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Home Business

Pfizer, drug companies make 'no commitments' to White House about lowering drug prices

9 June 2025
in Business
Pfizer, drug companies make 'no commitments' to White House about lowering drug prices
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Summary

The CEO of Pfizer has stated that cheaper pharmaceuticals will not be available in the near future, despite an executive order aimed at reducing drug prices. This comes after President Trump had previously pledged to cut drug prices by 90% within 30 days. The commitment to lower prices highlights ongoing challenges in the pharmaceutical industry, as immediate changes are not expected.

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Tags: 039NoAlbert BourlaBusinesscommitments039companiesCOVID-19 vaccination in the United StatesdrugDrug pricingfinanceGoldman SachshealthHealth CareHealth insuranceHouseloweringmedicalMedication costsMost Favored Nation Drug PricingPfizerPharmaPharmaceutical industrypharmacyPoliticspricesPublic healthQuartzTrumpUniversal health careWhite
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