Trump nukes biopharma, and the fallout is radioactive
Endpoints assesses the big biopharma stories of the week, with a little added commentary on what they mean for the industry.
The cheap shot heard around the biopharma world
Make no mistake, Donald Trump dropped a nuke on JP Morgan in more ways than one when he suddenly went off on an unscripted tangent in his press conference and slimed the biopharma industry for its murderous pricing practices.
We’ve heard some snippets before from Trump as he stoked populist anger over drug prices. There were suggestions about Medicare negotiations and he clearly promised Time that as president he will rein in prices. Essentially promising to use the full force of the federal government to accomplish that, though, was the nightmare scenario that the industry feared was coming.
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