VC Daily : Venture Capitalists Push Back Against Drug-Pricing Bill

Good day. A bill in Congress aimed at lowering prescription-drug prices would derail biotechnology venture investment, venture capitalists said in a press conference Wednesday. The bill, H.R. 3, would enable Medicare to negotiate with drugmakers for certain expensive and commonly used drugs, and these prices couldn’t exceed 120% of the drug’s average price in a group of international countries, The Wall Street Journal has reported.

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2021-09-16 14:44:01