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US Pricing Reform Puts Cancer Drug Innovation At Risk, Drug Leaders Warn

 
• By Jessica Merrill

Merck & Co. CEO Rob Davis, Regeneron president George Yancopoulos, Pfizer R&D president Mikael Dolsten and others weighed in at the Galien Forum on the potential impact of the US Inflation Reduction Act on innovation.

Galien CEO Panel
Industry leaders discussed impacts of the IRA at the Galien Forum • Source: Galien

As the US Centers for Medicare and Medicaid Services begins building a drug price negotiation process for drugs reimbursed through Medicare, pharmaceutical industry leaders warned that the new program, implemented under the Inflation Reduction Act and intended to reduce drug prices, will have a chilling effect on the development of new drugs, and perhaps most notably cancer drugs.

Several prominent industry leaders reflected on the potential implications of the IRA during the Galien Forum in New York on 26 October, including Merck & Co., Inc. CEO Rob Davis, Regeneron Pharmaceuticals, Inc

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