Pfizer Delays Drug Price Hikes After Talking With Trump

I thank you because ur visit in the my website with title Pfizer Delays Drug Price Hikes After Talking With Trump. Happy reading

WASHINGTON/NEW YORK (Reuters) - Pfizer Inc (PFE.N) said on Tuesday it was deferring drug price increases for no more than six months after the company’s chief executive officer had an extensive conversation with U.S. President Donald Trump.

FILE PHOTO: The Pfizer logo is seen at their world headquarters in Manhattan, New York, U.S., August 1, 2016. REUTERS/Andrew Kelly

The rollback came a day after Trump took aim at Pfizer and other U.S. drugmakers for raising prices on some of their medicines, saying in a tweet that they “should be ashamed” and that his administration would respond.

Pfizer on Tuesday said it would defer price increases that went into effect on July 1 until the end of the year or until the president’s drug pricing blueprint goes into effect - whichever is sooner. The company said it would return drug prices to their pre-July 1 levels as soon as technically possible.

FILE PHOTO: U.S. President Donald Trump speaks with the news media before boarding Marine One for travel to Europe from the White House, in Washington, U.S., July 10, 2018. REUTERS/Leah Millis

On Tuesday, Trump said in a tweet that Pfizer had agreed to roll back drug price hikes after he and U.S. Health and Human Services Secretary Alex Azar spoke with the company’s CEO, Ian Read.

“We applaud Pfizer for this decision and hope other companies do the same,” Trump, who is traveling in Europe, said in a tweet.

Pfizer, one of the largest pharmaceutical companies, now likely will not raise drug prices until after the 2018 midterm elections in November. That gives Trump, who made lowering prescription drug prices a top 2016 presidential campaign issue, a short-term victory he can point to in the run-up to the elections, which are being closely watched to see if Trump’s fellow Republicans will be able to maintain control of both the Senate and the House of Representatives.

Pfizer raised list prices on around 40 medicines earlier this month. Those include Viagra, cholesterol drug Lipitor and arthritis treatment Xeljanz, according to Wells Fargo. List prices do not include rebates and discounts drugmakers may offer.

Source : https://www.reuters.com/article/us-usa-trump-drugpricing/trump-says-pfizer-is-rolling-back-drug-price-hikes-idUSKBN1K0323

Thanks you for read my article Pfizer Delays Drug Price Hikes After Talking With Trump
Pfizer delays drug price hikes after talking with Trump
Pfizer says delaying drug price hikes after Trump conversation
Pfizer To Temporarily Roll Back Drug Price Increases Following Talk With Trump
Novartis joins Pfizer in delaying drug price hikes
Pfizer delays some drug price hikes after Trump's criticism
Pfizer delays drug price hikes after talking with Trump
Pfizer delays drug price hikes after pressure from Trump
Pfizer delays drug price hikes after pressure from Trump