Mississippi Judge Upholds State Law Mandating Drug Discounts for Low-Income Patients
Portfolio Pulse from Vandana Singh
A federal judge in Mississippi upheld a state law requiring drugmakers to provide discounts on medications dispensed by third-party pharmacies contracting with hospitals and clinics serving low-income populations. The ruling denied preliminary injunctions filed by PhRMA and Novartis AG (NYSE:NVS), who argued the law conflicted with federal regulations. Novartis plans to appeal the decision.
July 02, 2024 | 5:48 pm
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A federal judge in Mississippi upheld a state law requiring Novartis to provide drug discounts to low-income patients, denying the company's request for a preliminary injunction. Novartis plans to appeal the decision.
The ruling directly impacts Novartis by upholding a state law that mandates drug discounts, which could affect the company's revenue and operational strategies. The company's plan to appeal indicates ongoing legal costs and uncertainty.
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