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Trump Calls Drug Pricing ‘Astronomical’ and Promises Changes

  • President says prices must come down, promises faster FDA
  • Industry has been lobbying lawmakers to counter Trump plans
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Trump: Get Drug Prices Down, Streamline FDA Approvals

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President Donald Trump told drugmakers at a White House meeting Tuesday they were charging too much and promised to get better bargains for government health programs, in addition to finding ways to get new medicines to market faster.

“The pricing has been astronomical,” Trump said to chief executives of some of the world’s biggest drugmakers, who came to Washington after his criticism of the industry earlier this month sent drug and biotechnology stocks plunging. “You folks have done a very great job over the years but we have to get the prices down.”