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Trump Budget Touts Lower Drug Prices, But No Medicare Negotiation

Xconomy

He vowed during last month’s State of the Union speech that drug prices “will come down.” ” Today, his administration’s fiscal 2019 budget proposal laid out what it calls a “comprehensive” strategy to lower drug prices. The first is drug importation—bringing in cheaper products from.

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Brain Corp.’s First Product is a Brain for Floor-Scrubbing Machines

Xconomy

Headed by the computational neuroscientist Eugene Izhikevich, the company maintained a low profile at Qualcomm’s San Diego headquarters until 2013, when Brain Corp. is rolling out its first commercial product—a “brain-enabled” commercial floor scrubber that is part mini-Zamboni and part Roomba. But now Brain Corp.

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Neurocrine Pays $165M to Bankroll Voyager’s Gene Therapy for Parkinson’s

Xconomy

So this morning the company cut a deal with Neurocrine Biosciences to bankroll the journey—and forfeit some of the financial upside for the product, known as VY-AADC. closing price on Monday. In return, San Diego-based Neurocrine will gain rights to Voyager’s. apiece—a roughly 50 percent premium to its $8.04

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Billie, Subscription Shaving Products Service for Women, Raises $25M

Xconomy

Billie, a monthly subscription service for shaving and body care products for women, has raised $25 million. Previous investors Silverton Partners, Female Founders Fund, and Lakehouse Ventures also participated in Billie’s new round, which the company says will be used for additional product development.

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Amgen Slashes Cholesterol Drug Price 60% to Match Rival Regeneron

Xconomy

Amgen is cutting the list price of its new cholesterol-lowering drug by nearly 60 percent, a move the company says is intended to make the product more affordable for more patients. The Tarrytown, NY firm recently offered significant price cuts to insurance companies that help boost access to its rival medicine alirocumab (Praluent).

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Drug Prices, Industry Ties Take Spotlight at HHS Nominee Azar Hearing

Xconomy

If Wednesday’s hearing for Health and Human Services Secretary Nominee Alex Azar is any indication, reining in drug prices and insurance premiums are the policy priorities that will guide Congress’s interaction with the department under a new leader. Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.

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Pharmaceutical Price Controls Might Be Closer Than You Think

Xconomy

Amid the hue and cry over the Mylan EpiPen pricing debacle , Hillary Clinton unveiled her “ Plan to Respond to Unjustified Price Hikes for Long-Available Drugs. ” Clinton’s plan calls for “dedicated oversight to protect consumers.” That dependence on price increases won’t change any time soon.

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