A federal judge rules they were free to stop participating in Medicare
Blood thinners Eliquis and Xarelto were among the 10 drugs chosen last August for the first round of talks
US District Judge Zahid Quraishi in Trenton, New Jersey, became the fourth federal judge to uphold the programme, one of Democratic President Joe Biden's signature initiatives, against drug industry challenges, rejecting their argument that it was an illegal taking of their property. The drugmakers did not immediately respond to requests for comment, though Bristol Myers has already filed a notice in court that it was appealing the ruling. Drugmakers have argued that it is not feasible to withdraw from Medicare because it represents nearly half the US prescription drug market.
Eliquis brought Bristol Myers about $8.52 billion in US sales last year, while J&J recorded $2.36 billion in Xarelto sales.Quraishi's ruling comes two days before a conservative-leaning panel of the 5th US Circuit Court of Appeals hears an appeal by PhRMA, the leading US drug industry group, seeking to revive its lawsuit challenging the programme after it was dismissed in February.
Johnson & Johnson. J&J Blood Clot Prevention Drugs Medicare Health Insurance Programme Eliquis Xarelto Drug Prices Inflation Reduction Act Blood Thinners Biden Administration US Drug Industry
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