Mount Sinai Reports 340B Pharmacy Revenue Losses in Early 2024

New York City-based Mount Sinai Hospital reported significantly decreased 340B pharmacy revenue at the start of 2024.
A major New York City hospital reported that decreased 340B pharmacy revenue helped drive millions in year-over-year losses in one [...]

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New York Unlikely to Move 340B Contract Pharmacy, PBM Protections Bill in 2024, Sponsors Say

New York lawmakers are expected to leave Albany this week without passing legislation that would bar drug manufacturers' and pharmacy benefit managers' (PBMs) policies against covered entities and N.Y. pharmacies based on their 340B participation.
New York lawmakers are expected to leave Albany this week without passing legislation that would bar drug manufacturers and pharmacy [...]

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Sobi Becomes 34th Drugmaker to Implement Contract Pharmacy Restrictions, Exelixis Tightens Contract Pharmacy Policy

Exelixis wordmark building-mounted sign
California-based Exelixis, a specialty manufacturer with two high-priced drug products on the market, announced it is further restricting contract pharmacy access to 340B hospitals in a May 31 letter published on 340B ESP. 
Swedish biopharmaceutical company Sobi announced this week that beginning July 1 it will implement 340B contract pharmacy restrictions, making the [...]

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OPA to Hold June 11 Webinar on Final ADR Rule

HRSA headquarters
The Health Resources and Services Administration announced that the Office of Pharmacy Affairs will hold a June 11 webinar on the ADR final rule.
The federal office tasked with overseeing the 340B program will brief covered entities and manufacturers next week on the administrative [...]

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RWC-340B Slams ASAP 340B Bill as ‘Dangerous to Public Health’

Shannon Burger
Shannon Burger, president of RWC-340B,, said the organization “strongly opposes" a new 340B overhaul bill.
A major national 340B provider advocacy group is condemning the newly introduced 340B ACCESS Act, arguing that the proposed overhaul [...]

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ASAP 340B-Backed Bill Would Override State Laws, Could Hurt Contract Pharmacy Agreements, Critics Warn

U.S. Capitol building at sunrise
Five congressional Democrats signed on as co-sponsors to a bill that would bar drugmaker restrictions on 340B contract pharmacy arrangements.
Some long-time 340B advocates have warned that a new federal bill based on input from an alliance of the drug [...]

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Key House Oversight Subcommittee to Hold Hearing on 340B Next Tuesday

Energy and Commerce
Rep. Cathy McMorris Rogers (R-Washington) chair of the Energy & Commerce Committee, and Rep. Morgan Griffith (R-Virginia), chair of the Oversight and Investigations Subcommittee, announced a June 4 hearing on 340B.
A subcommittee of the House Energy and Commerce (E&C) Committee, which is tasked with overseeing the 340B drug discount program, [...]

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Rhode Island Senate Unanimously Passes Amended 340B Contract Pharmacy Protection Bill 

The U.S. House passed a bipartisan bill Tuesday evening to streamline Medicaid enrollment for pediatric providers that would also increase reporting requirements for certain 340B providers.
The Rhode Island Senate yesterday approved legislation that would prohibit 340B contract pharmacy restrictions in that state, sending it to [...]

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Ohio Community Health Center CEOs, Lawmakers Urge Passage of State Contract Pharmacy Protection Bill

The Statehouse in Columbus, Ohio.
Ohio federally qualified health center (FQHC) leaders called on state lawmakers Tuesday to pass newly introduced legislation that would end 340B contract pharmacy restrictions.
Ohio federally qualified health center (FQHC) leaders called on state lawmakers Tuesday to pass newly introduced legislation that would end [...]

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News Alert

ASAP 340B-Backed Bill Introduced in House

Capitol building
Key House Republicans on Tuesday introduced long-awaited—and contentious—legislation to overhaul the 340B program.
Key House Republicans on Tuesday introduced long-awaited—and contentious—legislation to overhaul the 340B program based on recommendations from a nonprofit group [...]

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