If anyone was wondering what Trump would tell Pharma CEOs in an ad hoc meeting scheduled for 9 am today, here is the answer:
- TRUMP TO DRUG CEOS: YOU HAVE TO GET PRICES DOWN
- TRUMP ON MEDICARE, MEDICAID WE NEED PRICES WAY DOWN. PRICING HAS BEEN ASTRONOMICAL
- TRUMP SAYS NEED TO MAKE DRUG PRODUCTS IN THE US
- TRUMP WILL OPPOSE REGS FOR SMALLER COMPANIES
And of secondary importance:
- TRUMP: GOING TO ANNOUNCE `FANTASTIC PERSON’ FOR FDA SOON
The result: the Nasdaq biotech index is down -0.7% to open and likely going lower if Trump indeed plans to micromanage pharma P&Ls.
via http://ift.tt/2jQgcoT Tyler Durden