US EditionAbbVie to cut drug prices, pledges $100 billion for research
AbbVie commits $100 billion in U.S. research and manufacturing in exchange for tariff exemption and to lower drug prices under Trump administration's Most Favored Nation pricing plan.
- On Monday, the Trump administration finalized a Most Favored Nation pricing deal with AbbVie to cut costs of certain medicines, announcing a voluntary pact to advance access and affordability.
- President Donald Trump has promoted the Most Favored Nation initiative and a TrumpRx online platform to push drugmakers to sell cheaper drugs and avoid tariffs through U.S. manufacturing commitments.
- Under the pact, AbbVie will offer drugs to Medicaid and sell some directly at Most Favored Nation or deep-discounted prices, expanding TrumpRx offerings to include HUMIRA, ALPHAGAN, COMBIGAN, and SYNTHROID.
- $100 billion in commitments will include U.S. research, development and capital investments over the next decade, and AbbVie will receive a three-year exemption from tariffs and relief from future pricing mandates.
- Despite the announcement, terms confidential limit scrutiny as observers say the deals cover few drugs and the impact on Americans' budgets and Medicaid remains unclear.
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AbbVie to cut drug prices, pledges $100 billion for research
AbbVie said on Monday that it has struck a three-year deal with U.S. President Donald Trump's administration to reduce drug prices, and has pledged $100 billion over the next decade for research and development in the country.
Trump administration strikes deal with AbbVie to cut costs of certain drugs
The Trump administration has finalized a deal with drugmaker AbbVie to cut the cost of certain medicines, marking the latest pact as part of its “Most Favored Nation” pricing initiative.
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