House Democrats sent letters to prominent biopharma companies demanding information.

(Bloomberg Gadfly) – Things are about to get awkward for makers of drugs targeting multiple sclerosis.

On Thursday afternoon, House Democrats sent letters to prominent biopharma companies that sell MS treatments including Biogen Inc., Novartis AG, Roche Holding AG, and Sanofi, demanding a variety of information about the large and, according to the letters, often seemingly concerted price hikes they have taken as part of an “in-depth investigation.” As would be expected, the news sparked a decline in the drugmakers’ shares.

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