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Trump told Pfizer CEO price hikes hurt his drug plan: source

Reuters  |  NEW YORK/WASHINGTON 

By Michael Erman and Yasmeen AbutalebNEW YORK/WASHINGTON (Reuters) - U.S. President Donald Trump called Pfizer Chief Executive Ian Read on Tuesday to say the company's July 1 price hikes had complicated the administration's drug pricing plans, prompting the company to defer its planned increases, according to a source familiar with the matter.Pfizer said on Tuesday it was deferring its drug price increases on around 40 drugs for no more than six months after Read's conversation with Trump.U.S. Health and Human Services secretary Alex Azar called Read previously, and the Pfizer CEO asked to ...

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First Published: Thu, July 12 2018. 01:01 IST
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