 (Washington Post illustration; iStock) By Carolyn Y. Johnson SAN FRANCISCO — The biggest biopharmaceutical event of the year kicks off this week as 450 health-care companies and thousands of investors descend on this city for a week of dealmaking, networking and trying to read the tea leaves for what President-elect Donald Trump will do — or not do — about drug prices. The J.P. Morgan Healthcare Conference, held Monday through Thursday, brings together leaders from across the health-care ecosystem: drug companies that are household names, up-and-comers trying to launch the next big medicine and insurers who help pay for it all. At packed sessions and investor meetings scattered across a soggy, rain-soaked city, hundreds of companies will set the tone for the next year. But they face an added layer of uncertainty this year, trying to divine what a president-elect who has been critical of high drug prices and vowed to repeal the Affordable Care Act will mean for business. "Everybody is going to be trying to figure out what's going on with the new administration and drug pricing. Everyone's going to be asking that question — and nobody's going to have answers," said Brad Loncar, an independent biotech investor. "That's the No. 1 thing that's going to impact our entire industry." No drug company wants to find itself catapulted into the national spotlight on the wrong end of President-elect Trump's tweets. And the industry may be at a particularly vulnerable moment. Read the rest on Wonkblog. | 
Twitter
Facebook
No comments:
Post a Comment