"The President and his Administration look forward to continuing its work with Pfizer and other pharmaceutical companies to reform the policies that are driving up prescription drug prices for all Americans", said Hogan Gidley, deputy White House press secretary.
Vasant Narasimhan, Novartis' CEO, addressed journalists saying that the company made the decision to "withdraw any further price increases" and also made a commitment "not to take any further price increases for the remainder of 2018".
However the price cut may also be motivated by the increasingly competitive hepatitis C drug market - sales of Zepatier slumped in the last quarter. In 2017, Merck issued its second annual Pricing Action Transparency Report, which showed that net prices across Merck's US product portfolio declined by 1.9 percent.
Trump has pressured drug companies to keep prices low, and met with Pfizer after it announced price increases for more than 100 drugs. "We thought that was prudent, given the dynamic environment we're now in", he said.
Fox News Medical A Team's Dr. Marc Siegel on how pharmaceutical giant Pfizer agreed to postpone drug price hikes after President Trump attacked the company on Twitter.
Pfizer's July 1 hike was already its second this year after it raised prices on 41 drugs in January, according to Wells Fargo analyst David Maris, FiercePharma reported. The company will drop the price of Zepatier, a Hepatitis C drug, by 60%, and decrease the costs of "several other" drugs by 10%.
However, his administration did little until May, when it rolled out its 44-page "blueprint" for increasing competition, reducing regulations and changing the incentives for all players in the drug industry.
Amid scrutiny over big pharma drug pricing, Merck said on Thursday it would lower the price of some of its medications.
In May, the Trump administration outlined a plan for lower prices, but critics have said it did not go far enough. In a 65 percent decline from previous year, Zepatier brought in $131 million in global sales in the first quarter of 2018.
Following the release of a new trailer for the film, cast members were asked what they would do if they could use a magic spell. The new trailer kicks off with a young Newt Scamander (Joshua Shea) confessing to Professor Dumbledore that he's scared.
In Moscow, Russia officials said they are ready to talk details in the wake of Trump's invitation to Putin to visit Washington. During the panel, Coats said he was still not sure what was discussed at Trump and Putin's one-on-one meeting in Helsinki.
Powell's plan to continue gradually raising short-term rates was undermining the administration's efforts to spur economic growth. US President Donald Trump said he is willing to hit all Chinese goods imported to the United States with tariffs if necessary.
Malheureusement, ils réalisent que les nazis font des expériences avec des forces surnaturelles pour mieux les combattre. Un groupe de parachutiste américains doit être déployé juste derrière les lignes ennemies, mais ils se font canarder.
Les victimes présumées des violences commises par Alexandre Benalla ont été identifiées, révèle franceinfo samedi. Il portait un casque de moto et un brassard de la police, alors qu'il n'avait qu'un statut d'observateur.
Zachary Levi , (Chuck), stars as the superhero version of Shazam , who is literally a boy inside a man's body. Levi points out that it's not often that you see hero discovering his powers and actually having fun with it.
A gauche d'Alexandre Benalla , Philippe Mizerski, le policier chargé "d'encadrer" le collaborateur de l'Elysée . Benalla: mise à pied deux semaines sans versement de salaire et changement d'affectation.
Ils appartiennent à la puissante Direction de l'ordre public et de la circulation (DOPC), de la préfecture de police de Paris. Tous deux ont été placés en garde à vue notamment pour violences et usurpation de fonction .
En effet, avoir mille et une tâches à accomplir à la fois, ça peut avoir des effets négatifs. En effet, les travailleurs effectuent les tâches beaucoup plus rapidement tout en conservant leur qualité de vie.
North Korea, Eritrea Have Highest Rates of Modern Slavery
However, the most critical step to avoid complicity with modern slavery is for importing countries to examine supply chains. A total of 40.3 million people globally live under the conditions of modern slavery , according to the report.
Jordan Spieth drives first hole for eagle at The Open
Twelve players were separated by four shots, a group that includes Rory McIlroy , Tommy Fleetwood and Zach Johnson. Tiger Woods of the USA watches his putt on the 18th hole during the third round of the British Open at Carnoustie.
British man found guilty of plot to kill prime minister
He had collected what he thought was an explosives-packed rucksack when he was arrested in Kensington last November 28. Mr Justice Haddon-Cave told Rahman that when he returns to court on 31 August he should expect a lengthy sentence.