Exclusive-Drugmakers set to raise U.S. prices on at least 500 drugs in January

Drugmakers including Pfizer, Sanofi and Takeda Pharmaceutical plan to raise prices in the United States on more than 500 unique drugs in early January, according to data analyzed by healthcare research firm 3 Axis Advisors. Under President Joe Biden's Inflation Reduction Act (IRA), the government's Medicare health program can negotiate prices directly for some drugs starting in 2026. Three companies including GlaxoSmithKline, which last week said it would cut prices on some asthma, herpes and anti-epileptic drugs for 2024, are also expected to lower prices on at least 15 unique drugs in January, according to the data.