Trump: major drug companies to announce voluntary price cuts soon

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WASHINGTON (Reuters) – President Donald Trump on Wednesday mentioned he expects main drug corporations to chop costs on their merchandise, however didn’t present particulars.

U.S. President Donald Trump arrives previous to signing the “Proper to Attempt Act,” which supplies terminally in poor health sufferers the correct to make use of experimental medicines not but been accredited by the Meals and Drug Administration (FDA), on the White Home in Washington, U.S., Might 30, 2018. REUTERS/Leah Millis

“You’re going to have some massive information. I feel we’re going to have a number of the massive drug corporations in two weeks mentioned they’re going to announce, due to what we did, they’re going to announce voluntary large drops in costs,” Trump mentioned at a signing ceremony for a brand new regulation making it simpler for severely in poor health individuals to attempt experimental therapies.

Reporting by Steve Holland; Writing by Lisa Lambert; Enhancing by Chizu Nomiyama

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