Posted by Michael Wonder on 16 Mar 2023
Pfizer will have to pay rebates to Medicare for five drugs under Biden plan to lower Rx costs
16 March 2023 - Five of Pfizer’s drugs will cost less for Medicare recipients starting next month as part of President Joe Biden’s plan to lower prescription drug costs, the Department of Health and Human Services said.
Pfizer’s drugs include the blood thinner Fragmin, which was approved by the FDA in 1994. It also includes Atgam, a medicine used to treat symptoms of renal allograft and aplastic anaemia, and the chemotherapy injection Nipent. Pfizer’s antibacterial drugs Bicillin L-A, used for treating syphilis, and Bicillin C-R are also included. Both drugs are also used to treat upper respiratory infections.
