Supreme Court rejects bid to halt IRA price negotiations
The US Supreme Court has declined to hear legal challenges from several major drugmakers seeking to block Medicare drug price negotiations under the Inflation Reduction Act (IRA), dealing another setback to the industry’s effort to overturn the Biden-era law.
The court on Monday denied petitions from British pharma AstraZeneca (LSE: AZN), US drugmaker Johnson & Johnson’s (NYSE: JNJ) Janssen unit, Bristol Myers Squibb (NYSE: BMY), Danish drugmaker Novo Nordisk (NOV: N), Germany’s Boehringer Ingelheim and Swiss pharma Novartis (NOVN: VX), according to an order list released by the justices.
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