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-0.000171042504062225 0.000171042504062225 0.000342085008124451 0.000171042504062225 0.00136834003249805 0.00196698879671602 0.00196698879671602 0.00196698879671602
Stock impact report

AARP weighs in on Merck case challenging Medicare drug negotiation [Seeking Alpha]

Bristol-Myers Squibb Company (BMY) 
Last bristol-myers squibb company earnings: 2/6 07:05 am Check Earnings Report
US:NYSE Investor Relations: bms.com/investors.html
Company Research Source: Seeking Alpha
The organization is arguing that seniors would be harmed if the negotiations are struck down given the high cost of many drugs. In its brief , AARP noted that in 2022, ~9M Part D beneficiaries took at least one of those drugs and paid more than $3.4B in out-of-pocket cost just for the 10 drugs on the list. In addition, beneficiaries without financial help had average OOP costs as high as ~6.5K for these medications. In late August, CMS unveiled the first 10 drugs that would be subject to negotiated prices starting in 2026 Drugs on that list include: Eliquis, a blood thinner marketed by Bristol-Myers Squibb ( BMY ) and Pfizer ( PFE ); Jardiance, a diabetes therapy developed by Eli Lilly ( LLY ); and Imbruvica, a blood cancer therapy marketed by AbbVie ( ABBV ) and Johnson & Johnson ( JNJ ). Other targeted drugs include Merck's ( MRK ) diabetes med Januvia; AstraZeneca's ( AZN ) diabetes therapy Farxiga, Novartis' ( NVS ) cardiovascular drug Entresto, and JNJ's ( JNJ ) blood thin Show less Read more
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