Donald Trump, revealed as TIME’s Person of the Year has promised to reduce the price of prescription drugs. He said “I don’t like what is happening with drug prices and I will bring down the cost of prescription drugs. Prescription drug prices have skyrocketed. Valeant Pharmaceuticals, which hiked costs on two heart medications by 300% and 700%, and Mylan’s 548% hike on the price of EpiPens.
Allergan Chief Executive Officer Brent Saunders said at a conference last week that Trump might be more “vicious” than defeated Democratic presidential candidate Hillary Clinton. Saunders, who has argued that industry should police itself, worried that drug companies had a “false sense of relief.”“If our industry can self-regulate on pricing, we can all focus on investing in innovative medicines and cures and move the pricing discussion to the back burner. I think everyone, especially the patient, is better off if that happens,” he said in a statement Wednesday.
Jeffrey Newman represents whistleblowers.