Bristol Myers joins AstraZeneca in agreeing to drug price negotiation terms ahead of first deadline

Phar­ma com­pa­nies are now re­luc­tant­ly agree­ing to par­tic­i­pate in the Cen­ter for Medicare and Med­ic­aid Ser­vices’ first round of ne­go­ti­a­tions for 10 drugs.

Ahead of a key Oct. 1 dead­line, both Bris­tol My­ers Squibb and As­traZeneca have now said they will par­tic­i­pate in the ne­go­ti­a­tions with CMS, al­though near­ly all of the com­pa­nies on the ini­tial list have in­sist­ed the ne­go­ti­a­tions are more akin to price con­trols.

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