A 2024 RAND study found that US drug prices are 278% higher than in 33 other developed countries in the OECD.
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BMO analysts said in a note Monday they were “encouraged” that Genmab’s acquisition “could start to spur broader M&A in the sector.”
China’s pharmaceutical sector, a minor player just years ago, has revved up into a global juggernaut faster than a Fuxing high speed train.
The tariff threat come just a few days after the White House sent letters to major drugmakers demanding slashed prices for US patients.
At the heart of the biotech deal is a relatively new drug technology called PD-1/VEGF bispecific antibodies.