SB 899 (see companion bill HB 5691) – Michigan

Status: Inactive / Dead
Year Introduced: 2018
Link: http://www.legislature.mi.gov/(S(bypwbknzxbkxawliew4v5fnw))/mileg.aspx?page=getobject&objectname=2018-SB-0899&query=on

INCREASE OF WHOLESALE ACQUISITION COST OF PRESCRIPTION DRUG: Beginning October 1, 2018, a manufacturer of a prescription drug that has a wholesale acquisition cost that is more than $40.00 for a course of treatment and that is made available in this state shall, within 60 days of the effective date of the increased cost, notify a qualified purchaser if the manufacturer is increasing the wholesale acquisition cost of the prescription drug by 12% or more during any 24-month period.

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