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Sat Apr 24, 2021, 08:31 PM

Bill taking aim at anti-competitive pharmaceutical pricing passes Oregon Senate

The Oregon Senate passed a bill on Thursday intended to stop an anti-competitive practice used by pharmaceutical companies.

THE ISSUE: Prescription drugs are increasingly unaffordable.

THE BILL: Senate Bill 764

WHAT IT DOES: Allows the Oregon attorney general to take action against pharmaceutical companies that use agreements to stifle competition.

WHY IT WAS PROPOSED: According to state Sen. Deb Patterson, D-Salem, pharmaceutical companies take legal action against competitors who may be developing a generic version of a drug. As part of the settlement agreement, the pharmaceutical company pays its competitor not to develop the generic version of the drug.

Read more: https://www.salemreporter.com/blogs/174/#4106

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