Mixed prospects for Merck lawsuit against US federal government

7 June 2023

On Tuesday, US pharma giant Merck & Co (NYSE: MRK) filed a lawsuit in the US District Courts against the federal government alleging that the drug pricing clauses of the Inflation Reduction Act (IRA) of 2022 violates the First and Fifth Amendments to the US Constitution. Merck’s shares closed down 2.7% at $110.01 following the announcement.

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