Law360, New York (April 8, 2013, 8:32 PM EDT) -- Federal health officials on Friday postponed the compliance date for new guidelines prohibiting safety-net hospitals participating in the 340B drug discount program from buying outpatient drugs from a group purchasing organization, giving hospitals an extra four months, until August, to comply, after complaints that they didn't have enough time.
Under the 340B program, drug manufacturers are required to sell outpatient drugs at deep discounts to safety-net hospitals, such as those that care for a disproportionate share of poor patients.
The program has long prohibited certain hospitals...
Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.