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Trump slams Pfizer after July 1 drug price hikes

Reuters  |  NEW YORK/WASHINGTON 

By Michael Erman and Susan HeaveyNEW YORK/WASHINGTON (Reuters) - U.S. President Donald Trump on Monday took aim at Pfizer Inc and other U.S. drugmakers after they raised prices on some of their medicines on July 1, saying his administration would act in response."Pfizer & others should be ashamed that they have raised drug prices for no reason." Trump wrote in a post on Twitter on Monday. "We will respond!"Health and Human Services Secretary Alex Azar followed up with his own tweet saying that drugmakers who have raised prices have created a tipping point in U.S. drug pricing policy."Change ...

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First Published: Tue, July 10 2018. 05:19 IST
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