Trump pushes drugmakers for lower prices, more U.S. production

Trump pushes drugmakers for lower prices, more U.S. production


U.S. President Donald Trump on Tuesday called on the pharmaceutical industry to boost U.S. production and lower prices, while also vowing to speed up approval times for new medicines and appoint a new U.S. Food and Drug Administration leader soon. Shares of five of the six drug companies at the White House meeting with Trump were up more than 1 percent on average following the president's remarks, compared with a 0.5 percent drop in the broad S&P 500.



from Biotech News