Trump criticizes Pfizer following price increase

President Donald Trump during his presidential campaign said drugmakers were “getting away with murder.” | Getty

Trump criticizes Pfizer following price increase

President Donald Trump on Monday launched a new attack on the pharmaceutical industry, singling out drug giant Pfizer for raising the price of medicines.

“Pfizer & others should be ashamed that they have raised drug prices for no reason,” Trump posted on Twitter. “They are merely taking advantage of the poor & others unable to defend themselves, while at the same time giving bargain basement prices to other countries in Europe & elsewhere. We will respond!”

Trump’s tweet comes six weeks after he announced that drugmakers would voluntarily offer “massive” price cuts, a pronouncement that took the industry by surprise.

Pfizer, one of the nation’s largest drugmakers, increased prices last week on 41 products, including Viagra. Several other manufacturers have increased prices as well, despite pressure from the White House.

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