerra said. “This legislation is a crucial step in combating predatory pricing practices, like “pay-for-delay” schemes, by drug companies and in defending access to affordable care.”

“When drug companies use these quiet pay-for-delay agreements with generic drug manufacturers it hurts consumers twice – once by delaying the introduction of an equivalent generic drug that is almost always cheaper than the brand name and again by stifling additional competition when multiple generic companies begin producing even less expensive generic equivalents,” sWood said. “This is just wrong.”

Drug manufacturers employ pay-for-delay agreements to block competitors from marketing lower-cost versions of their drugs. Studies from the Federal Trade Commission and from experts have consistently shown that, as a result of these anticompetitive maneuvers, consumers are left to pay as much as 90 percent more for drugs shielded from competition.

Pay-for-delay agreements are the product of lawsuit settlements between a branded drug company and a generic drug company. In these cases, the branded company sues the generic company for alleged patent infringement. The companies then settle the case out of court in a confidential agreement.

As part of the agreement, the branded drug company pays the generic drug company to keep its generic drug off the market for a period of time. These pay-for-delay arrangements are kept secret from the public through out-of-court settlements.

AB 824 would presume these agreements are anticompetitive and that they delay entry of the generic drug into the marketplace. It would also prevent the parties from withholding relevant evidence regarding the agreements behind attorney-client and common-interest privileges.

This legislation is the first state legislation in the United States to tackle pay-for-delay agreements, providing California with the opportunity to continue to be a leader in pay-for-delay litigation.

Comment On This Story
COMMENT POLICY: We welcome comments from individuals and businesses. All comments are moderated. Comments are subject to rejection if they are vulgar, combative, or in poor taste.
REAL NAMES ONLY: All posters must use their real individual or business name. This applies equally to Twitter account holders who use a nickname.

0 Comments

You can be the first one to leave a comment.

Leave a Comment


SCV NewsBreak
LOCAL NEWS HEADLINES
Tuesday, Aug 3, 2021
Valladares Opens Nominations for Hispanic Heritage Month Honorees
During Hispanic Heritage Month this year, Assemblywoman Suzette Valladares, R-Santa Clarita, will recognize constituents of Hispanic descent who have contributed to their community in the 38th Assembly District.
Tuesday, Aug 3, 2021
Public Health Confirms First 2021 Case of West Nile Virus in LA County
The Los Angeles County Department of Public Health has identified the first case of human West Nile virus infection in L.A. County for the 2021 season.
Tuesday, Aug 3, 2021
Tuesday COVID-19 Roundup: 30,273 Total SCV Cases; Public Health to Host Virtual Town Hall on Schools Wednesday
On Tuesday, Los Angeles County Public Health officials confirmed 20 new deaths and 2,293 new cases of COVID-19 countywide, with 30,273 total cases in the Santa Clarita Valley.
Keep Up With Our Facebook

