WASHINGTON — Last week, it was a left-wing political group taking Pfizer to task for hiking prices on dozens of drugs. On Monday, it was the president, who accused the company of arbitrarily hiking prices and taking advantage of Americans struggling to afford prescription medicines.
“Pfizer & others should be ashamed that they have raised drug prices for no reason,” President Trump tweeted. “They are merely taking advantage of the poor & others unable to defend themselves, while at the same time giving bargain basement prices to other countries in Europe & elsewhere. We will respond!”
Trump had promised “massive, voluntary drops” in drug prices in late May, only to watch one of the largest U.S. pharmaceutical manufacturers follow through with midyear price adjustments, many of which were announced in recent weeks. Pfizer recently raised list prices for 41 drugs — the vast majority by 9 percent or more — and lowered prices for five.
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