Several drugmakers are expected to announce agreements with the U.S. government to lower prescription drug prices, Michael Erman, Jarrett Renshaw and Patrick Wingrove of Reuters reports, citing people familiar with the matter. AbbVie (ABBV), Bristol Myers Squibb (BMY), Gilead (GILD), Merck (MRK), Novartis (NVS), and Roche (RHHBY) are among the companies expected to announce deals.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ABBV:
- Morning News Wrap-Up: Thursday’s Biggest Stock Market Stories!
- AbbVie Stock Slips on U.S. Government Price Negotiations Reports
- AbbVie price target lowered to $233 from $248 at BofA
- AbbVie Hold Rating: Balancing Growth Opportunities with Valuation and Pipeline Challenges
- AbbVie’s New Study on Parkinson’s Treatment: What Investors Need to Know
