What Exactly Is A ‘Small Biotech’? US Medicare Agency Will Try To Spell It Out

CMS’s new price negotiation authority has an exemption for ‘small biotech’ companies. The agency’s implementation plan suggests that will be a tricky concept to define.

big and small execs
Who are you calling small? CMS will have to decide. • Source: Shutterstock

The US Medicare agency’s implementation plan for the recently enacted price negotiation authority suggests that applying the legislative exemption for “small biotech” companies may be a particularly complicated part of the process.

The Centers for Medicare & Medicaid Services released a timeline for providing guidance on key elements on the Inflation Reduction...

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