Ricks said the 'biggest problem' with the IRA provision stems from a difference in timeline for negotiating prices on two different types of drugs.
in the Biden administration's Inflation Reduction Act that will allow the Medicare program to negotiate prices on the costliest prescription drugs each year.
He's the latest pharmaceutical executive to publicly blast the provision and law at large, which will likely reduce company profits. Global drugmaker Merck last weekRicks said the "biggest problem" with the provision stems from a difference in timeline for negotiating prices on small-molecule drugs — meaning those drugs made out of chemicals and have low molecular weight — versus biologic medicines, or those derived from living sources like animals or humans.
Under the IRA provision, Medicare can start negotiating prices on small-molecule drugs as early as nine years after they receive Food and Drug Administration approval, compared with 13 years for biologics.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Vast utility for weight loss drugs will more than pay for themselves, says Eli Lilly CEO David RicksEli Lilly CEO David Ricks joins CNBC's Bertha Coombs and 'The Exchange' live from the World Medical Innovation Forum to discuss Eli Lilly's alzheimer's treatment, concerns over coverage reimbursement schemes, and upcoming drug price negotiations.
Lire la suite »
First He Made the Memes. Now He Has to Open a Restaurant.Eli Sussman wants Gertrude’s to rise above the jokes.
Lire la suite »
Eli Russell Linnetz to Bring His Storytelling Expertise to Pitti UomoEli Russell Linnetz spoke to WWD about his buzzy brand ERL, why he doesn't consider himself a fashion designer, what to expect at Pitti Uomo and more.
Lire la suite »
“I Would Love to Be at a Fashion House”—Eli Russell Linnetz on ERL’s First IRL Show and His Move From Venice to FlorenceTake an exclusive first look into Eli Russel Linnetz’s first IRL show at Pitti Uomo:
Lire la suite »
P.F. Chang's CEO reveals why he wakes at 4:30 a.m. daily to work outInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Lire la suite »
Binance CEO CZ responds as data points to billions in exchange outflowsCentralized exchange outflows increased last week, but not quite to the extent that some analytics platforms are reporting, suggests Binance CEO Changpeng Zhao.
Lire la suite »