Yesterday, the Federal Trade Commission (FTC) announced an open meeting to be held Thursday, July 20, at 11AM EST. The following item was listed among the FTC’s business for the July 20 meeting:

“Statement Withdrawing Prior PBM Advocacy: The Commission will vote to issue a statement cautioning against reliance on prior advocacy statements and studies related to pharmacy benefit managers (PBMs) that no longer reflect current market realities. The statement is a response to PBMs’ continued reliance on older FTC advocacy materials that opposed mandatory PBM transparency and disclosure requirements, and it warns against reliance on the Commission’s prior conclusions given its ongoing examination of the PBM industry to update its understanding.”