"On Friday, he shared from the Oval Office that he struck a deal with AstraZeneca to offer the US a "most-favored-nation" drug pricing policy that would lower prescription costs. As part of the deal, AstraZeneca has pledged to invest $50 billion in the US over the next five years in research and development of new drugs and onshore manufacturing. The company has also committed to offering prices to Medicaid patients that are comparable to the lowest prices charged in other countries."
"In September, Trump announced TrumpRx.com, a federal government website aimed at making drugs more affordable by eliminating intermediary companies. "AstraZeneca, the largest pharmaceutical manufacturer in the United Kingdom, is committing to offer Americans major discounts on their vast catalogue of prescription drugs," said Trump during a press conference on Friday afternoon. "You're gonna pay whatever the lowest pricing in the world there is, that's what you're gonna be paying," Trump added."
President Donald Trump announced a deal with AstraZeneca to implement a most-favored-nation drug pricing policy lowering U.S. prescription costs. AstraZeneca pledged to invest $50 billion in the United States over five years in research, development of new drugs, and onshore manufacturing. The company committed to offer Medicaid prices comparable to the lowest prices charged in other countries. Trump promoted TrumpRx.com, a federal website intended to make drugs more affordable by removing intermediary companies. A prior agreement with Pfizer similarly offered reduced Medicaid rates in exchange for a three-year tariff exemption. The announcement coincided with a government shutdown amid ACA subsidy disputes.
Read at Business Insider
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