President Donald Trump of the United States, has said he would sign an executive order to lower prices of prescription drugs and pharmaceutical products
“Prescription Drug and Pharmaceutical prices will be reduced, almost immediately, by 30 per cent to 80 per cent,” Trump said in a social media post.
They will rise throughout the World in order to equalise and, for the first time in many years, bring fairness to America.
The US president said he would sign the executive order, which he said would be one of the most consequential in U.S. history, at 9 am (1300 GMT) on Monday.
Earlier in the week, Trump had promised an “earth-shattering” announcement.
US media at the time reported the announcement would relate to drug prices.
In the US, there is currently no central government price regulation for drugs applying to all medicines.
The pharmaceutical industry plays the most important role in determining how much a drug costs, and government influence is limited.
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