The president didn’t offer any specifics about the action his administration would take in comments to reporters at the beginning of a dinner with business leaders at his golf club in New Jersey.
At the dinner, President Trump said the prices of prescription drugs made by Pfizer, Novartis and others were “too high.” He added that “we are announcing something next week which is going to get them down really substantially,” according to Bloomberg.
President Trump has made lowering costs of prescription drugs a main focus of his administration. In May, he released a “blueprint”to combat rising drug prices, with several proposals seeking to increase competition, improve negotiation and create incentives to lower prescription drugs and out-of-pocket costs.
More articles on pharmacy:
Allergan sues Pfizer over costs related to opioid lawsuits
Teva’s revenue drops 18% in Q2
Who knew? There’s a trophy for ‘most hated’ pharma chief: 10 notes
