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The Latest in Regulatory and Reimbursement
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The FDA launched a new CDER Center of Excellence and OCE Equity Program. The agency also released a final guidance on device remanufacturing and jointly issued an updated biotechnology regulatory plan alongside the EPA and USDA. CMS published its draft guidance for the next round of Medicare Drug Price “Negotiations” and the agency announced that a proposed “stacking” provision under the Medicaid Drug Rebate Program will not be finalized.
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CDER Launches New Center of Excellence
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FDA’s CDER recently established the Quantitative Medicine (QM) Center of Excellence to lead QM-related policy development and best practices to facilitate the consistent use of QM approaches during drug development and regulatory assessment.
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Final Device Remanufacturing Guidance Released
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The FDA released its final guidance on the Remanufacturing of Medical Devices, distinguishing between remanufacturing and servicing. The agency is hosting a webinar on June 27 for those interested in learning more about the guidance.
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New Oncology Center of Excellence Equity Program
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FDA’s Oncology Center of Excellence recently launched its Equity Program aimed at increasing the representation of racial and ethnic minorities, rural populations, sexual and gender minorities and individuals with healthcare barriers in trials.
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FDA, EPA, USDA Issue Biotech Regulatory Plan
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Last month, the FDA, EPA and USDA issued a regulatory plan updating the Coordinated Framework and clarifying their oversight of biotechnology products, including modified plants, animals, microorganisms and drugs, biologics and devices.
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Proposed “Stacking” Provision Will Not Be Finalized
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Draft Guidance for Next Round of Drug Price “Negotiations”
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CMS released its draft guidance for price applicability year 2027 that details new and updated policies for the second cycle of “negotiations” for the Medicare Drug Price Negotiation Program. The next 15 Part D drugs will be selected by February 1, 2025.
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Request for Comments
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Biocom California welcomes feedback from members on the following draft guidance document. Click here to submit comments via email.
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► Medicare Drug Price Negotiation Program IPAY 2027: Draft Guidance
CMS issued this draft guidance for implementation of the Negotiation Program for initial price applicability year (IPAY) 2027 and for manufacturer effectuation of the Maximum Fair Price in 2026 and 2027. CMS is seeking public comment on the following topics and more in this draft guidance:
- Types of documentation and information that may constitute “clear and convincing evidence” that a biosimilar manufacturer has made progress towards licensure and marketing
- The format, scope and logistics of patient-focused events
- Whether three negotiation meetings are necessary and whether an additional written offer would be preferable in lieu of one or more meetings
- The claims-level data elements and options for structuring the Medicare Transaction Facilitator payment functionality
This guidance may be of interest to developers of drug and biological products.
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Upcoming Regulatory and Reimbursement Events:
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Recent News from Biocom California
Tim Scott has been named the new president and CEO of Biocom California, effective January 1, 2025. Scott will succeed Joe Panetta, Biocom California’s current president and CEO, who has led the organization for 25 years. Scott will join Biocom California from AustinPx, a contract development and manufacturing organization, where he has served as CEO since 2022.
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Biocom California
For over 29 years, Biocom California has helped move the life science industry forward with transformative resources that enable companies to make meaningful connections. With a membership base of over {{{dynamic_content_1600}}} companies, we connect our members to each other so they can collaborate and work stronger and smarter together. We connect organizations to capital investment and purchasing solutions so they can grow faster and work more efficiently. We’re their link to advocacy that fights for innovation and we provide an environment where their business and talent can thrive. Biocom California is how the life science industry gets connected.
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