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Filtering by entity: Mr. Daniel O'Day | Clear Filter
Summary:The post is a letter from the White House, dated July 31, 2025, to Gilead Sciences, Inc., demanding that the company and all drug manufacturers adopt 'Most-Favored-Nation' (MFN) drug pricing for American patients, extending it to Medicaid, new drugs, and direct purchasing, and repatriating revenues from abroad to lower U.S. drug prices, or face consequences from the Administration.
Sentiment:Directive
Key Claims:
- An Executive Order was signed on May 12, 2025, to ensure Americans pay the same drug prices as other developed nations.
- Brand name drug prices in the U.S. are up to three times higher than elsewhere for identical medicines.
- Current proposals from the industry involve 'shifting blame' and 'handouts.'
- Drug manufacturers must commit to providing immediate relief from inflated drug prices.
- Gilead Sciences, Inc., and all manufacturers are called upon to extend MFN pricing to existing Medicaid drugs.
- Manufacturers must guarantee MFN pricing for newly-launched drugs for Medicare, Medicaid, and commercial payers.
- Increased revenues from abroad must be repatriated to lower U.S. drug prices.
- Manufacturers should participate in direct-to-consumer/business distribution models for MFN pricing.
- Secretary Kennedy and Administrator Oz are ready to implement these terms.
- The Administration will deploy 'every tool in our arsenal' if drug manufacturers refuse to comply.
- Other nations have been 'freeloading' on U.S. innovation.
- Binding commitments are expected by September 29, 2025.
Potential Market Impact (S&P 500):7/10
Potential Geopolitical Risk:0/10
Potential Global Cross-Asset Impact:7/10
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