Skip to Main Content

In his first public remarks since rescinding price hikes, Pfizer chief executive officer Ian Read predicted the controversial rebates that drug makers pay to pharmacy benefit managers will soon disappear.

“I believe we are going to go to a marketplace where we don’t have rebates,” Read reportedly said during a conference call on Tuesday to discuss Pfizer earnings. “Rebates are going away.”

Unlock this article by subscribing to STAT+ and enjoy your first 30 days free!