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Maroc Maroc - WN.COM - Business - 01/Oct 09:24

Pfizer does deal with Trump on prescription drug prices

Pfizer and US President Donald Trump said they had cut a deal in which the US-based drugmaker agreed to lower prescription drug prices in the Medicaid programme to what it charges in other developed countries in exchange for tariff relief. Trump also said Pfizer would offer that most-favoured-nation pricing on all new drugs launched in the US and flagged that other drugmakers will follow suit. Shares of Pfizer rose more than 6%, and the news lifted Eli Lilly, Merck, Amgen, AbbVie and GSK shares on Wall Street overnight as well on investor relief that they would escape the worst of tariffs. US patients currently pay by far the most for prescription medicines, often...

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Drugmaker Pfizer has agreed to lower...

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Under the agreement, Pfizer will charge most-favored-nation pricing to Medicaid and guarantee the same pricing on new drugs. ......

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