Merck joins pharma giants in lowering drug prices
The latest pharma giant to bow to Trump’s pressure on drug price is Merck (MRK). The company announced on Thursday that it would lower price on at least six of its drug in the US by 10% or more. https://news.alphastreet.com/merck-joins-pharma-g…
I don't think that Trump's tweets move an entire industry especially since those comapnies already put a 200-300% premium so lowering them by 10% won't make a huge difference. The pressure in the US comes from insurance companies and payers and since pharma companies know many consumers can't pay out of pocket, they have to work with payers to make it work.
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