US Edition
Trump demands pharma companies slash drug prices in next 60 days
UNITED STATES, JUL 31 – President Trump set a 60-day deadline for 17 drugmakers to lower U.S. prices to match those in other developed nations, aiming to reduce costs up to 60%, White House said.
- President Donald Trump demanded that 17 pharmaceutical companies reduce U.S. drug prices within 60 days, emphasizing the need for most-favored-nation pricing for Medicaid patients.
- Trump's proposals include ensuring that all new drugs come with reduced prices and that drugmakers negotiate prices harder with foreign countries.
- Following Trump's announcement, shares of major drug companies fell, indicating investor concern over potential compliance with the price-cut demands.
142 Articles
142 Articles
The US President has sent a letter in the form of an ultimatum to the 17 largest companies in the sector, including French Sanofi, to reduce their prices within 60 days. The White House is encouraging them to raise their prices outside the United States, particularly in Europe.
Fact Sheet: President Donald J. Trump Announces Actions to Get Americans the Best Prices in the World for Prescription Drugs
FOR IMMEDIATE RELEASE 07/31/25 Fact Sheet: President Donald J. Trump Announces Actions to Get Americans the Best Prices in the World for Prescription Drugs REDUCING DRUG PRICES FOR AMERICANS AND TAXPAYERS: Today, President Donald J. Trump sent letters to leading pharmaceutical manufacturers outlining the steps they must take to bring down the prices of prescription drugs in the United States to match the lowest price offered in other developed…
Within 60 days, Novo Nordisk and a number of other international pharmaceutical companies must lower the prices of medicines in the United States. Donald Trump demands it, but the American healthcare system is not simple.
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