HB 3086
AN ACT relating to requirements for pharmaceutical drug manufacturers to
89th Regular Session
Jan 14, 2025 - Jun 2, 2025 • Session ended
Awaiting Committee Assignment
Bill filed, pending referral to House committee
Committee
Not yet assigned
Fiscal Note
Not available
What This Bill Does
Pharmaceutical drug manufacturers in Texas must submit an annual report detailing prescription drug costs, including wholesale acquisition cost information for FDA-approved drugs that have experienced significant price increases (40% over three years or 15% in one year). The report must provide specific details such as drug type, reasons for cost increases, research and development expenses, newly approved drugs, and drugs that have lost patent exclusivity. The Texas Department of State Health Services will publish this cost increase information within 60 days of receiving the report, increasing transparency around prescription drug pricing.
Subject Areas
Bill Text
relating to requirements for pharmaceutical drug manufacturers to report prescription drug costs. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 441.0051, Health and Safety Code, is Sec. 441.0051. ANNUAL REPORT. (a) Not later than the 15th day of each calendar year, a pharmaceutical drug manufacturer shall submit a report to the department stating the current wholesale acquisition cost information for the United States Food and Drug Administration-approved prescription drugs sold in or into this (b) For a prescription drug with a wholesale acquisition cost increase of 40 percent or more over the drug's wholesale acquisition cost in the preceding three calendar years or 15 percent or more in the preceding calendar year, a pharmaceutical drug manufacturer shall include in the annual report required under (1) information on whether the prescription drug is a brand name drug or generic version of a brand name drug; (2) a statement on each factor that caused the increase in the wholesale acquisition cost and an explanation of the impact of each factor on the cost; (3) aggregate, research, and development costs as filed with United States Securities and Exchange Commission on Form 10-K for the most recent calendar year for which final audit data is (4) the name of each of the manufacturer's prescription drugs the United States Food and Drug Administration approved in the previous three calendar years; and (5) the name of each of the manufacturer's prescription drugs that lost patent exclusivity in the United States in the previous three calendar years. (c) The information a pharmaceutical drug manufacturer submits to the department under Subsections (a) and (b) must be consistent with the information the manufacturer includes in the manufacturer's annual consolidated report filed with the United States Securities and Exchange Commission on Form 10-K or any other SECTION 2. Section 441.0054, Health and Safety Code, is Sec. 441.0054. PUBLICATION OF COST INCREASE INFORMATION. Not later than the 60th day after receipt of the report submitted under Section 441.0051 [or 441.0053(a)], the department shall publish the required cost increase information [required by Section 441.0053] on the department's prescription drug price information SECTION 3. Section 441.0102(a), Health and Safety Code, is (a) The department shall [may] assess an administrative penalty against a person who violates this chapter or a rule adopted SECTION 4. Section 441.0053, Health and Safety Code, is SECTION 5. As soon as practicable after the effective date of this Act, the executive commissioner of the Health and Human Services Commission shall adopt rules necessary to implement the changes in law made by this Act. SECTION 6. This Act takes effect September 1, 2025.
Bill History
Bill filed: AN ACT relating to requirements for pharmaceutical drug manufacturers to
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