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Bristol Myers Squibb adding 3 medications on TrumpRx
Fox Business· 2026-03-30 20:40
Core Insights - Bristol Myers Squibb is launching three medications on TrumpRx.gov with discounts ranging from 40% to 90% off retail prices [1] - The drug Sotyktu, used for treating moderate-to-severe plaque psoriasis, will be available for $743, a 90% discount from its retail price of $7,135.55 [1] - Zeposia, for relapsing forms of multiple sclerosis, will be offered at a discount between 88% and 90% [4] - Orencia SC, a weekly injection for moderate-to-severe rheumatoid arthritis, will see a 40% price reduction [5] - The initiative is part of ongoing efforts by the White House to reduce healthcare costs amid pressure from the Trump administration [5][11] Company and Industry Developments - Bristol Myers Squibb's new offerings follow the addition of Amgen and GSK to the list of companies providing discounts on TrumpRx.gov [7] - Amgen's medications will be available at an 80% discount, with Amjevita priced at $299 from an original price of $1,484 [8] - Other Amgen drugs, Aimovig and Repatha, will have discounts of 62%, while GSK's Incruse will be discounted by 55% [10] - The White House continues to push for more pharmaceutical companies to join the initiative as Americans seek ways to lower medical costs [11] - Data indicates that under the Biden administration, prescription drug costs increased by 10.4% from January 2021 to January 2025, contrasting with a mere 0.2% increase during the Trump administration [12]
What is TrumpRx, and can it help you save money?
Yahoo Finance· 2026-02-26 15:31
Core Insights - The TrumpRx platform aims to reduce prescription drug costs in the U.S. by providing discounted prices for primarily name-brand medications [1][2] - President Trump claims that Americans will now pay the lowest prices for prescription drugs globally, although accessing these prices may not be straightforward for everyone [2] Group 1: Overview of TrumpRx - TrumpRx is a government-hosted website that offers discounts on name-brand medications, including weight-loss drugs and fertility medications, primarily for cash-paying users [3][4] - At launch, TrumpRx provided discounts on drugs from five pharmaceutical companies, with 43 drugs currently listed on the platform [4] Group 2: Usage and Eligibility - Users cannot purchase drugs directly through TrumpRx; they must present a coupon at a participating pharmacy or access discounts via the manufacturer's website [5][6] - TrumpRx is designed for cash-paying customers; those with insurance may find their co-pays cheaper than the TrumpRx discounts [8][9] Group 3: Target Audience and Benefits - TrumpRx is particularly beneficial for uninsured Americans or those whose insurance does not cover specific name-brand drugs [11][12] - Discounts on TrumpRx range from 33% to 93%, with most discounts around 50% [13] Group 4: Comparison with Other Options - While TrumpRx offers discounts, other platforms like GoodRx and SingleCare provide a broader range of medications, including generics, which may be cheaper [16] - Users are encouraged to compare prices across different platforms and consider generic alternatives for potential savings [15][17]
TrumpRx promises lower drug prices: How it works — and whether it can save you money
Yahoo Finance· 2026-02-26 15:31
Core Insights - The TrumpRx platform aims to reduce prescription drug costs in the U.S. by providing discounted prices for primarily name-brand medications [1][2] - President Trump claims that Americans will now pay the lowest prices for prescription drugs globally, although accessing these prices may not be straightforward for everyone [2] Group 1: Overview of TrumpRx - TrumpRx is a government-hosted website that offers discounts on name-brand medications, including weight-loss drugs and fertility medications, primarily for cash-paying users [3][4] - At launch, TrumpRx provided discounts on drugs from five pharmaceutical companies, with 43 drugs currently listed on the platform [4] Group 2: Usage and Eligibility - Users cannot purchase drugs directly through TrumpRx; they must present a coupon at a participating pharmacy or access discounts via the manufacturer's website [5][6] - TrumpRx is designed for cash-paying customers; those with insurance may find their co-pays cheaper than the TrumpRx discounts [8][9] Group 3: Target Audience and Benefits - TrumpRx is particularly beneficial for uninsured Americans or those whose insurance does not cover specific name-brand drugs [11][12] - Discounts on TrumpRx range from 33% to 93%, with most discounts around 50% [13] Group 4: Comparison with Other Options - Some drugs on TrumpRx have generic alternatives that may be cheaper, and the platform lacks a disclaimer about the availability of generics [15] - Other websites like GoodRx and SingleCare offer similar discounts but include a broader range of medications, including generics [16]