2016's drug pricing headwinds threaten a hurricane of new regulations
Those headwinds aimed at routine drug price increases in the US is now becoming a gale force political storm that is drawing down share prices across the biopharma industry.
Cardinal Health today joined the growing lineup of drug distributors – like McKesson – to warn that the slowing tempo of price hikes will likely ding its financial results for the year.
“Short-term headwinds, particularly around pharmaceuticals, are quite challenging,” said CEO George Barrett, forecasting rising branded prices of 7% to 9%, according to the Wall Street Journal.
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