News and notes:
- The FTC released a staff letter to the Virginia legislature regarding a proposed bill to regulate “some aspects of the contractual relationships between PBMs and health benefit plans and pharmacies.” The letter states that “We believe that such restrictions, if enacted, will limit the ability of PBMs, HBPs, and pharmacies to enter into efficient, mutually advantageous contracts, and may increase prices for pharmaceuticals in Virginia. Ultimately, the restrictions may decrease the number of Virginia consumers with insurance coverage for pharmaceuticals, without producing offsetting benefits.”
- Congratulations to Paul Victor who joined Dewey Ballantine this week. Mr. Victor, who left Weil Gotshal & Manges after 38 years upon reaching its mandatory retirement age of 68, previously worked in the Department of Justice’s Antitrust Division [update: the New York Law Journal has a brief article about this].
- The WSJ Law Blog on the EC investigation into Intel.