President Trump asked U.S. pharmaceutical companies to move drug production back to U.S. and reduce prices

Briefing

President Trump asked U.S. pharmaceutical companies to move drug production back to U.S. and reduce prices

February 7, 2017

Briefing

  • Pharmaceutical Companies Meeting – President Trump convened with leading pharmaceutical companies in January 2017, asking them to move production back to the U.S. and reduce drug prices
  • Hasten Drug Approval – Stated that he was committed to make local drug approval processes easier
  • Intensify Competition – Encouraged more competition, even from smaller companies, to help bring down drug prices
  • Address Freeloading – Announced planned new trade policy he believes will prevent foreign countries from setting limits on drug prices, which decreases revenues of pharmaceutical companies

Market Disruption

Sector

Healthcare/Health Sciences

Source

Original Publication Date

January 31, 2017

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