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In 2023, the life sciences industry saw key therapeutic advances in sickle cell disease, obesity/weight management, and Duchenne muscular dystrophy, among others, and the continued approvals of therapies with cutting edge mechanisms, including the first CRISPR therapy. While 2022 was characterized by accelerated development processes and the rapid evolution of therapeutic standards, 2023 featured increased implementation of cost-effectiveness policies and the emergence of the consequences of these pricing controls and cost-effectiveness measures, including the Inflation Reduction Act (IRA) and Germany’s Financial Stabilization Act. Regulatory and payer strategies continued to evolve in 2023, and this white paper seeks to illustrate the key consequences of new therapeutic advances and policies aiming to control costs globally and assess their impacts for pharmaceutical manufacturers.
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