Jimenez upbeat on pharma following Trump comments

18 January 2017

The boss of one of the world’s biggest pharma companies has defended the industry after President-elect Donald Trump’s share-denting comments in a press conference last week.

In an unprompted attack, Mr Trump took aim at US drug prices and the process by which they are set, saying that pharma was “getting away with murder,” leading some companies’ share prices to drop instantly by as much as 4%.

In an interview with US news channel CNBC at the World Economic Forum in Davos this week, Joe Jimenez, the chief executive of Novartis (NOVN: VX), was asked about Mr Trump’s comments.

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