Industry CEOs Talk Drug Pricing, Value And The IRA

Value-based pricing for drugs remains largely a pipe dream in the US, industry leaders say, even as drug pricing pressure mounts. 

drug pricing concept
US drug pricing is under pressure from new Medicare price negotiation program • Source: Shutterstock

With US drug pricing under pressure from a new Medicare price negotiation program being implemented under the Inflation Reduction Act (IRA), some of industry’s top leaders said they were doubtful the US would ever move toward true value-based pricing.

Pfizer Inc. CEO Albert Bourla, Eli Lilly and Company CEO David Ricks and Seagen Inc. CEO David...

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