The Trump Administration's Latest Drug Pricing Initiatives

Law360 (January 14, 2019, 3:38 PM EST) -- Donald Trump’s election in 2016 placed pharmaceutical companies in uncharted territory. Unlike predecessors from both major political parties, Trump did not shy away from directly criticizing the industry. Whether better seen as creating, or capitalizing on, widespread dissatisfaction with drug prices, President-elect Trump claimed that pharmaceutical companies were “getting away with murder” and promised to take action upon entering office.[1] He went so far as to support the highly controversial idea of allowing the federal government to directly negotiate drug prices with the manufacturers.[2]

After the first year of the Trump administration, industry likely breathed a sigh of relief. While the...

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