News Headlines Article

Battle Over California Drug Pricing Initiative Could Be One Of The Most Expensive

The pharmaceutical industry has already poured in more than $49 million to fight a November ballot initiative that aims to control the price of prescription drugs in California.

The measure, called the California Drug Price Relief Act, would prohibit any state agency from paying more than the federal Department of Veterans Affairs pays for prescription drugs.

The pharmaceutical industry calls the initiative flawed, and says it could have adverse consequences for the state.