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China s drug-price negotiations offer glimpse into future for US companies | Michelle Fay Cortez & Jinshan Hong / Bloomberg

As drugmakers in the US steel for price negotiations ushered in by President Joe Biden’s Inflation Reduction Act, their experience in China, where such talks started almost a decade ago, could offer some insight into just how low costs may go. Beijing back in 2016 started to negotiate prices for…

China Drug-Price Negotiations Offers Glimpse Into Future for Companies in US

China Drug-Price Negotiations Offers Glimpse Into Future for Companies in US
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Drug Maker Junshi Seeks Swiss Cure For Cash Woes - BeiGene (NASDAQ:BGNE), Coherus BioSciences (NASDAQ:CHRS)

Key Takeaways: Junshi Biosciences reported dismal results in the first quarter, with operating income plunging nearly 60% and its net loss expanding by 37% Hopes of a big revenue boost from an oral Covid drug have been dashed, and the company may not recoup its investment in the short term By Molly Wen

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