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Trump Administration Engages Pharmacies, GoodRx For TrumpRx Launch
Benzingaยท 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]