"The company also agreed to participate in a new website the US administration plans to start, called TrumpRx, which will allow people to buy drugs directly from manufacturers. Pfizer said many of its treatments will be offered at discounts that average some 50 percent through that platform. The deal with Pfizer builds on an executive order Trump signed in May, setting a deadline for drug makers to electively lower prices or face new limits on what the government will pay."
"Consumers are not expected to start seeing lower prices under the Pfizer deal until 2026, senior administration officials told The Associated Press news agency. Besides committing to lowering costs, Trump said, Pfizer agreed to spend $70bn in domestic manufacturing facilities, becoming the latest in a string of top drug makers to announce plans to build production in the US. The White House did not immediately release details about the investment,"
President Donald Trump announced an agreement with Pfizer to lower prescription costs for Medicaid by matching the lowest prices offered in other developed nations for existing drugs and by launching new drugs in the US at the same prices as in other high-income countries. Pfizer agreed to participate in a planned TrumpRx website to sell drugs directly from manufacturers, with many treatments offered at average discounts near 50 percent. The deal builds on an executive order that set a deadline for voluntary price reductions or new government payment limits. Pfizer also committed to spend $70bn on US research, development and manufacturing.
Read at www.aljazeera.com
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