PhRMA files suit against new Oregon prescription drug laws

PORTLAND, Ore. (AP) — A drug company trade group has filed a legal challenge to new Oregon laws designed to curb prescription prices.

Oregon Public Broadcasting reported Wednesday that the Pharmaceutical Research and Manufacturers of America filed suit in Eugene against two bills that passed the Oregon Legislature with bipartisan support.

The trade group is challenging House Bill 4005, requiring drug companies to “report annually information to Department of Consumer and Business Services regarding prices of prescription drugs and costs associated with developing and marketing prescription drugs.”

The group is also suing over House Bill 2658, which requires drug companies to notify the the department 60 days before substantial price increases on prescription drugs.