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J&J, Bristol Myers Lose Challenges to U.S. Drug Price Negotiation Program
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Apr. 30, 2024
"A U.S. judge on Monday rejected a challenge by Bristol Myers Squibb and Johnson & Johnson to a law requiring them to negotiate the prices of their blockbuster blood clot prevention drugs with the ... Medicare health insurance program or pay heavy penalties. U.S. District Judge Zahid Quraishi in Trenton, New Jersey, became the fourth federal judge to uphold the program ... against drug industry challenges, rejecting their argument that it was an illegal taking of their property." [Bristol Myers Squibb Co. v. Becerra, and Janssen Pharmaceuticals, Inc. v. Becerra, Nos. 23-3335 and 23-3818 (D.N.J. Apr. 29, 2024)]

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