UPDATE 1-Merck lowers prices of some drugs after Trump calls out industry [Reuters]
Merck & Company, Inc. (new) (MRK)
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Source: Reuters
Merck lowers prices of some drugs after Trump calls out industry | Reuters 4 Min Read (Reuters) - Merck & Co on Thursday announced price cuts to some of its medicines, including a 60 percent reduction to a hepatitis C treatment, after U.S. President Donald Trump criticized drugmakers for failing to help reduce healthcare costs for consumers. Amid heightened political scrutiny over the high cost of prescription medicines and promises by Trump that drug price reductions were coming, New Jersey-based Merck became the first major drugmaker to announce voluntary price decreases. In addition to slashing the price of Zepatier, which owns a very small share of the hepatitis market, Merck said it would lower the list price by 10 percent of six other older drugs with minuscule sales. It also said it would not increase the average net price of other medicines in its portfolio of products by more than the inflation rate annually. While that sounds like a substantial commitment, Evercore ISI analy
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- 4/25/24 - Beat
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Sec Filings
- 4/25/24 - Form 8-K
- 4/11/24 - Form ARS
- 4/11/24 - Form DEFA14A
- MRK's page on the SEC website