Medicare's new authority to negotiate lower prescription drug prices represents a signature accomplishment of the Biden-Harris administration. Here's what to know as the first set of talks wraps up.
Medicare's new authority to negotiate lower prescription drug prices represents a signature accomplishment of the Biden-Harris administration. Here's what to know as the first set of talks wraps up.Medicare and drugmakers are in the midst of negotiations on price concessions for 10 popular and costly drugs ranging from blood thinners to diabetes treatments.
The negotiated drugs include Eliquis and Xarelto, which are both blood thinners used by millions of Medicare enrollees. This list also includes Jardiance and Farxiga for heart failure and diabetes, and Imbruvica for blood cancers.The government has said it won’t announce them to the public for another month, but drug companies might do it sooner.
. “However, as outlined at our enterprise business review last November, we do anticipate, as a business, growing 3% plus next year and then 5% to 7% out through 2030.” “In the long run, this policy is really not good for innovation, good for patients in the United States,” Novartis CEO Vasant Narasimhan told investors July 18.And if companies are managing, managing by shifting away from small molecule medicines.”won’t come to market over the next 30 years out of the 1,300 of them that are expected to come to market.
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