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FDA head Gottlieb criticizes industry for "Kabuki drug-pricing"

Wed, 07th Mar 2018 15:23

WASHINGTON, March 7 (Reuters) - U.S. Food and DrugAdministrator Scott Gottlieb on Wednesday criticized drugmakers,pharmacy benefit managers and health insurers for "Kabukidrug-pricing constructs" that he said expose consumers to highout-of-pocket costs and discourage competition.

Gottlieb delivered the remarks at an annual conference ofhealth insurers in a speech largely aimed at promotingbiosimilars, rival treatments that are as effective as theoriginal but cheaper. But he criticized much of the healthindustry for failing to promote access to innovative treatmentssuch as biosimilars and for pricing practices that harmconsumers.

Kabuki is a form of Japanese theater known for itsdramatization and elaborate make-up of its performers.(Reporting by Yasmeen AbutalebEditing by Chizu Nomiyama)

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