PUBLISHER: GlobalData | PRODUCT CODE: 1930561
PUBLISHER: GlobalData | PRODUCT CODE: 1930561
Since the US president Donald Trump issued the Most Favored Nation (MFN) executive order, several pharmaceutical companies have agreed to comply with MFN pricing and more are expected to fall in line in the future. The Trump administration also recently revealed a new program for Medicaid, dubbed the GENErating cost Reductions fOr U.S. Medicaid (GENEROUS) model, where State Medicaid programs will be able to purchase drugs at MFN prices. The GENEROUS model revealed details on how international reference pricing (IRP) will be introduced into the US. GlobalData therefore examines the impact of this model for pharma companies.