CEOs Of Merck, J&J, Bristol Myers Squibb Hit PBMs, Don’t Commit To Lowering Drug Prices

By Maaisha Osman / February 9, 2024 at 10:56 AM
The CEOs of three major pharmaceutical companies blamed pharmacy benefit managers for the high out-of-pockets faced by patients and refused Senate health committee Chair Bernie Sanders’ (I-VT) request that they commit to reducing the list price of certain drugs that cost three times more in the United States than in other developed nations during Thursday’s hearing on high drug costs. The high-profile hearing, which was panned by GOP lawmakers and the pharmaceutical industry as social media clickbait, came after a...

Not a subscriber? Sign up for 30 days free access to exclusive, detailed reporting on drug pricing reforms, Medicaid policy, FDA news and much more.