financetom
Business
financetom
/
Business
/
Ardelyx, Groups File Lawsuit Over Dialysis Payment System Coverage
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Ardelyx, Groups File Lawsuit Over Dialysis Payment System Coverage
Jul 18, 2024 9:45 AM

12:19 PM EDT, 07/18/2024 (MT Newswires) -- Ardelyx ( ARDX ) said Thursday that it partnered with two groups in filing a lawsuit seeking to stop the Centers for Medicare and Medicaid Services from pursuing a plan to include Xphozah and other oral-only phosphate lowering therapies in the End-Stage Renal Disease Prospective Payment System beginning Jan. 1, 2025.

Xphozah and other PLTs are currently available to patients under outpatient pharmacy benefit plans such as Medicare Part D, according to Ardelyx ( ARDX ). These "are not administered by dialysis providers and cannot be taken during the delivery of maintenance dialysis," the company added.

The lawsuit, filed against CMS and the US Department of Health and Human Services, claims that the CMS plan to include Xphozah in the bundled payment system is inconsistent with the Medicare Improvements for Patients and Providers Act and will limit patient choice and access to important drugs, Ardelyx ( ARDX ) said.

Ardelyx ( ARDX ) said it partnered with the American Association of Kidney Patients and the National Minority Quality Forum in filing the lawsuit.

Neither CMS nor HHS immediately responded to MT Newswires' requests for comment.

Ardelyx ( ARDX ) shares were down 3.8% in recent trading.

Price: 5.53, Change: -0.22, Percent Change: -3.83

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 >
12 amazing facts about gold you probably didn't know
12 amazing facts about gold you probably didn't know
Jul 24, 2021
Gold has remained one of the most prolific metals that humans use every day. It has been used for coinage, jewellery and other arts throughout human civilisation. The yellow metal at one point was the basis of our modern cash system. But there is more to gold than just glitter. Here are 12 surprising facts about the precious metal that you probably didn’t know about. 
Amazon may soon allow digital currency as payment mode
Amazon may soon allow digital currency as payment mode
Jul 25, 2021
Amazon may allow users to pay in cryptocurrencies like Bitcoin soon as the e-commerce giant is hiring a digital currency and blockchain product lead for its payments team. According to the latest job listing, Amazon's Payments Acceptance & Experience team is "seeking an experienced product leader to develop Amazon's Digital Currency and Blockchain strategy and product roadmap".
Job seeker lists ‘googling’ as skill on CV, gets an interview
Job seeker lists ‘googling’ as skill on CV, gets an interview
Jul 27, 2021
An interviewer recently tweeted that she has received a CV in which the applicant has listed 'googling' as one of his skills. The person has been called for an interview, she added.
Amazon denies report of accepting bitcoin as payment
Amazon denies report of accepting bitcoin as payment
Jul 26, 2021
Amazon.com Inc on Monday denied a media report saying the e-commerce giant was looking to accept bitcoin payments by the end of the year. The report from London's City A.M. newspaper, citing an unnamed "insider", sent the world's biggest cryptocurrency up as much as 14.5 percent before it trimmed gains to last trade 6 percent higher at USD 37,684.04.
Copyright 2023-2026 - www.financetom.com All Rights Reserved