As Trump fingers pharma on drug prices, execs step up with the latest vows of self discipline
Just as Donald Trump was ripping the lid off a can of whup-ass and pouring it all over the biopharma industry, AbbVie’s chief was stepping up to follow Allergan CEO Brent Saunders’ lead on capping annual drug price increases.
In a talk at the J.P. Morgan conference, AbbVie CEO Richard Gonzalez pledged to keep the company’s annual price hikes on its drug portfolio to single digits, in line with Saunders promise to keep Allergan’s increases to single digits. And Novo Nordisk has already followed up with its commitment to do the same, marking a major shift in the way the industry handles drug prices after years of swift spikes.
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