The pharmaceutical industry is facing challenges as regulators and government bodies worldwide are taking steps to curb anticompetitive practices and reduce drug costs. The FTC claims success in cracking down on the industry, while a key Senate committee proposes Medicare bonuses for hospitals preventing drug shortages. Big pharma companies like J&J, Merck, and BMS are preparing for revenue losses due to patent cliffs, with tens of billions of dollars in sales at risk. India's pharma industry seeks exemption from price control measures due to declining wholesale price index. European regulators are also highlighting their actions against anticompetitive practices. The U.S. government is set to propose discounts on high-cost medicines, impacting pharmaceutical companies.
⚠️ PHARMA INDUSTRY TO GET US GOVERNMENT PRICE CUT PROPOSALS BY THURSDAY (Reuters) Pharmaceutical companies are due to receive by Thursday the U.S. government's opening proposal for discounts it is seeking on 10 high-cost medicines, an important step in the Medicare health…
European regulators tout their accomplishments against pharma’s anticompetitive practices.. https://t.co/7UmGri1V1k #pharma #antitrust #anticompetitive #Europe #medicines #prices #patents
India’s pharma industry is seeking a one-time exemption from the price control measure that would force them to lower their rates in line with the drop in the wholesale price index (WPI).The WPI has been showing a declining trend. @nppa_india https://t.co/ngJwCZVPit
Big pharma companies like BMS, Merck and J&J face patent cliffs that will put tens of billions of dollars in sales at risk between now and 2030. Some of these companies appear to be well-prepared to offset the losses from upcoming patent expirations. https://t.co/W9C9RMhuKW
A key Senate committee is proposing that Medicare pay bonuses to hospitals that take measures to prevent drug shortages. https://t.co/xTtMpSBkLV
Big pharma is preparing to lose revenue from blockbuster drugs. #pharma https://t.co/3NFWObMJoB
Yea this is crazy as hell, big pharma is great at protecting themselves https://t.co/Nys6XqSXRb
Big pharma is at a crossroads, as J&J, Merck and others prepare to lose heaps of revenue from blockbuster drugs https://t.co/iCkOs0vARf
The FTC says it's on a winning streak in cracking down on the pharmaceutical industry. https://t.co/ynrWQ4QNPG