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Pfizer Said It's Postponing Drug Price Increases After Meeting With Trump

BuzzFeed
Pfizer Said It's Postponing Drug Price Increases After Meeting With Trump

The announcement came one day after Trump slammed drugmakers on Twitter, saying they "should be ashamed" for raising prices "for no reason." Pharmaceutical giant Pfizer said Tuesday that it is deferring recent drug price increases until the end of the year after an "extensive discussion" between the company's CEO, President Trump, and Health and Human Services Secretary Alex Azar. The announcement came after Trump tweeted Tuesday that he had met with Pfizer CEO Ian Read to discuss his "drug pricing blueprint" — his plan to fulfill a campaign promise to lower drug prices across the board — and that the company would reverse the recent price hikes as a result. Pfizer confirmed the meeting in a