Pfizer doesn’t deserve any credit for ‘rolling back’ its price increases at Trump’s demand. Here’s why – Los Angeles Times

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The “blueprint” mentioned in the announcement is the policy statement Trump issued May 11, setting forth several initiatives and proposals for bringing drug prices down. Most experts in the field faulted the blueprint for neglecting some of the most potentially effective options. Pharmaceutical stocks jumped after the announcement and haven’t looked back: Pfizer has gained 4.2% over the intervening two months and Merck is up by 7.5%. Gilead, the maker of hepatitis C drugs that can cost more than $80,000 per treatment and therefore might be ripe for a price cut, is up 17.2%.

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