A top Democrat on the House antitrust panel sets sights on Big Pharma after wrapping up tech probe

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A top Democrat on House antitrust panel sets sights on Big Pharma after wrapping up tech probe

, a top Democrat on the House Judiciary subcommittee on antitrust has his sights set on a new industry: Big Pharma.

He made the request in a letter sent Monday to committee Chairman Jerrold Nadler, D-N.Y. and subcommittee Chairman David Cicilline, D-R.I., and shared exclusively with CNBC. From there, Neguse told CNBC, the committee could determine if a full investigation is warranted. Neguse wants the committee to examine the Federal Trade Commission's common approach of requiring pharmaceutical companies to divest assets before approving mergers. The two Democratic commissioners at the agency have harshly criticized its historic approach to these mergers and pushed for more thorough reviews.

Neguse wrote in his letter that these deals could have a harmful impact on consumer prices, which can sometimes be a sign of an antitrust violation.decreased drug prices for consumers. However, there is growing consensus that increases in drug prices can be attributed, in part, to mergers and consolidation in the industry," Neguse wrote, citing athat found that less competition was associated with higher generic drug prices.

 

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I democrats siete morti

Finished the tech probe? You mean find out tech is wildly out of control and then do nothing? TIME TO MOVE ON. LOL

Yep, they’re in the process of bailing out every other industry right now so now seems like a great opportunity to go after them!

🤣🤣🤣. Good one

Can we stop with all these investigations and start actually doing something for the country like working on infrastructure?

good luck

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