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For Some Biotechs, IRA Remains Intangible – For Now

 
• By Jessica Merrill

Some biotech leaders say IRA policies don’t feel consequential yet, though small companies could face impacts from R&D and M&A decision making at big pharmas.

Biotech sector remains unsure about the impact of IRA policies • Source: Shutterstock

Some biotech companies could feel consequences of Medicare drug price negotiation policies under the Inflation Reduction Act (IRA) sooner than they might expect, as big pharmas adjust their R&D investment and business development strategies. Smaller companies could also face disadvantages compared to large, cash-rich companies when it comes to fronting the cost of a broad R&D program to study a drug in multiple indications at once, a strategy some companies might deploy to reap financial rewards faster in an environment marked by shorter commercial lifespans for drugs.

Nonetheless, biotech executives at the BIO CEO & Investor conference in New York Feb. 6-7 had a mixed view of...

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