AstraZeneca, Bristol Myers Squibb and other drugmakers have filed at least eight lawsuits seeking to declare the Medicare price talks unconstitutional.
AstraZeneca's Type 2 diabetes drug Farxiga, Boehringer Ingelheim's own diabetes drug Jardiance and Bristol Myers Squibb's blood thinner Eliquis are among thefor price talks with Medicare. The three companies appear to be the first manufacturers to indicate that they will comply with the negotiations, which seek to rein in the rising costs of prescription drugs for older Americans.
"We remain committed to ensuring patients have access to FARXIGA and plan to participate in the process outlined by CMS to communicate the value of FARXIGA to people covered by Medicare," AstraZeneca said in a statement to CNBC. A spokesperson for Bristol Myers Squibb said the company has "no choice other than to sign the 'agreement.'"
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