Changchun High & New Technology Industries Group Inc000661
▲ PositiveTechnologyrelevance
IND acceptance for GenSci136, a novel dual-target biologic for lupus, advances pipeline.
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Changchun GeneScience Pharmaceutical Co., Ltd.Private▲ Positive
Technologyrelevance
IND acceptance for GenSci136, independently developed by GeneScience, marks regulatory progress.
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Novo's Denecimig Wins CHMP Backing for Hemophilia A in EU
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Trump to Announce Most Favored Nation Drug Pricing for Medicaid in All 50 States
President Trump will announce on Friday that Medicaid beneficiaries in all 50 states will receive Most Favored Nation pricing discounts on some prescription drugs. The White House Council of Economic Advisers projects the move will generate $27.6B in savings for state governments and $36.6B for the federal government over 10 years, according to Semafor, which broke the news. Trump is also scheduled to meet today with the governors of Arkansas, Mississippi, and South Dakota to discuss progress on lowering drug prices. Separately, an AARP Public Policy Institute report released in August found that applying MFN pricing to the top 10 drugs by Medicare Part D and Part B spending in 2025 would cut Medicare spending on those drugs from $273B to $76B between 2029 and 2033.