Feb 19 (Reuters) - U.S. President Donald Trump will meet
on Thursday with chief executives from major drugmakers, a White
House official confirmed to Reuters on Wednesday, as the
industry tries to win government support for drug pricing and
insurance changes.
The meeting is expected to cover topics including Medicare
drug price negotiations, the role of pharmacy benefit managers,
and tariffs on pharmaceutical products, according to an industry
source with knowledge of the matter.
The White House did not say who would be attending, but
Bloomberg reported on Tuesday that the meeting will include
Stephen Ubl, head of Pharmaceutical Research and Manufacturers
of America, the main lobby group for drugmakers.
Drugmakers, which are grappling with a wild card from Trump
of a possible 25% tariff on pharmaceutical imports, have been
exploring the possibility of government-granted exemptions for
medicines to import duties.
Republican U.S. House of Representatives Speaker Mike
Johnson said last week that he believed Trump was considering
exemptions to reciprocal tariffs that include the automobile and
pharmaceutical industries.
Drugmakers have been hoping to change a Biden-era law that
allows Medicare, the government health plan for Americans aged
65 and up, to negotiate prices for its costliest medicines,
including Novo Nordisk's popular weight-loss drug
Wegovy.
The industry is also pushing for curbs on the rebates they
pay pharmacy benefit managers, which act as middlemen between
drug companies and consumers, in exchange for favorable
placement on insurer coverage lists. They argue that these
rebates contribute to the high price of prescription drugs.
Trump previously met with Ubl and chief executives of U.S.
drugmakers Pfizer ( PFE ) and Eli Lilly ( LLY ) at his
Mar-a-Lago estate in Florida in December, according to reports.