Credit Card, Internet Companies Chime In on Drug Prices (Corrected)

June 27, 2018, 11:30 AM UTCUpdated: June 28, 2018, 2:35 PM UTC

Google, Facebook, PayPal, and MasterCard may become the next set of Fortune 500 companies to get involved in the national conversation surrounding rising health-care costs.

They attended the Food and Drug Administration’s opioid summit June 27, where they collaborated with the agency on best steps to curb illegal online opioid sales—a trend the agency is worried has grown significantly over the last several years.

Scott Gottlieb, head of the agency, said industry guidance for non-opioid pain treatments is in the works. The agency’s priority is now fighting the use of fentanyl, a strong pain killer that’s often a cheaper—and more ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.