{"id":2824,"date":"2018-07-03T16:10:00","date_gmt":"2018-07-03T16:10:00","guid":{"rendered":"http:\/\/democrats.org\/blog\/2018\/07\/03\/despite-trumps-promises-drug-companies-announce-new-price-increases\/"},"modified":"2018-07-03T16:10:00","modified_gmt":"2018-07-03T16:10:00","slug":"despite-trumps-promises-drug-companies-announce-new-price-increases","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/despite-trumps-promises-drug-companies-announce-new-price-increases\/","title":{"rendered":"Despite Trump\u2019s Promises, Drug Companies Announce New Price Increases"},"content":{"rendered":"

A little over a month ago, Trump promised that pharmaceutical companies would announce “massive” cuts in drug prices in two weeks as a result of his drug plan. Drug prices haven’t dropped as Trump promised, and instead, many drug companies just announced new price increases.<\/span><\/p>\n

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FIVE WEEKS AGO:<\/span> Trump promised that pharmaceutical companies would announce “voluntary massive” cuts in drug prices in two weeks.<\/p>\n

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Bloomberg<\/a><\/span>: “Major pharmaceutical companies will announce ‘voluntary, massive’ cuts in drug prices in two weeks, President Donald Trump said Wednesday, without providing details.”<\/p>\n

 <\/p>\n

NOW:<\/span>  Many pharmaceutical companies announced new drug price increases, despite Trump’s promises that prices would come down.<\/p>\n

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Financial Times<\/a><\/span>: “Pfizer has raised the prices of 100 products just weeks after US president Donald Trump claimed the pharmaceuticals industry was about to implement 'massive' voluntary reductions.”<\/p>\n

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CNBC’s Meg Tirrell<\/a><\/span>: “In today's drug price increases: $SGEN raises Adcetris 3.9% to $7,375\/vial, per SunTrust, which points out 2x\/yr 3.9% increases since 2012 $REGN & $SNY raise Dupixent U.S. price 3% to $2,932 per 2-syringe pkg, also per SunTrust, citing Wolters Kluwer PriceRx – drug's 1st increase”<\/p>\n

 <\/p>\n

Axios<\/a><\/span>: “Several other companies followed suit with large and small increases, others in the industry tell Axios.”<\/p>\n","protected":false},"excerpt":{"rendered":"

A little over a month ago, Trump promised that pharmaceutical companies would announce “massive” cuts in drug prices in two weeks as a result of his drug plan. Drug prices haven’t dropped as Trump promised, and instead, many drug companies just announced new price increases.   FIVE WEEKS AGO: Trump promised that pharmaceutical companies would <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2824","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nDespite Trump\u2019s Promises, Drug Companies Announce New Price Increases - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/despite-trumps-promises-drug-companies-announce-new-price-increases\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-03T16:10:00+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/despite-trumps-promises-drug-companies-announce-new-price-increases\/\",\"url\":\"https:\/\/democrats.org\/news\/despite-trumps-promises-drug-companies-announce-new-price-increases\/\",\"name\":\"Despite Trump\u2019s Promises, Drug Companies Announce New Price Increases - 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