Merck sues over new Medicare drug pricing powers

Merck filed a lawsuit against the Biden administration on Tuesday over Medicare’s ability to negotiate drug prices under the Inflation Reduction Act, calling the provision a “sham,” asking that it be declared unconstitutional and that any agreements reached by the program be blocked. When the Inflation Reduction Act passed last year, it included the Medicare … Read more

Merck to Acquire Prometheus Biosciences

Merck to Acquire Prometheus Biosciences

Moderna and Merck report progress on potential skin cancer vaccine

Moderna’s stock soared Tuesday after the COVID-19 vaccine maker detailed progress in developing a preventive shot for a deadly form of skin cancer. The company said a possible melanoma vaccine it is studying with pharmaceutical giant Merck fared well in a small study of patients who had the cancer surgically removed. The drugmakers said a combination … Read more

Amgen in Advanced Talks to Buy Horizon Therapeutics

Amgen Inc. AMGN -2.42% is in advanced talks to buy drug company Horizon Therapeutics HZNP 0.39% PLC, according to people familiar with the matter, in a takeover likely to be valued at well over $20 billion and mark the largest healthcare merger of the year. The U.S. biotechnology company was the last of three suitors … Read more