"Federal Judge Dismisses Big Pharma Lawsuit Against Medicare Drug Price Negotiation"

A federal judge in Texas dismissed a lawsuit brought by pharmaceutical trade group PhRMA, arguing that forcing drug makers to negotiate Medicare drug prices is unconstitutional, ruling that the court lacks jurisdiction. The lawsuit is one of nine from the pharmaceutical industry challenging the price negotiations outlined in the Inflation Reduction Act of 2022. The judge's decision is a small win for the Biden administration, which is defending the negotiations on multiple fronts.