Trump To Announce Drug-Pricing Pact With Pfizer Later Today: Report
According to a report by The Washington Post, the deal would require Pfizer to voluntarily offer its medications through Medicaid at reduced prices.
President Donald Trump is reportedly set to announce a drug-pricing deal with Pfizer (PFE) later on Tuesday.
According to a report by The Washington Post, citing sources familiar with the matter, the deal would require Pfizer to voluntarily offer its medications through Medicaid at reduced prices. The announcement comes amid the White House’s broader push for “Most Favored Nation” pricing deals, which aim to tie U.S. drug costs to the lowest prices paid by wealthy countries.
Pfizer’s stock rose 1.5% in morning trade with retail sentiment on Stocktwits trending in ‘bullish’ territory over the past day.
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