President-elect Donald Trump may be TIME magazine’s Person of the Year, but to biopharma investors, Trump may be the Grinch of the Year.
In a recent interview for its annual cover story, which trumpeted Trump as its key person, the President-elect declared that “I’m going to bring down drug prices. I don’t like what’s happened with drug prices.” His comments were included in a story released on Wednesday.
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The only way Trump can really do this is to overturn the Drug Reimportation Act, which the 1500 Pharma lobbyists on K Street will keep congress from doing.