Latest Additions to SCVNews.com
The Castaic Education Foundation Welcome Wagon announced it will be touring the Castaic community on Monday, Aug. 4, and Friday, Aug. 6 to visit students and their families as the first day of school closes in.
Castaic Education Foundation Welcome Wagon to Tour Castaic Community, Visit Students
Officials at the Santa Clarita Film Office said they have been “busy” in the last few months, a change from the March-June period from last year in which no productions were allowed to roll their cameras.
Santa Clarita Film Office Reports Over $34M Generated in 2021 Fiscal Year
Public comments from local organizations and residents submitted to the Los Angeles County Citizens Redistricting Commission this summer sent a uniform message to commissioners: Keep Los Angeles’s north county communities together.
SCV Residents, Groups Ask Redistricting Commission to Keep North County Communities Together
During Hispanic Heritage Month this year, Assemblywoman Suzette Valladares, R-Santa Clarita, will recognize constituents of Hispanic descent who have contributed to their community in the 38th Assembly District.
Valladares Opens Nominations for Hispanic Heritage Month Honorees
The Los Angeles County Department of Public Health has identified the first case of human West Nile virus infection in L.A. County for the 2021 season.
Public Health Confirms First 2021 Case of West Nile Virus in LA County
On Tuesday, Los Angeles County Public Health officials confirmed 20 new deaths and 2,293 new cases of COVID-19 countywide, with 30,273 total cases in the Santa Clarita Valley.
Tuesday COVID-19 Roundup: 30,273 Total SCV Cases; Public Health to Host Virtual Town Hall on Schools Wednesday
The Los Angeles County Health Officer has issued a Heat Alert for the Santa Clarita Valley beginning Wednesday, Aug. 4.
LA County Health Officer Issues Heat Alert for SCV Beginning Wednesday
The Los Angeles County Department of Parks and Recreation is inviting the public to provide input to help inform future planning and funding to address regional and rural park and recreation needs.
Countywide Effort Encourages Residents to Help Identify Regional, Rural Park Needs
Henry Mayo Newhall Hospital is now offering Transcatheter Aortic Valve Replacement (TAVR), a cutting-edge minimally-invasive procedure to replace narrowed aortic valves that fail to properly open.
Henry Mayo Newhall Hospital Acquires TAVR Technology
Santa Clarita City Manager Ken Striplin has been recognized with the 2021 Award for Career Excellence in Memory of Mark E. Keane, a prestigious award given to one honoree each year from nominations of city managers across the country and around the globe.
City Manager Recognized With International Award of Excellence
As you drive around Santa Clarita, do you ever wonder what work is being done at your neighborhood park? Or when the new Sheriff’s Station will be complete? Maybe you want to go ice skating at The Cube or find out what issues are going before the City Council. There are several ways you can discover what’s going on in your city.
City Manager Ken Striplin: Connect With Your City
1975 - Henry Mayo Newhall (Memorial) Hospital opens with 100 beds [story]
HMNMH
Henry Mayo Newhall Hospital reported an additional death on Monday, bringing the total of COVID-19 related deaths to 153, hospital spokesman Patrick Moody said.
Monday COVID-19 Roundup: Henry Mayo Officials Report 153rd Death; Urge Those Eligible to Get Vaccinated
The Santa Clarita Public Library is excited to announce the return of the Summer Book Bag Sale!
Aug. 7-15: Friends of Santa Clarita Library Hosting Summer Book Bag Sale
Rancho Camulos Museum has launched a new visitor experience at the Rancho Camulos National Historic Landmark, "Last Sundays at the Landmark."
Rancho Camulos Launches ‘Last Sundays at the Landmark’
The city of Santa Clarita’s Film Office released the 11 productions currently filming in the Santa Clarita Valley for the week of Monday, Aug. 2 - Sunday, Aug. 8, 2021:
Filming This Week in SCV: ‘NCIS,’ ‘Leviathan,’ ‘MTV Cribs International,’ 8 More Productions
Registration Now Open for River Rally Volunteers
Registration Now Open for River Rally Volunteers
Mission Valley Bancorp announced Monday a net income of $1.6 million, or $0.48 per diluted share, for the second quarter of 2021, compared to net income of $398 thousand, or $0.12 per diluted share, for the second quarter of 2020.
Mission Valley Bank Releases 2Q Earnings
Saugus High School graduate Abbey Weitzeil anchored Team USA to a silver medal in the women’s 4×100 medley relay in her final swim of the Tokyo Olympics on Sunday.
Saugus High Alumna Abbey Weitzeil Anchors Relay Team to Silver
Santa Clarita is known throughout the state and the nation as a beautiful, safe community.
Mayor Miranda’s August Message: Enjoy All that Santa Clarita Is Offering This Summer
The Governing Board of the William S. Hart Union High School District will hold its Regular Meeting Wednesday, Aug. 4, beginning with a closed session at 6:00 p.m., followed immediately with open session at 7:00 p.m.
Hart District Returning to In-Person Meetings; Public May Now Attend
Do you believe in magic? Then join The MAIN, located at 24266 Main Street in Newhall, for “Enchanted: An Evening of Magic” on Friday, Aug. 20, at 8:00 p.m.
Tickets Now Available for ‘Enchanted: An Evening of Magic’ at The MAIN
Majestic Princess returned to Seattle on Sunday, concluding its sailing to Alaska and marking the first successful United States voyage for Princess Cruises following the extended pause in operations.
Princess Cruises Concludes First Successful Voyage Following Operations Pause
Los Angeles County Supervisor Janice Hahn announced Saturday morning that she’s planning to introduce a motion requiring all county employees “to get the vaccine or face weekly COVID testing.”
Hahn Announces Plan to Propose Vaccine Mandate for L.A. County Employees
%d bloggers like this: