Prohibits pharmacy benefits managers from operating pharmacy practice sites directly or indirectly.

Summary

The bill prevents pharmacy benefits managers (PBMs) from acquiring any direct or indirect interest in a pharmacy permit under the New Jersey Pharmacy Practice Act. It requires the State Board of Pharmacy to deny, revoke, or refuse renewal of permits that violate this rule, with limited exceptions for rare or orphan drugs. The goal is to reduce conflicts of interest and keep drug prices competitive for patients.

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