In another win for Trump, Merck takes the drug pricing pledge. Its cuts are a joke, but is this an industry tipping point?
You can add Merck to the list of pharma giants taking the pledge to either hold off on any price hikes or moving to cut them. And there are growing signs that other majors may soon join the party as at least one top exec reportedly met with President Donald Trump at the White House Thursday.
Following the lead of Pfizer and Novartis, Merck put out a statement Thursday afternoon that it has committed to hold the line on any drug price hikes to the average inflation rate. In addition, they have a special in mind. The company is slashing the price of their hep C combo Zepatier by 60% while also promising a 10% cut on other therapies.
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