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Pfizer
Inc.
said on Tuesday that it would "postpone" some recent increases in drug prices, reversing the price after the president
Donald Trump
The New York pharmacist, one of the world's largest pharmaceutical companies by sales, was criticized by President Trump and others after raising prices for more than 40 drugs the week last.
Executive
Ian Read
has spoken with President Trump and Secretary of Health and Social Services
Alex Azar.
"The company will make these prices at their levels before July 1 as soon as technically possible," Pfizer said. He added that the restored levels "will remain in effect" until the President has the opportunity to implement his plan to reduce high drug prices or the end of the year. , whichever comes first.
Trump was the first to announce the move in a tweet. "We congratulate Pfizer on this decision and hope that other companies will do the same," wrote Trump
. Azar, asked about President Trump's tweet in an interview with CNN, said Trump "is passionately worried" about falling drug prices and applauded Pfizer's decision, but did not give more details
in opening hours after tuesday.
Writing to Jonathan D. Rockoff to [email protected]
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