financetom
Business
financetom
/
Business
/
Johnson & Johnson Sues US Government Over Rebate Model in Drug Discount Program
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Johnson & Johnson Sues US Government Over Rebate Model in Drug Discount Program
Nov 13, 2024 11:04 AM

11:44 AM EST, 11/13/2024 (MT Newswires) -- Johnson & Johnson ( JNJ ) filed Tuesday a lawsuit seeking to stop the US Health Resources and Services Administration's attempts to block the company's rebate model under the federal 340B drug pricing program.

In its complaint filed at the US District Court for the District of Columbia, the company also sought to stop the Department of Health and Human Services or HHS, HRSA, and their respective heads from taking any enforcement action related to implementing the rebate model.

"Johnson & Johnson ( JNJ ) is taking action to bring much needed transparency essential to helping the 340B program achieve its original intent to support prescription drug access for vulnerable patients," a company spokesperson told MT Newswires Wednesday.

The HRSA declined to comment to MT Newswires, while the HHS didn't immediately respond to a request for comment

Price: 152.42, Change: -0.22, Percent Change: -0.14

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
T. Rowe Price says 2018 Tesla pay aligned with investor interests
T. Rowe Price says 2018 Tesla pay aligned with investor interests
Apr 18, 2024
April 18 (Reuters) - Mutual fund firm T. Rowe Price ( TROW ) said Elon Musk's record-breaking 2018 pay package from Tesla demonstrated strong alignment with the interests of investors at the electric carmaker. The comments from the 10th-largest Tesla investor mark important support after a Delaware judge in January voided the $56 billion package as being unfair to investors...
Alx Oncology Holdings Insider Sold Shares Worth $710,195, According to a Recent SEC Filing
Alx Oncology Holdings Insider Sold Shares Worth $710,195, According to a Recent SEC Filing
Apr 18, 2024
04:52 PM EDT, 04/18/2024 (MT Newswires) -- Jaume Pons, Director, President & Chief Scientific Officer, on April 16, 2024, sold 50,000 shares in Alx Oncology Holdings ( ALXO ) for $710,195. Following the Form 4 filing with the SEC, Pons has control over a total of 604,205 shares of the company, with 604,205 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1810182/000141588924011128/xslF345X03/form4-04182024_080417.xml ...
Medical device maker Intuitive beats estimates on strong demand for surgical robots
Medical device maker Intuitive beats estimates on strong demand for surgical robots
Apr 18, 2024
(Reuters) - Intuitive Surgical ( ISRG ) beat Wall Street estimates for first-quarter profit and revenue on Thursday, riding on higher demand for its robots used in minimally invasive procedures. Investor expectations around the performance of medical device makers have been heightened since last November, as people, especially older adults, opted for medical procedures deferred during the pandemic. Intuitive, which...
Reitmans (Canada) Breaks Even in its Fiscal Fourth Quarter
Reitmans (Canada) Breaks Even in its Fiscal Fourth Quarter
Apr 18, 2024
04:53 PM EDT, 04/18/2024 (MT Newswires) -- Reitmans (Canada) ( RTMNF ) on Thursday said it broke even it in its fiscal fourth-quarter, posting no profit despite higher revenue. The clothing retailer posted no profit or loss in the quarter ended Feb.3, down from a profit of C$27.5 million in the year-prior period. Revenue rose 3.8% to C$221 million from...
Copyright 2023-2026 - www.financetom.com All Rights Reserved