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On December 31, 2021, New York Governor Kathy Hochul signed landmark legislation to increase the transparency of prescriptiondrugpricing and to establish requirements on pharmacy middlemen. Failure to obtain a license by 2023 could result in a cease and desist order from DFS and financial penalties.
“We had a massive opioid problem that needed to be rectified,” said Antonio Ciaccia, president of 3 Axis Advisors , a consulting firm that analyzes prescriptiondrugpricing. “But the federal crackdowns and guidelines have created collateral damage: patients left high and dry.”
“We had a massive opioid problem that needed to be rectified,” said Antonio Ciaccia, president of 3 Axis Advisors , a consulting firm that analyzes prescriptiondrugpricing. “But the federal crackdowns and guidelines have created collateral damage: patients left high and dry.”
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