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Pfizer CEO vows company will be a ‘formidable competitor’ in booming weight-loss market after $10B buy
Fox Business· 2025-11-13 17:55
Group 1: Acquisition and Market Positioning - Pfizer Inc. has secured a $10 billion deal to acquire obesity-drug developer Metsera, positioning itself as a "formidable competitor" in the weight-loss drug market [1][5] - The acquisition allows Pfizer to gain rights to new weight-loss treatments that are still in trials, entering a competitive space dominated by GLP-1 drugs like Eli Lilly's Zepbound and Novo Nordisk's Wegovy [1][5] - Pfizer expects to launch its first weight-loss treatment by the end of 2028, targeting a market estimated at approximately $150 to $200 billion [2] Group 2: Strategic Initiatives and Drug Pricing - Pfizer is aligning with the Trump administration's initiative to lower prescription drug prices through the forthcoming TrumpRx platform, which aims to provide Americans with direct access to medications [6][8] - The company plans to integrate its drugs with the TrumpRx initiative to enhance access to medications, potentially increasing patient adherence to prescriptions [8][9] - A complete website featuring over 40 products will be ready by December to support the launch of TrumpRx, facilitating logistics for patients [9]
Mark Cuban on TrumpRx: It's not going to change the game, but I give them credit for trying
CNBC Television· 2025-10-20 19:15
We gave them our API. You know, they're going to be a referral site. We're feeding them daily updates because with cost plus, as our volumes go up and our prices go down, we pass through those savings.And so, it'll be great for us. We're we're really excited about it. Um, I think it's it's a great thing.This administration completely different. I'm not saying I'm a Donald Trump fan now, but credit where credit is due. They are trying their best to reduce the cost of prescriptions and of health care and of i ...
Trump Administration Engages Pharmacies, GoodRx For TrumpRx Launch
Benzinga· 2025-10-09 19:09
Core Insights - GoodRx Holdings Inc. is joining the TrumpRx website, indicating an expansion of initiatives beyond direct discount programs from pharmaceutical manufacturers [1] - The TrumpRx site is being promoted as a means for consumers to access medications at lower prices, although its practical effectiveness is still uncertain [2] - GoodRx's CEO emphasized the necessity of including pharmaceutical company discount programs and competitive retail pharmacy pricing for TrumpRx to be effective [3] Company Developments - GoodRx's stock has increased by 12.07%, reaching $4.92 [7] - AstraZeneca has launched AstraZeneca Direct, allowing patients to access certain medications at cash prices up to 70% off the list price [5] - Amgen has introduced AmgenNow, a direct-to-patient program starting with Repatha [6] Industry Context - The National Community Pharmacists Association and the National Association of Chain Drug Stores are engaged in discussions with officials regarding the TrumpRx initiative [4] - According to ING Group, if all branded medications were available directly from manufacturers, consumers could save approximately $1.9 billion in the $590 billion U.S. pharmaceutical market [5] - Pharmacy groups stress the importance of equal access to discounts provided through TrumpRx to avoid patients having to "chase a discount" [6]
Record Closes, Resiliency Define First Week of October
Schaeffers Investment Research· 2025-10-03 16:02
Resiliency was the theme on Wall Street to end September and begin the fourth quarter. Despite a U.S. government shutdown, concerning mid-week jobs data, and a brief AI lull, all three major benchmarks bagged record closes and were set for weekly gains. As of this writing on Friday, the Dow Jones Industrial Average (DJI), S&P 500 (SPX), and Nasdaq Composite (IXIC) were all in the midst of six-day win streaks. Analyst Attention Worth MonitoringThe brokerage community was active this week, with analysts turni ...
Pfizer's Art Of The Deal
Forbes· 2025-10-01 20:30
Pfizer CEO Albert Bourla speaks shakes hands with U.S. President Donald Trump in a White House event on Tuesday.Getty ImagesPresident Trump and Pfizer announced a deal to cut drug pricing yesterday. And it looks like the pharmaceutical giant got the better end of it. Signed at a showy news conference on Tuesday, the agreement gives CEO Albert Bourla and his company a reprieve from threatened tariffs and something of a truce from an Administration that he had been battling. It was a win so clear that the com ...
Pfizer to cut drug prices, announces $70 billion US investment, and discounted sales via TrumpRx
MINT· 2025-09-30 16:52
Pfizer Inc. is set to unveil plans to lower prescription drug prices at an event on Tuesday alongside President Donald Trump, according to multiple White House officials, as per a report. The announcement will include measures aimed at making medicines more affordable for Americans, particularly those enrolled in the Medicaid program, Bloomberg reported.Pfizer is expected to implement broad reductions in US drug prices, with Medicaid patients receiving “most favored nation” pricing on select medicines, the ...