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Supreme Court rules on fight between drugmakers in
Supreme Court rules on fight between drugmakers in “skinny label” patent case – CBS News Watch CBS News The Supreme Court issued a ruling backing a generic drugmaker accused of infringing Amarin Pharma patents for so-called “skinny labels.” CBS News’ Jan Crawford reports. Source link
Supreme Court rejects appeals from drugmakers over Medicare price negotiations
WASHINGTON — The Supreme Court on Monday rejected appeals from pharmaceutical companies that object to negotiating Medicare drug prices with the federal government. The justices did not comment in leaving in place rulings from the federal appeals court in Philadelphia that dismissed the drug manufacturers’ claims. The negotiation program was created as part of the 2022 Inflation Reduction Act,…
Drugmakers raised prices on hundreds of drugs despite Trump deals, Senate Democrats report finds
President Donald Trump has repeatedly said his deals with drugmakers would bring down prescription drug prices in the U.S. But a report released by Senate Democrats finds prices have continued to climb — in some cases, sharply. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The report — released Thursday by Sen. Bernie Sanders, I-Vt., the…
Big US pharma stocks rise as Street reacts to Trump's tariff on drugs
https://img.etimg.com/thumb/msid-124164767,width-1200,height-630,imgsize-23138,overlay-etmarkets/articleshow.jpg Shares of some big drugmakers advanced above broader indexes Friday as Wall Street started sorting out President Donald Trump’s latest tariff announcement. Shares of Merck, Lilly and J&J all rose less than 1% in midday trading Friday, slightly higher than the S&P 500 index. The…
January is a big time for drugmakers to hike prices. This year saw higher prices for 575 medications so far, including Ozempic, drugs for HIV, cancer and many others
Nearly all of the drug price increases are below 10% - most well below. The median price increase of the drugs being hiked Jan. 1 is 4.5%, which is in line with the median for all price increases last year; Pfizer is to raise prices on more than 60 drugs
Drugmakers set strategy for legal fight against US pricing regulation.
According to six industry sources, several of the largest Drugmakers in the world are creating the legal basis to oppose the American proposal to bargain prescription pricing for its Medicare health coverage, including the claim that a ban on speaking about these conversations violates constitutional rights.
Part of the Inflation Reduction Act (IRA), the major drug pricing reform of the Biden administration is to save Americans — who currently pay the highest prices in the world for prescription drugs — $25 billion by 2031 through price negotiations.
The law was passed last year, and the pharmaceutical industry claims it would cause a loss in income that will force them to scale back on creating ground-breaking new therapies. For more reads : News
