Pharmacy
New CEO Martin VanTrieste will receive no pay and the startup will initially focus on 14 drugs.
The analysis, done for PhRMA, found that 320 hospitals marked up some medicine prices more than 1,000 percent.
It is the first study to examine financial conflict of interest in the publication of clinical trials that underpin FDA approval of new oncology drugs.
Majmudar's role within the company has yet to be announced, but he arrives from the Healthcare Transformation Lab.
The amendment would give funding to the Department of Health and Human Services to require drug pricing in direct-to-consumer advertising.
The pharma industry is skating to where they know the puck is going on drug price transformation, HHS Secretary Alex Azar says.
Eligible consumers will be able to use their over-the-counter allowance on medications and health-related items such as first- aid supplies, support braces, and pain relievers.
One of the main ways drug spending is mitigated is through market competition from biosimilar and generic drugs.
Competition drives drug prices and results in higher rebates, insurance organization says.
The conspiracy involving secret meetings resulted in higher prices for insurers, the government and consumers, the lawsuit claims.