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Trump announces TrumpRX website to lower prescription drug costs
Summary
President Trump announced a TrumpRX website that lists medicines from companies that agreed to Most Favored Nation pricing, and the site shows U.S.-to-Canada price comparisons including an example for the fertility drug Gonal-F.
Content
President Trump announced a website called TrumpRX at a White House event and said it will lower prescription drug costs. He described the listings as limited to medicines from companies that agreed to Most Favored Nation pricing after months of negotiations and threats of tariffs on pharmaceutical companies. The site provides comparisons between U.S. prices and prices for the same drugs in Canada. Officials cited the fertility injection Gonal-F as an example of the price difference between the two countries.
Known details:
- The administration presented the TrumpRX website as containing only medicines from companies that agreed to Most Favored Nation pricing following negotiations.
- Officials linked the discounts shown on the site to prior threats of tariffs on pharmaceutical companies.
- The website displays U.S.-to-Canada price comparisons; the cited example lists Gonal-F at US$1,449 in the United States and US$355 in Canada.
- Medicare and Medicaid Services Administrator Dr. Mehmet Oz commented on fertility challenges, saying one in three families is having trouble having a baby.
Summary:
The announcement frames the TrumpRX site as a catalog of negotiated drug prices with international price comparisons and links discounts to Most Favored Nation agreements. Undetermined at this time.
