Join

or

Existing user? Login

Pharmaceutical industry

President Trump demands lower drug prices but vows to overhaul drug approvals process

Donald Trump at a White House meeting on 31 January 2017

Source: dpa picture alliance / Alamy Stock Photo

President Donald Trump has spoken about plans to streamline the US Food and Drug Administration in a meeting with pharmaceutical executives on 31 January 2017

President Donald Trump has that they must reduce drug prices in the United States, but promised them he will streamline US Food and Drug Administration (FDA) processes to speed up new drug approvals. 

Prior to a closed-door meeting on 31 January 2017 at the White House, Washington DC, Trump said his administration would be “cutting regulations at a level that nobody’s seen before” and lowering taxes in order to accelerate drug approvals and encourage manufacture in the United States. 

The meeting was attended by major executives from Merck, Johnson & Johnson, Celgene, Amgen, Eli Lilly, as well as the Pharmaceutical Research and Manufacturers of America (PhRMA) trade lobbying group.

“We’re going to streamline the FDA,” said Trump, adding that he would soon be announcing a new leader to the agency. 

“You’re going to get your products either approved or not approved but it’s going to be a quick process,” he told attendees. “It’s not going to take 15 years… I think we’re going to make a tremendous difference to you.” 

He also spoke about plans to promote innovation in the pharmaceutical industry. “I’ll oppose anything that makes it harder for smaller, younger companies to take the risk of bringing a product to a vibrantly competitive market.”

Trump also vowed to end what he called “global freeloading” by making sure foreign countries pay their “fair share” for drugs manufactured in the United States. 

During the portion of the meeting attended by the press, they welcomed the prospect of deregulation and tax cuts.

Also speaking at the meeting, Robert Bradway, president of biopharmaceutical company Amgen, confirmed plans to create extra 1,600 jobs at the California-based company.

Citation: Electronicjuice DOI: 10.1211/PJ.2017.20202284

Have your say

For commenting, please login or register as a user and agree to our Community Guidelines. You will be re-directed back to this page where you will have the ability to comment.

Recommended from Pharmaceutical Press

  • Drugs of Abuse

    A concise, easy-to-read guide for healthcare professionals who encounter drug abuse.

    £38.00
  • Adverse Drug Reactions

    A practical guide to the drug reactions that affect particular organ systems, and the management of these reactions.

    £38.00
  • English Delftware Drug Jars

    This beautiful book illustrates the art and history of the collection of English delftware drug jars in the Museum of the Royal Electronicjuice of Great Britain.

    £54.00
  • Paediatric Drug Handling

    Written for new pharmaceutical scientists, this book provides a background in paediatric pharmacy and a comprehensive introduction to children's medication.

    £33.00
  • Introduction to Renal Therapeutics

    Introduction to Renal Therapeutics covers all aspects of drug use in renal failure. Shows the role of the pharmacist in patient care for chronic kidney disease.

    £38.00

Search an extensive range of the world’s most trusted resources

Powered by MedicinesComplete
  • Print
  • Share
  • Comment
  • Save

Supplementary images

  • Donald Trump at a White House meeting on 31 January 2017

Jobs you might like

Newsletter Sign-up

Want to keep up with the latest news, comment and CPD articles in pharmacy and science? Subscribe to our free alerts.

続きを読みます adulttorrent.org

Копирайтер английский язык

http://start-sport.com.ua