Trump drug pricing tweet sends pharma stocks down

Shares in Pfizer (NYSE:PFE), Merck (NYSE:MRK) and Amgen (NSDQ:AMGN) fell slightly this morning after President Donald Trump tweeted that he was working on a “new system” to lower drug prices.

“I am working on a new system where there will be competition in the Drug Industry,” he wrote. “Pricing for the American people will come way down!”

PFE and MRK shares were trading down 1.1% this morning, while AMGN shares dropped 1.4%.

Get the full story at our sister site, Drug Delivery Business News.

The post Trump drug pricing tweet sends pharma stocks down appeared first on MassDevice.

from MassDevice http://ift.tt/2lYySkY