Morning Briefing
Summaries of health policy coverage from major news organizations
Perspectives: If Trump Was Serious About Curbing High Drug Costs His Plans Would Be A Lot More Aggressive
President Trump recently reiterated the pledge he made before taking office 鈥 that he鈥檇 work tirelessly to lower prices of prescription drugs. 鈥淗ard-working Americans don鈥檛 deserve to pay such high prices for the drugs they need,鈥 Trump tweeted the other day. 鈥淲e are fighting DAILY to make sure this HAPPENS.鈥 His solution, he said, is for Americans to import drugs from Canada 鈥渢hat are MUCH CHEAPER than what we have now.鈥 (David Lazarus, 12/2)
Here鈥檚 what good health care looks like: it emphasizes prevention, is accessible and affordable, and puts patients鈥 needs first. Unfortunately, recently proposed health care reforms from Congress don鈥檛 look like that at all. Instead, they seem to be leaving patients behind. Lawmakers in Washington are turning to overly complex alterations of the market and restrictive models of care that do little to directly help patients now. To get a clearer picture, they need to start listening to patients. (Liz Helms, 11/29)
Robert Lighthizer has bent over backward to win labor support for the U.S. trade agreement with Mexico and Canada, but House Democrats are still ordering the U.S. Trade Rep to perform more somersaults. ... One demand is to reduce protections for biologic drugs such as gene and cell therapies. The USMCA includes 10 years of market exclusivity, which is five more than Mexico currently provides and two more than Canada. The U.S. allows drug makers to sell biologics for 12 years before generic biosimilars can be introduced. (12/3)
Gene therapies 鈥斅爐reatments that replace faulty genetic code to fight deadly diseases 鈥 are still in their infancy. Just two have been approved in the U.S. so far. But they got a big vote of confidence after the close of U.S. trading聽Monday聽when Japanese drugmaker Astellas Pharma Inc. announced it was buying Audentes Therapeutics Inc., a Bay Area developer of gene therapies, for $3 billion. The acquisition is a gamble for Astellas. It鈥檚 paying a substantial 110% premium over Audentes鈥檚 closing stock price on Monday, and the聽deal could constrain its ability to buy anything else of significance. And while there鈥檚 been a lot of progress in gene therapy 鈥斅爏ome treatments look like potential cures 鈥斅爊o company has proved聽it can turn promise into sustained commercial success yet.聽Still, it may be worth the risk. (Max Nisen, 12/4)