'Drug Companies Spurned by Supreme Court on Price Negotiation Law' - Bloomberg News
Benzinga·05/18/2026 13:40:59
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The US Supreme Court turned away appeals from six pharmaceutical companies seeking to topple the Medicare drug price negotiation program that's led to billions of dollars in discounts on top-selling treatments.
Making no comment, the justices on Monday refused to hear a variety of constitutional arguments against a program created in 2022 by President Joe Biden's Inflation Reduction Act. The court rejected separate appeals from units of AstraZeneca Plc, Johnson & Johnson, Bristol Myers Squibb Co., Novartis AG, Novo Nordisk A/S and Boehringer Ingelheim Pharmaceuticals Inc.
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