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Pharmaceutical Price Gouging: The Need For Direct Regulation On The Gray Market, Nicole Rende
Pharmaceutical Price Gouging: The Need For Direct Regulation On The Gray Market, Nicole Rende
Journal of Civil Rights and Economic Development
(Excerpt)
This Note proposes federal legislation that will ultimately shut down the Pharmaceuticals gray market. The federal government should directly regulate the gray market and the price gouging mechanisms used. Congress should pass the Fair Accountability and Innovative Research Drug Pricing Act of 2016, currently proposed. This Act will increase price transparency and provide a civil penalty for wrong doers. In addition to the passage of this Act, there needs to be a direct attack on the gray market by creating an act that does not allow companies to participate in these distributions and ultimately form monopolies. This act needs …