Nine Mid-Size Drugmakers Agree to Cut Prices, Invest $19.6B in U.S. Factories
TEVA Teva- Pharmaceutical Industries Ltd ADR
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- 1President Trump on Monday announced agreements with nine mid-size drugmakers to lower U.S. drug prices
- 2Nine companies including Alcon (ALC) and Teva (TEVA) pledged to price drugs at or below the lowest levels in developed nations and invest at least $19.6 billion in U.S. factories
- 3White House says combined with prior deals, 26 companies now cover 89% of the brand-name drug market, with estimated savings of $600 billion over 10 years
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