July 19, 2018 / 10:34 AM / a month ago

Trump thanks Novartis, Pfizer for not raising drug prices

WASHINGTON (Reuters) - U.S. President Donald Trump on Thursday thanked two major drug companies for not raising their prices and said his administration was working toward “substantially” cutting prescription-drug prices.

FILE PHOTO: U.S. President Donald Trump walks from Marine One as he arrives on the South Lawn of the White House in Washington, U.S., July 18, 2018. REUTERS/Joshua Roberts

“Thank you to Novartis for not increasing your prices on prescription drugs. Likewise to Pfizer. We are making a big push to actually reduce the prices, maybe substantially, on prescription drugs,” Trump said in a tweet.

Reporting by Lisa Lambert; Editing by Alison Williams

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