(SD)-Drug Pricing Initiative Anti-Group Got 97% Of Its Funds From 2 Drug Companies
PIERRE, S.D. (AP) - Two pharmaceutical companies have contributed the bulk of the money to oppose a South Dakota ballot measure capping the amount state agencies could pay for prescription drugs.
Campaign filings by South Dakotans Against the Deceptive Rx Ballot Issue showed the group ended 2017 with about $270,000 in the bank after raising roughly $314,000 in cash plus donated goods and services.
97% of the total donations came from Bristol-Myers Squibb...which gave $100,000...and Novo Nordisk...which contributed $205,000.
The initiative placed on the ballot by petition prohibits South Dakota from paying more for prescription drugs than is paid for the same drugs by the VA.
Industry groups challenged Attorney General Marty Jackley's official explanation of the measure, but lost on the circuit level and has appealed the ruling to the state Supreme Court after a judge rejected their challenge to the attorney general's explanation of the measure.
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