Nine Midsize Drugmakers Join President Trump's Most Favored Nation Drug Pricing Program
Nine midsize biopharma companies have voluntarily agreed to participate in President Trump's Most Favored Nation (MFN) drug pricing program. These companies, including Alcon, Astellas Pharma, BeOne Medicines, BridgeBio, CSL, Kyowa Kirin, Sun Pharma, Teva Pharmaceuticals, and UCB, will join 17 larger pharmaceutical companies that previously signed on, bringing the total to 26 companies representing approximately 89% of the branded drug market. The MFN program aims to lower drug prices in the U.S. to levels comparable to those in other developed countries. According to a White House release, these agreements are expected to reduce prices for medicines treating chronic and rare diseases such as hemophilia, Parkinson’s, glaucoma, and various forms of cancer. In addition to price reductions, the nine new participants have collectively committed at least $19.6 billion in near-term manufacturing investments within the U.S. UCB, Sun Pharma, Astellas, and Teva have also pledged to contribute to the Strategic Active...