A part of Watch Media

MedWatchSaturday4 February 2023

  • Search
  • Log in
  • Pharma & biotech
  • Medtech
  • Hearing health
  • Regulation
  • Other
  • Search
  • Log in
  • Latest
  • Search
  • Log in
  • Pharma & biotech
  • Medtech
  • Hearing health
  • Regulation
  • Other
19/01/2023at 11:35

Pharma companies say new US drug price law leaves them in limbo

Is the pharma industry crying wolf when it says that President Joe Biden’s Inflation Reduction Act will hurt innovation? Though companies’ priorities are staying the same, strategies might change.
Photo: Leah Millis/Reuters/Ritzau Scanpix
By Ike Swetlitz and Angelica Peebles, bloomberg

Drugmakers say a new US law aimed at cutting prices on top-selling medicines after they’ve been on the market for several years has them stuck in limbo. 

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
!
!
Must contain at least 6 characters

Get full access for you and your coworkers

Start a free company trial today

Related articles:

  • Lars Fruergaard Jørgensen, CEO of Novo Nordisk | Photo: Stine Bidstrup/ERH

    US Inflation Reduction Act makes pharma market less attractive, says Novo CEO

    For subscribers

  • US President Joe Biden has taken up the fight against high drug prices in the US | Photo: Mandel Ngan/AFP/Ritzau Scanpix

    Novo Nordisk says US Inflation Reduction Act will hurt innovation

    For subscribers

  • Danish pharmacies have a monopoly on prescription drugs, says the country's competition council, urging that six initiatives be implemented to increase competition in the sector | Photo: Finn Frandsen

    Denmark proposes 6 initiatives to lower drug prices – met with skepticism by industry association

    For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

!
Newsletter terms

Front page now

Nu mangler kun en endelig vedtagelse i EU-Parlamentet, før lovforslag om at udskyde deadlines for nye krav til medicinsk udstyr. er en realitet. | Foto: Thomas Borberg/Ritzau Scanpix
Medtech

Another hurdle overcome in delaying MDR deadline

EU member countries have voted unanimously to adopt an EU Commission proposal to stagger the implementation of the new Medical Device Regulation. Now, only the EU Parliament’s vote remains. 
  • Asensus Surgical wins CE Mark for intelligent surgical unit under MDR rules
  • EU Commission to give more time for MDR transition

For subscribers

Foto: Stine Tidsvilde
Pharma & biotech

Novo Nordisk hopes to retain employees with share gift

For subscribers

Foto: MedWatch
Other

Top news from MedWatch this week

Luja can potentially solve a long-lived UTI problem for people who need help with bladder control issues by using new micro-hole technology
Medtech

Coloplast to set new treatment standard with Luja – but keeps sales goal under wraps

For subscribers

Foto: Coloplast/pr
Medtech

Coloplast launches male catheter featuring new technology

For subscribers

Foto: Coloplast / Pr
Medtech

Coloplast's bottom line disappoints in otherwise strong report

For subscribers

Further reading

Luja can potentially solve a long-lived UTI problem for people who need help with bladder control issues by using new micro-hole technology
Medtech

Coloplast to set new treatment standard with Luja – but keeps sales goal under wraps

A male catheter is the Danish medtech company’s biggest launch in half a decade – and CFO Anders Lonning-Skovgaard expects the 12-month rollout to be nothing but smooth sailing.

For subscribers

Foto: Novo Nordisk / Pr
Pharma & biotech

Obesity treatments catch drugmakers’ eyes as sales seen soaring

Novo Nordisk’s days of being alone to market an approved weight-loss drug are numbered as firms position themselves to split the market that’ll reach USD 30bn by 2030.

For subscribers

Foto: Stine Bidstrup/Ritzau Scanpix
Pharma & biotech

Europe pharma sector risks lagging the world, say drug chiefs

Chief executives of Novartis, GSK, and Novo Nordisk say healthcare must become an urgent priority in Europe, else the region risks falling behind the rest of the world.

For subscribers

Latest news

  • Top news from MedWatch this week – 3 Feb
  • Coloplast to set new treatment standard with Luja – but keeps sales goal under wraps – 3 Feb
  • China accepts regulatory filing for ALK allergy tablet – 3 Feb
  • Another hurdle overcome in delaying MDR deadline – 3 Feb
  • Dupixent becomes ninefold blockbuster – 3 Feb
  • ALK forecasts lower growth in 2023 than strong 2022 result – 3 Feb
  • Unilabs and Siemens Healthineers enter million-euro strategic partnership – 3 Feb
  • Coloplast launches male catheter featuring new technology – 3 Feb
  • Novo Nordisk hopes to retain employees with share gift – 3 Feb
  • Coloplast's bottom line disappoints in otherwise strong report – 3 Feb
See all

Jobs

  • Commercial Director

  • Lead Data Architect

  • Experienced Patent Counsel

  • Clinical Operational Associate

  • Medical Advisor (Metabolism)

  • Regulatory Affairs Professional

  • Application Manager

  • Senior Clinical Project Manager

  • Sr. Director, Drug Safety Physician

  • Application Manager

  • Senior Health Economics and Outcomes Research (HEOR) Manager

  • Specialist for the supply of pharmaceuticals to Danish hospitals

  • Supply Chain Manager

See all jobs

Jobs

  • Commercial Director

  • Lead Data Architect

  • Experienced Patent Counsel

  • Clinical Operational Associate

  • Medical Advisor (Metabolism)

  • Regulatory Affairs Professional

  • Application Manager

  • Senior Clinical Project Manager

  • Sr. Director, Drug Safety Physician

  • Application Manager

  • Senior Health Economics and Outcomes Research (HEOR) Manager

  • Specialist for the supply of pharmaceuticals to Danish hospitals

  • Supply Chain Manager

See all jobs

Colophon

MedWatch
Search

Sections

  • Pharma & biotech
  • Medtech
  • Hearing health
  • Regulation
  • Other
  • Sitemap
  • RSS feeds

Editor

Mikkel Aabenhus Hemmingsen

mah@medwatch.dk

Tel.: +45 3330 8387

Editor-in-chief

Anders Heering

Publisher

JP/Politiken Media Group Ltd

Advertising

annoncering@infowatch.dk

Tel.: +45 7077 7441

Advertising

Job Advertising

job@infowatch.dk

Tel.: +45 7077 7441

Jobs

Subscription

Try MedWatch or get an offer for a subscription meeting the exact needs of you or your company.

medwatch@infowatch.dk

Tel.: +45 7077 7441

Learn more about subscriptions here

Address

MedWatch

Rådhuspladsen 37

1785 Copenhagen K, Denmark

Tel.: +45 3330 8370

Guidelines

  • Privacy Policy

Copyright © MedWatch — All rights reserved

Microsoft is in the process of discontinuing Internet Explorer – and so are we.
For a better experience, we recommend using one of the following browsers.

Kind regards,
MedWatch

Google ChromeMozilla FirefoxMicrosoft Edge