A federal judge rules they were free to stop participating in Medicare
Blood thinners Eliquis and Xarelto were among the 10 drugs chosen last August for the first round of talks
US District Judge Zahid Quraishi in Trenton, New Jersey, became the fourth federal judge to uphold the programme, one of Democratic President Joe Biden's signature initiatives, against drug industry challenges, rejecting their argument that it was an illegal taking of their property. The drugmakers did not immediately respond to requests for comment, though Bristol Myers has already filed a notice in court that it was appealing the ruling. Drugmakers have argued that it is not feasible to withdraw from Medicare because it represents nearly half the US prescription drug market.
Eliquis brought Bristol Myers about $8.52 billion in US sales last year, while J&J recorded $2.36 billion in Xarelto sales.Quraishi's ruling comes two days before a conservative-leaning panel of the 5th US Circuit Court of Appeals hears an appeal by PhRMA, the leading US drug industry group, seeking to revive its lawsuit challenging the programme after it was dismissed in February.
Johnson & Johnson. J&J Blood Clot Prevention Drugs Medicare Health Insurance Programme Eliquis Xarelto Drug Prices Inflation Reduction Act Blood Thinners Biden Administration US Drug Industry
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
US accuses Regeneron of fraudulent price reporting for eye drugThe medication has a wholesale acquisition cost of $1,850 per vial.
Baca lebih lajut »
WHO likely to issue wider alert on contaminated J&J cough syrupWHO likely to issue wider alert on contaminated J&J cough syrup
Baca lebih lajut »
US health officials investigate alleged pesticide contamination in India spices mixThe US Food and Drug Administration is investigating products made by two Indian spice makers for allegedly containing a cancer-causing
Baca lebih lajut »
Ismat Zaidi says newcomers devoid of respect for seniorsShe shed light on persistent challenges within the industry
Baca lebih lajut »
Doctors run first human trial of growing new liver in patient's bodyThis groundbreaking approach offers solution to challenges posed by severe liver diseases
Baca lebih lajut »
UN report urges funding in development investment to rescue SDGs; Pakistan calls it timelyFinancing challenges are at the heart of the world’s sustainable development crisis
Baca lebih lajut »