The decision is an early win for the Biden administration as it grapples with other legal challenges to the Inflation Reduction Act's Medicare price talks.
Federal judge tosses PhRMA lawsuit over Medicare price talks (NYSE:MRK) seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
An Austin judge granted the Biden administration s motion to dismiss a suit brought by pharmaceutical bodies against a program to reduce Medicare drug prices.
In an early legal test of the Medicare drug pricing negotiation program, a federal district judge tossed out a suit from the drug industry's lobbying organization PhRMA, the National Infusion Center Association, and the Global Colon Cancer Association.