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Clinton to Propose Curbs on ‘Unjustified’ Drug Price Hikes

Democratic presidential candidate Hillary Clinton, acting on her pledge to curb what she has called outrageous drug costs, outlined a set of proposals to crack down on “unjustified” increases on prices for older treatments.

The plan adds to a year of attacks against pharmaceutical firms that have hiked the prices of life-saving treatments, including the outcry over Mylan NV’s EpiPen emergency allergy shot. The measures, released Friday on the candidate’s website, would give the U.S. government a broader role in determining the correct price for some drugs, a task that’s typically been off limits for federal regulators.

Mylan is the latest in a string of pharmaceutical companies drawing scrutiny over steep price increases, with drug executive Martin Shkreli and representatives from Valeant Pharmaceuticals International Inc. called before Congress this year. Responding to outrage on raised prices for the EpiPen, Mylan announced that it would introduce a generic version for $300, while also continuing to sell the branded product.

“It’s wrong when drug companies put profits ahead of patients, with unjustified price increases, not for new innovations, but for long-available and generic treatments,” Clinton’s campaign said in a statement on her website. “We need rules...