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Biopharma Predicts ‘Significant’ R&D Reductions With Medicare IPI Model

 
• By Cathy Kelly

Manufacturers refute Administration claims that Medicare International Pricing Index model will have minimal impact on industry innovation.

PCR strip test tubes and micropipette in genetics laboratory. Toned photo

Most big prescription drug manufacturers anticipate the proposed Medicare International Pricing Index (IPI) model for lowering Part B drug prices would have a substantial, negative effect on research and development in the industry, according to the Pharmaceutical Research and Manufacturers of America.

Seventy-seven percent of PhRMA members responding to a recent internal survey said that if the IPI were to go into effect, “it would affect their ability to pursue current or future research and development projects,” the trade

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