Ardelyx Files Lawsuit Over Medicare Drug Payment Rules, Claims It Will Limit Patient Access To Kidney Disease Treatment
Portfolio Pulse from Vandana Singh
Ardelyx Inc (NASDAQ: ARDX) has filed a lawsuit against the U.S. Department of Health and Human Services and the Centers for Medicare and Medicaid Services over the inclusion of its kidney disease treatment drug, Xphozah, in the Medicare payment bundle system. The company argues that this decision will limit patient access to crucial medications. The lawsuit highlights broader concerns within the pharmaceutical industry regarding regulatory decisions impacting drug accessibility and patient care standards.
July 18, 2024 | 6:51 pm
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Ardelyx Inc has filed a lawsuit against HHS and CMS over the inclusion of its kidney disease treatment drug, Xphozah, in the Medicare payment bundle system. The company claims this will limit patient access to crucial medications.
The lawsuit against HHS and CMS could create uncertainty around the future accessibility and reimbursement of Xphozah, potentially impacting Ardelyx's revenue and stock price negatively in the short term.
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