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In July 2022, the Canadian generic drug company, Apotex Inc., obtained approval for marketing of apixaban. [37] [38] Pfizer reported revenue of US$6.747 billion for Eliquis in 2023. [39] Apixaban is one of ten medications covered by price negotiations in the US under the Inflation Reduction Act.
Under legislation passed in 2022 called the Inflation Reduction Act, Medicare was allowed for the first time to negotiate prices with drug companies on a limited number of medications.
In 2022, the prescription drug that accounted for the biggest share of Medicare Part D spending was the blood thinner Eliquis. ... And once generic versions become available, prices will plummet. ...
Bristol Myers Squibb charges an annual list price of about $7,100 for Eliquis in the U.S., compared to around $900 in Canada and about $650 in France. J&J’s Stelara is $79,000 in the U.S., but ...
In the United States, it will not be available as a generic medication until 2024. [11] [12] It is on the World Health Organization's List of Essential Medicines. [13] In 2022, it was the 90th most commonly prescribed medication in the United States, with more than 7 million prescriptions. [14] [15]
The Build Back Better Act, which passed the House on September 27, 2021, was used by the Senate as the legislative vehicle for this legislation. On August 6, 2022 Senate Majority Leader Chuck Schumer proposed an amendment which would replace the text of the previously passed bill with the text of the Inflation Reduction Act of 2022.
The U.S. government on Tuesday released a list of 10 prescription medicines that will be subject to the first-ever price negotiations by the Medicare health program that covers Americans aged 65 ...
[23] also the according to market research community the Global Generic Drugs Market was evaluated US$465.96 million in 2021 and is expected to rise with a CAGR of 5.5% from 2022- 2028 during the forecast period. [24] In the United Kingdom, generic drug pricing is controlled by the government's reimbursement rate.