Thursday, June 7, 2022: Life Sciences

Senate Democrats narrowly reached a deal on drug pricing reforms, which includes granting Medicare the power to negotiate prices for certain drugs. According to text released Wednesday, the U.S. Department of Health and Human Services (HHS) will choose 10 drugs...

Thursday, June 7, 2022: Life Sciences

The Food and Drug Administration (FDA) said state-licensed pharmacists can prescribe Pfizer Inc.’s COVID-19 antiviral pill Paxlovid to eligible patients. Pharmacists will be subject to some parameters around prescribing, and the FDA said people who test positive...

Thursday, June 7, 2022: Life Sciences

The FDA announced it will develop a new framework to help overseas baby formula manufacturers market their products in the U.S. after the formula shortage eases. The FDA would offer technical assistance to companies seeking to enter the U.S. market and issue...

Thursday, June 7, 2022: Payers

Senate Democrats will propose raising taxes on some high-income Americans to delay a shortfall in the Medicare trust fund. The fund is currently projected to start running out of money in 2028. The proposal would raise an estimated $203 billion over a decade and delay...