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Stock impact report

Trump administration strikes deal with AbbVie to cut costs of certain drugs [CNN]

Johnson & Johnson (JNJ) 
Last johnson & johnson earnings: 4/14 06:31 am Check Earnings Report
US:NYSE Investor Relations: jnj.com
Company Research Source: CNN
The deal comes days after the administration inked a deal with Johnson & Johnson, which was announced by the drugmaker without the White House fanfare that accompanied the agreements unveiled with more than a dozen manufacturers last year. Under the agreement, AbbVie said Monday it will offer a series of drugs to Medicaid as well as directly to consumers at “Most Favored Nation” levels, or the lowest price available in peer countries. It will sell some other medications at a deep discount compared to their list prices. The drugs subject to “Most Favored Nation” pricing include glaucoma treatment Combigan and thyroid hormone medicine Synthroid. AbbVie is separately expected to reduce the price of its popular rheumatoid arthritis drug Humira, as well as another glaucoma medicine, Alphagan. AbbVie declined to disclose the specifics of the discounts it plans to offer for the drugs. Meanwhile, Johnson & Johnson said Thursday that it, too, would sell medicines directly to patients Show less Read more
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