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NEWS: Sanders Statement on Biden Administration Refusing to Lower Price of Vital Cancer Drug [1]

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Date: 2023-03

WASHINGTON, March 21 – Sen. Bernie Sanders (I-Vt.), chairman of the Senate Health, Education, Labor, and Pensions Committee, on Tuesday issued the following statement after the administration rejected a march-in rights petition to lower the price of a vital cancer drug:

“I am extremely disappointed that the Biden Administration denied a petition by prostate cancer patients to substantially reduce the price of Xtandi. This is a drug that was invented with taxpayer dollars by scientists at UCLA and can be purchased in Canada for one-fifth the U.S. price. The Japanese drugmaker Astellas, which made $1 billion in profits in 2021, has raised the price of this drug by more than 75 percent to over $166,000 per year. How many prostate cancer patients will die because they cannot afford this unacceptable price? As the chairman of the Senate’s Health, Education, Labor, and Pensions Committee, I will do everything I can to take on the greed of the pharmaceutical industry and make sure that drugs that are developed with U.S. taxpayer money are sold here at a reasonable price.”

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[1] Url: https://www.sanders.senate.gov/press-releases/news-sanders-statement-on-biden-administration-refusing-to-lower-price-of-vital-cancer-drug/

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