Is Trump’s MFN pricing order more bark than bite?

The Top Line

Following a barrage of letters from President Donald Trump urging 17 large pharmaceutical companies to implement Most Favored Nation drug pricing reforms in the U.S., analysts and industry watchers are questioning how far the president’s authority extends, while several drugmakers have signaled a willingness to negotiate.

In this week’s episode of "The Top Line," we break down the latest Most Favored Nation pricing pressures in the U.S., how companies are responding and which facets of the proposal might fall short of Trump’s goals. Fierce Pharma’s Eric Sagonowsky and Fraiser Kansteiner discuss the current state of those reform efforts and past attempts to rein in U.S. drug costs, followed by a brief discussion on tariffs.

To learn more about the topics in this episode:

• Pfizer CEO touts 'extremely productive' talks with Trump administration as MFN pricing, tariff threats close in
• White House threatens to 'deploy every tool in our arsenal' to implement most-favored-nation drug pricing
• All branded drugs not facing generic, biosimilar competition must abide by MFN order in 'all markets,' HHS tells pharma
• Trump ups the ante on pharma tariffs, saying they will reach 250%

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