Johnson & Johnson suspends rebate plan after federal intervention
Johnson & Johnson (NYSE: JNJ) has halted its plan to implement a 340B rebate model after pressure from the Health Resources and Services Administration (HRSA).
The decision came following HRSA’s threat to terminate the company’s Pharmaceutical Pricing Agreement (PPA), which would have jeopardized patient access to J&J's medications.
The planned rebate system would have applied to two drugs, Stelara (ustekinumab) and Xarelto (rivaroxaban), specifically for purchases made by hospitals under the 340B program. The model proposed by J&J would have shifted discounts to a rebate-based structure instead of the traditional upfront discounts.
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