Patient advocacy groups urge U.S. court to halt overseas prescription drug operations [CNBC]
Gilead Sciences, Inc. (GILD)
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Source: CNBC
The filing was submitted in a lawsuit brought by Gilead Sciences, which alleges these third-party vendors shipped Gilead HIV drugs from Turkey through an unsafe supply chain. In a photo illustration, prescription drugs are seen next to a pill bottle on July 23, 2024 in New York City. Spencer Platt | Getty Images News | Getty Images A coalition of patient advocacy groups is urging a federal court to halt the practices of third-party companies that buy drugs from countries outside the FDA-regulated U.S. supply chain, which the groups argue put U.S. patients' health at risk. The court filing comes in the wake of a CNBC investigation that documented how these third-parties – commonly referred to as alternative funding programs, or AFPs – have spread across employer-sponsored health plans nationwide. Under the growing business model, AFPs source high-cost specialty drugs from abroad at lower prices and charge employers a fee or a percentage of the savings. The AFPs then provide th
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