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Belite Bio : Receives Approval to Initiate Tinlarebant Phase 3 Clinical Trial for GA in China -December 27, 2023 at 08:07 am EST

Biden s new medicine rules have pharmaceutical companies slow-walking new therapies

Robert Schmad Daily Caller News Foundation Pharmaceutical companies are delaying, or outright canceling, the development of new medicines following new drug rules signed into law by President Joe Biden, Bloomberg reported. The Inflation Reduction Act (IRA), which passed along partisan lines in Congress August 2022, introduced provisions that allow Medicare to negotiate prices for new…

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