Trump announces new Pfizer deal to slash drug prices for Americans

On Tuesday, president Donald Trump announced a drug pricing deal with Pfizer, which will witness the drug giant reduces the cost of its drugs to the Americans.

Trump issued the announcement of the White House Oval Office, saying that Pfizer had committed to providing prescription medications to Medicaid at the prices of the most preferred nation. “

“Pfizer agrees to provide some of the most popular drugs for all consumers at significantly reduced prices ranging from 50 % to 100 %. This is outside, this is outside the price. In some cases, more than that. “

The President added that the United States “is supported by health care for the rest of the world.”

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Trump said that the drugs will be available for direct online purchase on a website run by the federal government.

President Donald Trump shakes his hands with the CEO of Pfizer Albert Burla, announcing a deal with Pfizer to reduce the prices of medical drugs at the White House Oval Office on September 30, 2025, in Washington, DC. (Win McNamee / Getty Images / Getty Images)

Chris Klumb, Director of Medicare and Advisor to the Minister of Health and Humanitarian Services, Robert Kennedy Junior, MEDICARE Director and Adviser to the Minister of Health and Humanitarian Services, Robert Kennedy Junior, said the website is called Trumprx and will be launched soon.

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Trump has also announced that Pfizer will invest $ 70 billion in manufacturing facilities to produce its drugs in the United States under the conditions of the deal. Pfizer will get a three -year grace period as it will not be subject to tariffs as long as it transmits the production of its products to American beaches.

Pfizer Albert Burla, CEO of Pfizer, said that America is the “Great Winner” under the Trump deal. (Kena Betancur / Viewpress, File / Getty Images)

The CEO of Pfizer Albert Burla described it as a historic day “reflects an unfair situation” that has been afflicted with consumers for years.

“It is clear that the great winner of this deal will be the American place,” said Burla. “There is no doubt about it. They are the ones who will have a great effect on their ability to buy medicines.”

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Trump said his administration is working with other pharmaceutical companies to secure similar agreements.