Pfizer Inc. will announce plans to lower prescription drug prices at an event Tuesday alongside President Donald Trump, according to multiple White House officials.
The drug company is expected to announce across-the-board reductions on US prices, with Americans enrolled in the US Medicaid insurance program receiving “most favored nation” pricing on some Pfizer medicines, one of the officials said. Trump has repeatedly pressured companies to bring their US prices into line with what foreign purchasers pay for the medicine.