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FDA commissioner decries drug industry oligopoly

drug industry FDA commissioner oligopoly

FDA commissioner decries drug industry oligopoly

FDA commissioner decries drug industry oligopoly Dive Brief: In a speech earlier this week, FDA Commissioner Scott Gottlieb called out pharmacy benefit managers (PBMs), drug manufacturers, wholesalers and pharmacies to "stop the shell games" in the drug supply chain. He pointed out that despite the fact cheaper, generic drugs are more often prescribed and promoted to patients rather than the more expensive, branded drugs, "generic drugs make up only 26% of prescription drug costs. That’s real savings for patients and our healthcare system overall." The overall tone of the speech was one of concern, with Gottlieb highlighting the fact that when...

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