(Reuters) -A federal judge on Monday dismissed a lawsuit by a major pharmaceutical industry trade association challenging a new program that allows Medicare to negotiate prices with drug companies for selected costly drugs. U.S. District Judge David Ezra in Austin, Texas, sided with President Joe Biden's administration in dismissing a lawsuit by the Pharmaceutical Research and Manufacturers of America (PhRMA) and two other groups that argued the program was unconstitutional. "We are disappointed with the court's decision, which does not address the merits of our lawsuit, and we are weighing our next legal steps," Nicole Longo, a PhRMA spokesperson, said in a statement.
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