AstraZeneca CEO Warns New US Drug Price Law Will Hurt Innovation

AstraZeneca CEO Warns New US Drug Price Law Will Hurt Innovation
The logo for AstraZeneca outside its North America headquarters in Wilmington, Del., on March 22, 2021. Rachel Wisniewski/Reuters
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LONDON—AstraZeneca’s Chief Executive Officer Pascal Soriot warned on Tuesday new U.S. legislation capping drug prices would reduce the ability of companies to recoup their investment on developing new drugs and hurt innovation.

In a Reuters Newsmaker interview, he said the British drugmaker’s top-selling cancer therapy Tagrisso as well as its potential blockbuster Enhertu would likely be negatively affected by the new law in the coming years.