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Keryx CEO Says U.S. House Bill Would Help on Drug Pricing

Keryx Biopharmaceuticals Inc. said it expected to benefit from proposed U.S. legislation that would continue a pricing system for dialysis drugs, sending its shares up the most in almost five months.

The bill would erase an estimated 24 percent cut to payments for physicians under Medicare, the health program for the elderly and disabled. The 121-page legislation includes a provision requiring Medicare to continue making separate payments for oral drugs used in dialysis...