Fair Accountability and Innovative Research Drug Pricing Act of 2019 This bill requires manufacturers to report about certain price increases for prescription drugs and biological products with a wholesale cost of at least $100 per month. Such reports must include, among other information (1) the percentage price increase, (2) a justification for such increase, (3) the price history of the drug, (4) the total cost to develop the drug, and (5) the total revenue and net profit generated from the drug.
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Fair Accountability and Innovative Research Drug Pricing Act of 2019
USA116th CongressS-1391| Senate
| Updated: 5/9/2019
Fair Accountability and Innovative Research Drug Pricing Act of 2019 This bill requires manufacturers to report about certain price increases for prescription drugs and biological products with a wholesale cost of at least $100 per month. Such reports must include, among other information (1) the percentage price increase, (2) a justification for such increase, (3) the price history of the drug, (4) the total cost to develop the drug, and (5) the total revenue and net profit generated from the drug.
Business recordsCivil actions and liabilityCongressional oversightConsumer affairsCorporate finance and managementGovernment information and archivesGovernment studies and investigationsHealth care costs and insuranceInflation and pricesManufacturingMarketing and advertisingMedical researchPrescription drugsResearch and development