1. California legislation: State could be first to develop its own generic drugs

    California legislation: State could be first to develop its own generic drugs

    California is poised to become the first state to develop its own line of generic drugs, targeting soaring drug prices and stepping into a fiercely competitive drug market dominated by deep-pocketed pharmaceutical companies.The Democratic-controlled legislature overwhelmingly approved a measure Monday that would direct the state’s top health agency to partner with one or more drug companies by January to make or distribute a broad range of generic or biosimilar drugs — including the diabetes medicine insulin — that are cheaper than brand-name products.Senate Bill 852 also opens the door for ...

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    1. People need these drugs, but prices are through the roof, so we're saying there's a role for the state to bring prices down.
    2. Other legislative efforts in Congress and in other states have focused on government negotiating with pharmaceutical companies to lower prices on generic drugs.
    3. Generic manufacturers are more than open to doing this kind of partnership.
    4. There's no doubt insulin would be a more complex and expensive drug to develop, but it's certainly possible.
    5. It's a big deal — diabetes affects a lot of people who rely on insulin for their very lives.
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