Federal Judge Dismisses PhRMA’s Lawsuit Against Biden’s Drug Price-Setting Provisions
WASHINGTON (AP) – The US trade group Pharmaceutical Research and Manufacturers of America (PhRMA) faced a setback in its efforts to oppose drug price-setting provisions in the Biden administration’s Inflation Reduction Act (IRA). A federal judge in the District Court for the Western District of Texas has thrown out PhRMA’s lawsuit on Monday, dealing a blow to their attempts to halt the price-curbing measures. PhRMA has been vocal in its opposition to the IRA, asserting concerns over the impact of price-setting on the pharmaceutical industry. However, their legal challenge has been dismissed by the court, … Read more