Tags: Donald Trump | Health Topics | Trump Administration | novartis | pfizer | drug prices | donald trump

Trump Thanks Novartis, Pfizer for Not Raising Drug Prices

Trump Thanks Novartis, Pfizer for Not Raising Drug Prices
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Thursday, 19 July 2018 07:39 AM

U.S. President Donald Trump thanked two major drug companies on Thursday for not raising their prices and said his administration was working toward substantially cutting prescription-drug prices.

"Thank you to Novartis for not increasing your prices on prescription drugs. Likewise to Pfizer. We are making a big push to actually reduce the prices, maybe substantially, on prescription drugs," Trump said in a tweet.

Earlier this month Trump was able to persuade Pfizer CEO Ian Read to defer the company's planned price hikes, explaining in a call the company had complicated the administration's drug pricing plans.

Facing pressure from the Trump administration and lawmakers, Swiss drugmaker Novartis has also halted anticipated price increases.

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U.S. President Donald Trump thanked two major drug companies on Thursday for not raising their prices and said his administration was working toward substantially cutting prescription-drug prices.
novartis, pfizer, drug prices, donald trump
112
2018-39-19
Thursday, 19 July 2018 07:39 AM
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