President Trump announced a drug pricing deal with Regeneron which he claimed is “ the biggest cut in drug prices in the history of our country, by many percentage points.”
“With this announcement, 17 of the world’s largest pharmaceutical companies, representing 80% of the branded drug market, have now agreed to sell their drugs to American patients at the lowest prices anywhere in the world” Trump continued.
“The company will also invest $27 billion to build up research and development and pharmaceutical manufacturing here in America,” Trump also said. (Please double check quotes)
HHS secretary Robert F. Kennedy Jr, commerce secretary Howard Lutnick, Centers for Medicare & Medicaid Services Administrator Dr. Mehmet Oz were the group of people who stood behind the president.