Pharma shares suffer on Trump's Medicare drug price pledge

26 October 2018

Roche (ROG: SIX) was one of the worst hit by pledges made by US President Donald Trump on Medicare drug prices on Thursday.

The Swiss pharma giant closed 4% down following the proposals for a new Medicare model using the international pricing index (IPI).

Mr Trump and Alex Azar, Secretary for Health and Human Services, unveiled plans that they said would cut down on “foreign freeloading” and reduce US drug prices.

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