The Texas State Board of Pharmacy can now obtain pharmacy financial records, according to The Dallas Moring News.
Here are five highlights:
1. The legislation was enacted to supervise financial deals between physicians and pharmacies resulting in possible kickbacks.
2. Republican Sen. Charles Schwertner proposed the law because of compounding pharmacies connecting with physician investors to increase business.
3. The government is interested if compounding pharmacies are illegally compensating physicians for prescribing their products.
4. The law demands pharmacies turn over financial records if complaints are filed against the pharmacy.
5. Grey area will exist under the new law, as it is legal for physicians to invest in pharmacies in Texas if they let their patients know.