President Donald Trump sent letters to the chief executives of 17 major pharmaceutical companies, including Pfizer, urging them to take immediate action to lower U.S. prescription drug costs. Trump threatened to 'deploy every tool in our arsenal' if companies do not comply with his demands.
The President requested that each company commit to his goals by September 29, emphasizing the need for 'immediate relief from the vastly inflated drug prices.' This action follows Trump's executive order in May, which revived a 'most favored nation' policy aiming to tie U.S. drug prices to lower international rates.
This direct political pressure creates significant regulatory uncertainty for Pfizer and the broader pharmaceutical industry. Companies are now under increased scrutiny to demonstrate efforts to reduce drug costs, which could impact their pricing strategies and revenue generation.
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