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EQRx Retracts Promise to Bring Low-Cost China Drugs to US

publication date: Nov 11, 2022

Boston’s EQRx backed off its promise to bring innovative medicines to the US market at a 50%-70% discount from big pharma prices. Now, the company plans to seek “market prices” for two drugs in-licensed from China companies and will drop development of an indication for a third drug. The abrupt change follows the FDA’s policy requiring companies to conduct US Phase III trials of new drugs rather than basing NDAs completely on China data. More Phase III trials means higher development costs, destroying EQRx’s business plan. More details....

Stock Symbol: (NSDQ: EQRX)

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