"So far 14 of the 17 of largest pharmaceutical companies have agreed to lower US drug prices. United States President Donald Trump announced new agreements aimed at lowering prescription drug prices. On Friday, alongside leaders from Bristol Myers Squibb, Gilead Sciences, and Merck, among other leading pharma giants, the president announced deals that would cut prices on their medications to match that of the developed nation with the lowest price."
"Starting next year, American drug prices will come down fast and furious and will soon be some of the lowest in the developed world, Trump said. This is the biggest thing having to do with drugs in the history of the purchase of drugs. Under the deals, each drugmaker will cut prices on some of the drugs sold to the Medicaid programme for low-income people, senior administration officials said, promising massive savings on widely used medicines without giving specific figures."
Fourteen of the seventeen largest pharmaceutical companies have agreed to lower some U.S. drug prices to match the lowest price among developed nations. President Donald Trump announced agreements with leaders from Bristol Myers Squibb, Gilead Sciences, Merck and others, saying reductions start next year and will make American prices among the lowest in the developed world. The deals target selected drugs sold to Medicaid and may include cuts to cash-pay direct-to-consumer prices via the TrumpRx.gov website. Companies agreed to launch drugs in the U.S. at comparable prices, increase manufacturing, and may receive three-year tariff exemptions. Specific savings figures were not provided.
Read at www.aljazeera.com
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