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News & Advocacy

SB 265 Passes Nevada Senate

posted: May 31, 2017

SB 265, (Revises provisions relating to prescription drugs) has passed the Senate on May 19 and the Assembly on May 25. A major piece of pharmaceutical transparency legislation passed out of the Senate with bipartisan support Friday morning after weeks of behind-the-scenes discussions between lawmakers, pharmaceutical companies and others involved in the drug price-setting process.

The bill, sponsored by Democratic Sen. Yvanna Cancela, seeks to impose what could be the most robust mandates on pharmaceutical manufacturer transparency in the nation, requiring companies that manufacturer diabetes drugs disclose the list price of the drug, costs associated with manufacturing it and profits received, among other metrics.