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Pharma Giants to Lower Drug Prices in US
Pharmaceutical giants like AbbVie, Bristol Myers Squibb, Gilead, and Merck are set to announce price reductions for prescription drugs in the U.S., following a government initiative to lower drug costs. This move comes after letters from the administration to major pharmaceutical companies, expecting most-favored-nation prices for Medicaid and preventing price hikes for new drugs. Five companies have already agreed, with more expected to follow, easing investor concerns.
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Published on 2 weeks ago