Why It Matters: The price offers kick off negotiations.
The initial round of price offers is a key step in the negotiation process.
The price negotiation program was created by the Inflation Reduction Act, the climate, tax and health care package that President Biden signed into law in 2022.
Additional medications will be chosen for price negotiations in the coming years.
A federal judge in Delaware heard arguments on Wednesday in a case brought by AstraZeneca, the maker of a diabetes drug that was selected for price negotiations.
Persons:
”, Andrew W, Mulcahy, Biden, Mr, drugmakers
Organizations:
Biden, RAND Corporation, Medicare, U.S . Chamber, Commerce, AstraZeneca
Locations:
Delaware