Governor Proposes State Create Generic Drug Label

Gov. Gavin Newsom on Thursday announced a plan to leverage California’s market position to lower prescription drug prices in the Golden State. “I’m proposing that California become the first state in the nation to establish its own generic drug label,” the governor wrote. “It’s time to take the power out of the hands of greedy pharmaceutical companies.” While consumer advocates applauded Newsom’s idea, makers of generic drugs questioned how much a private state label would save, according to a report on Calmatters.org. The Association of ...