President Trump is now applauding Pfizer for agreeing to reverse or postpone drug price hikes, a day after he pressured the pharmaceutical giant in a scathing tweet.
He posted a tweet Tuesday evening saying he has spoken with both Health and Human Services Secretary Alex Azar and Pfizer Chairman and Chief Executive Officer Ian Read about the price increases. Trump praised Pfizer for “rolling back price hikes, so American patients don’t pay more,” saying he “hopes other companies do the same.”
In a statement, the company confirmed the conversation, calling it extensive. Pfizer said it will return prices on dozens of the company’s drugs to where they were before July 1 “as soon as technically possible.”
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