Two-Year Ban On Device Tax Clinched In Tax-Extenders Bill, Passage Expected Soon
This article was originally published in Clinica
Executive Summary
House and Senate negotiators reached a compromise agreement early Dec. 16 to place a two-year delay on the medical device tax as part of a tax-extenders bill, a move hailed by the device and medical imaging industry. However, the House and Senate still have to vote on the bill, the Protecting Americans from Tax Hikes Act of 2015, which also includes a permanent extension of the research and development tax credit.
You may also be interested in...
Sen. Klobuchar Forming Coalition To Push For Both Device, Cadillac Tax Repeal
Sen. Amy Klobuchar, D-Minn., is putting together a coalition of lawmakers who favor repeal of both the medical device excise tax and the Affordable Care Act's so-called "Cadillac tax" on high-expense health-care plans.
Japan Grants Global-First Approval To Zolbetuximab, 15 Other New Drugs
Astellas's first-in class CLDN18.2-targeting antibody receives its first approval worldwide, while crovalimab and a number of drugs for rare diseases also receive nods from regulators and are now awaiting reimbursement price-listing.
Hanmi-OCI Merger Hits Wall As Brothers Win Shareholder Vote, Board Seats
The planned merger of Korea's Hanmi Pharm Group with OCI Group hits a major speed bump as the two sons of Hanmi's founder and other candidates recommended by them secture board seats. But it remains to be seen how the Lim brothers will fulfil their ambitious promises.