financetom
Business
financetom
/
Business
/
Trump Administration Engages Pharmacies, GoodRx For TrumpRx Launch
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Trump Administration Engages Pharmacies, GoodRx For TrumpRx Launch
Oct 9, 2025 12:30 PM

Prescription savings platform GoodRx ( GDRX ) Holdings Inc. is reportedly joining the so-called TrumpRx website, signaling an initiative expansion beyond pharmaceutical manufacturers' direct discount programs.

The discussions follow Pfizer Inc ( PFE )‘s agreement with the Trump Administration to ensure U.S. patients pay lower prices for their prescription medicines.

The administration is now hyping TrumpRx as a tool to help consumers access medications at lower prices, though, its real-world value remains unclear.

The site is set to launch next year.

Also Read: Ozempic And Wegovy Now Available Through GoodRx At Reduced Self-Pay Price, Stock Skyrockets

Wendy Barnes, CEO of GoodRx ( GDRX ), told Reuters that the administration recognizes that to make TrumpRx effective, it must include pharmaceutical company discount programs and competitive retail pharmacy pricing.

Representatives from the National Community Pharmacists Association (NCPA) and the National Association of Chain Drug Stores (NACDS), which represent chains such as Walgreens and Costco , confirmed ongoing discussions with officials.

Some manufacturer-run portals allow insurance use, while others only accept cash payments. According to ING Group, if all branded medications were available directly from manufacturers, consumers could save around $1.9 billion across the $590 billion U.S. pharmaceutical market.

Recently, AstraZeneca Plc ( AZN ) launched AstraZeneca Direct for patients to have access to Airsupra (albuterol/budesonide) or Farxiga (dapaglifozin) directly for a cash price up to 70% off the list price.

Most recently, Amgen Inc. ( AMGN ) launched AmgenNow, a new direct-to-patient program starting with Repatha (evolucumab).

However, pharmacy groups argue that equal access to these discounts is crucial. Douglas Hoey, CEO of the NCPA, says drugmaker discounts through TrumpRx should also be available in pharmacies to ensure patients don't have to "chase a discount."

For uninsured Americans who can afford cash payments, manufacturer-run portals could offer an alternative path to access medications. But pharmaceutical companies say they will maintain patient assistance programs providing free or reduced-cost drugs for those unable to pay.

Price Action: GDRX stock is up 12.07% at $4.92 at the last check on Thursday.

Read Next:

Rocket Lab (RKLB) Stock Hits A New All-Time High: What’s Going On?

Image: Shutterstock

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
VW CEO: Chinese automakers should be allowed to avert tariffs by investing in EU
VW CEO: Chinese automakers should be allowed to avert tariffs by investing in EU
Oct 5, 2024
FRANKFURT (Reuters) - The CEO of German carmaker Volkswagen said the European Union should consider adjusting planned tariffs against China-made electric vehicles to make allowances for investments made in Europe. Instead of punitive tariffs this should be about mutually giving credit for investments. Those who invest, create jobs and work with local companies should benefit when it comes to tariffs,...
Trump appears before large crowd at site of assassination attempt in Pennsylvania
Trump appears before large crowd at site of assassination attempt in Pennsylvania
Oct 5, 2024
* Trump narrowly escaped assassination attempts in July and September * Republican officials hope rally will boost support in Pennsylvania * Secret Service faced criticism and made security enhancements (New throughout, adds Trump rally begins) By Steve Holland BUTLER, Pennsylvania, Oct 5 (Reuters) - Republican presidential candidate Donald Trump on Saturday returned to the rural Pennsylvania site where he was...
US ships Marburg vaccines to Rwanda after 11 die in outbreak
US ships Marburg vaccines to Rwanda after 11 die in outbreak
Oct 5, 2024
KIGALI, Oct 5 (Reuters) - The United States government completed an initial shipment of vaccine doses and therapeutic drugs for Marburg disease to Rwanda on Oct. 4, Thierry Roels, U.S. CDC Country Director in Rwanda told Reuters on Saturday. The U.S. government is also working closely with international partners and Rwanda's ministry of health on the start of clinical trials...
China-focused hedge funds post explosive September returns
China-focused hedge funds post explosive September returns
Oct 5, 2024
(Corrects table description to 'Asia Hedge Funds', not 'Fund, adds 'in Asia' in paragraph 10) * Triata Capital posted 44% return in September, driven by investments in data centres and internet giants * Yunqi Capital's China Fund gained 26% due to bets on internet and fintech firms * Goldman Sachs ( GS ) estimates China-focused hedge funds had best weekly...
Copyright 2023-2026 - www.financetom.com All Rights Reserved