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BIO to file lawsuit today to block Trump international drug pricing policy

WASHINGTON — The Biotechnology Innovation Organization will file a lawsuit today to block implementation of President Trump’s new policy to lower drug prices, the organization tells STAT.

The “most favored nations” policy, which was unveiled late last month, would peg what Medicare pays for 50 pricey injectable drugs to the lowest price paid in countries like Japan and Belgium. The change could cut reimbursement for some of the best-selling drugs in America, in half, or more.

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Nicholas Florko

Washington correspondent

Nicholas Florko is a Washington correspondent for STAT, reporting on the the intersection of politics and health policy. He is the author the newsletter “D.C. Diagnosis.”

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