A 3621 New Jersey General Assembly · 2024-2025 Regular Session

Prohibits excessive increases in prices charged for essential off-patent and generic prescription drugs and biological products.

This bill prohibits manufacturers and distributors from excessively increasing prices for essential off-patent or generic prescription drugs and biological products without justification. It targets price hikes exceeding 50% within one year or exceeding $80 for a 30-day supply or full treatment, triggering an investigation by the Director of Consumer Affairs. Manufacturers must then justify the increase within 45 days by detailing production costs, cost changes, and public health efforts. Violations can result in court orders requiring price restoration, mandatory availability at prior prices, or civil penalties up to $10,000 per sale.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2024
Committee Review
Floor Vote
Governor
Introduced Feb 12, 2024 Last action Feb 12, 2024
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Feb 12, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Health Committee
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Carol Murphy
Carol Murphy
DDemocratic
NJ
7