BREAKING NEWS

Trump vows to bring down drug prices, doesn't say how

By REUTERS

DECEMBER 8, 2016 02:52

President-elect Donald Trump took aim at drugmakers on Wednesday by promising in a magazine interview that "I'm going to bring down drug prices," sending shares of pharmaceutical and biotechnology companies lower.

In a cover story for Time magazine, which named him its Person of the Year, Trump said: "I don't like what has happened with drug prices."

The Republican US president-elect, a wealthy real estate developer who ran a campaign with a populist appeal, did not state in the interview how he would reduce the cost of prescription drugs. Trump previously has suggested he was open to allowing importation of cheaper medicines from overseas.

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