J&J and Astellas pile on two more biopharma industry lawsuits over CMS drug price negotiations
Johnson & Johnson and Astellas are joining with their pharma heavyweight peers Bristol Myers Squibb, Merck, industry group PhRMA and the US Chamber of Commerce in challenging the Inflation Reduction Act’s new drug price negotiations, which Astellas is calling “price-setting” that will “discourage private-sector investment in the discovery and development of new medicines.”
Both companies went after the law’s violations of the First and Fifth Amendments to the Constitution, with J&J saying in its filing today in New Jersey district court that CMS’ “innovation-damaging scheme is unconstitutional.” Xarelto, Janssen’s treatment for blood clots and reducing the risk of stroke, will likely be among the first 10 drugs selected for negotiation come September, J&J said.
Unlock this article instantly by becoming a free subscriber.
You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.