Cost & Value of Biopharmaceuticals

Biopharmaceutical innovation saves lives. It also saves money. Every reduced hospital stay, every surgery avoided, every inoculation can help reduce health care costs and help ensure a better quality of life for friends and loved ones. We are making important progress in addressing the diseases that steal our time with loved ones and burden our health care system.

Press Releases

BIO Statement on Lawsuit Over 340B Rebates

November 12, 2024

BIO strongly supports a manufacturer’s ability to use a 340B rebate as an appropriate option to make 340B pricing available to covered entities."Manufacturers should have the choice to effectuate 340B pricing in the manner they deem most efficient and appropriate under the statute," said BIO's EVP…

Using March-In as a Price Control Mechanism Is a “Dangerous Precedent To Set”

December 7, 2023

The White House just announced plans to use Bayh-Dole “march-in rights” to step in and license patent rights of drugs “developed with federal funding” to other manufacturers when the price of the drug is deemed too high. BIO's Chief Advocacy Officer, Nick Shipley, made the following statement: …

ORPHAN Cures Act a "welcome and bipartisan fix" to the IRA's negative impact on drug development

September 18, 2023

Representatives John Joyce, M.D. (R-PA) and Wiley Nickel (D-NC) today introduced the Optimizing Research Progress Hope And New Cures (ORPHAN Cures Act). BIO President and CEO, Rachel King, made the following remarks: "This legislation is a welcome and bipartisan fix to the Inflation Reduction Act…

Why are seniors paying so much out of pocket for their medicines?

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International Reference Pricing

Policymakers in Washington D.C. have offered various drug pricing proposals that would replace the current free and fair market-based system for determining the value of prescription medicines with a system based on international reference pricing.

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