---
title: "Updated: Eli Lilly blames Biden's IRA for cancer drug discontinuation as the new pharma playbook takes shape"
description: 𝗧𝗵𝗶𝗻𝗸𝙁𝘼𝙎𝙏. As November began, Eli Lilly blamed the Inflation Reduction Act for its decision to cancel the development of two early...
image: https://ourthinking.think-gen.com/hubfs/1.png
---

# Our Thinking

ThinkFAST Recommended Reading:

# Updated: Eli Lilly blames Biden's IRA for cancer drug discontinuation as the new pharma playbook takes shape

𝗧𝗵𝗶𝗻𝗸𝙁𝘼𝙎𝙏. As November began, Eli Lilly blamed the Inflation Reduction Act for its decision to cancel the development of two early stage products, one for cancer, one for chronic pain. Quite simply (?) the “New Pharma Playbook” that is evolving under the IRA, which allows the Federal Government to negotiate prices on some expensive drugs, has apparently made the economics of those ventures no longer attractive to the company. More recently, Bristol-Myers Squibb made a similar announcement.

We’re guessing these won’t be the last such decisions. The impact on American medical care, and that of the rest of the world for that matter, is yet to be determined. We’re not even sure the companies aren’t just bluffing for political purposes.  
Want to see the first volley? Go to:

[https://endpts.com/eli-lilly-rolls-snake-eyes-as-it-axes-two-early-stage-drugs-including-a-40m-cancer-therapy-from-fosun/](https://endpts.com/eli-lilly-rolls-snake-eyes-as-it-axes-two-early-stage-drugs-including-a-40m-cancer-therapy-from-fosun/)

Share:

- [![](https://ourthinking.think-gen.com/hubfs/ThinkGen_2022/Images/linkedIn.png)](https://www.linkedin.com/company/think-gen)
- [![](https://ourthinking.think-gen.com/hubfs/ThinkGen_2022/Images/Email.png)](mailto:info@think-gen.com)

## Want to learn more? Visit Our Innovations

[ Learn More ](https://think-gen.com/services#our-innovation)

### Contact us to learn how we can help your team to make better marketing decisions based on better market research.