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WASHINGTON — The Biden administration is making its opening offers to pharmaceuticalcompanies in its brand-new Medicare drugprice negotiation program on Thursday, administration officials said. The Biden administration will publish the final prices by Sept. And that’s about all they said.
German drugmaker Boehringer Ingelheim is the latest pharmaceuticalcompany to sue the federal government over a law that would allow Medicare to negotiate certain drugprices, Reuters reports. Continue to STAT+ to read the full story…
In 1983, the US Congress passed the Orphan Drug Act to encourage more pharmaceuticalcompanies to engage in R&D to develop treatments for rare diseases through the offering of financial incentives. Evaluate Pharma’s recent Orphan Drug Report subtitled its overview of the market ‘Niche no longer.’
— Pharma industry giants including Bristol Myers Squibb, Johnson and Johnson, Novartis, and Novo Nordisk deployed a half-dozen lawyers to a courtroom here Thursday in a bid to dismantle Medicare’s new drugprice negotiation program, just hours before President Biden is set to glorify it in his State of the Union.
… The Biden administration is making its opening offers to pharmaceuticalcompanies in its brand-new Medicare drugprice negotiation program on Thursday, but declined to disclose any details , STAT tells us. Companies have until March 2 to either accept the government’s offer or propose a counteroffer.
This could evolve into pharmaceuticalcompanies dealing with semi-permanent higher input costs and other interlinked challenges for longer than current baseline predictions. The magnitude of the hindrance to sales growth and profitability will impact companies from multiple different angles.
This could evolve into pharmaceuticalcompanies dealing with semi-permanent higher input costs and other interlinked challenges for longer than current baseline predictions. The magnitude of the hindrance to sales growth and profitability will impact companies from multiple different angles.
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