Pharmaceutical Industry Dynamics - The White House and President Trump have been pushing for lower prescription drug costs for months, culminating in an announcement with Pfizer [2] - The administration's overall goal is to lower US prescription drug costs, which are historically higher than in other nations [3] - President Trump announced a deal between Medicaid and Pfizer to lower drug prices, along with a new website called Trump RX for Americans to buy medications [1] Pfizer Deal Specifics - Pfizer has pledged to lower some prescription drug costs, but the specific drugs involved are not yet known [2][3] - The CEO of Pfizer is in attendance and will offer remarks, with other drug makers potentially following suit [3][5] Trump RX Website - Trump RX is intended to be a direct-to-consumer website named after the president [4] - Details on how the Trump RX website will work and which drugs will be included are still pending [4][5] - The aim is to cut out intermediaries and allow people to order prescription drugs directly through Pfizer [5]

Today, Pfizer's committing to offer all of their prescription medications to Medicaid, and it will be at the most favored nations. Prices is going to have a huge impact on bringing Medicaid costs down like nothing else. I told you that in my first term, I was so proud of the fact that for the first time in 28 years, drug prices came down and I had a news conference that explained it was 1/10 of 1%, but it was down.And here we're talking about, in one case, over 1,000%. This is a critical step forward to wor ...

President Donald Trump speaks from the Oval Office to announce that Pfizer has agreed to take measures to lower U.S. drug prices, including selling its existing drugs to Medicaid patients at the lowest price offered in other developed nations. ...

President Donald Trump on Tuesday announces an agreement with Pfizer to voluntarily sell its medications at lower prices, as his administration pushes to link U.S. drug prices to the cheaper prices paid abroad. Pfizer CEO Albert Bourla will be in attendance, a White House official said. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/42d859g » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Watch CNBC on ...

America’s drug prices were more than three times the average in other rich countries in 2022. As a consequence, it coughs up around 70% of global pharmaceutical profits from about half of global sales. This is partly because of how the market is organised https://t.co/eyJHSfPEB3 ...

Pharmaceutical Industry & Pricing - The pharmaceutical industry faces potential disruption as Trump announced plans to reduce drug prices in the US by 1500% [1] - A 1500% reduction in drug prices represents a significant shift in the US pharmaceutical market, potentially impacting company revenues and profitability [1]

JUST IN: 🇺🇸 President Trump says US will reduce drug prices by 1500%. https://t.co/7tyma9f9cQ ...

Pricing Strategy - Eli Lilly is in discussions to increase drug prices in Europe, beginning with the weight-loss drug Mounjaro in the U_K [1] - The price increase aims to align with President Trump's objective of reducing drug prices in the U_S [1]

European governments control drug prices in various ways—Britain is particularly strict, refusing to pay for medicines that do not meet a threshold of cost-effectiveness. But AstraZeneca’s boss is not afraid of a scrap https://t.co/3koNEJQOxS ...

Merck is considering selling medicines directly to patients in the US, joining drugmakers seeking to bypass middlemen following President Trump’s demand for lower drug prices https://t.co/K3WobcCp51 ...