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  • U.S. executive order on drug price cuts raises hope
  • by Kim, Jin-Gu | translator Alice Kang | May 14, 2025 06:10am
Domestic pharmaceutical industry expresses ¡®more hope than concern about U.S. executive order on drug price cuts
U.S. President Trump signs executive order on ¡°most favored nation status¡± for drug prices... ¡°Up to 90% price cuts¡±
Improvements in distribution structure and reductions of high-priced drugs... Domestic biosimilars by companies such as Samsung Biologics and Celltrion are expected to benefit
Every administration had attempted to lower drug prices... its impact on the domestic pharmaceutical industry will be minimal.

U.S. President Donald Trump has signed an executive order to significantly reduce drug prices in the United States. This measure, which focuses on significantly reducing U.S. drug prices in line with overseas prices, is expected to have a positive effect on domestic biosimilars. However, some predict that the expected effects of this executive order will not be sufficient and that there will be no significant impact.

Trump signs executive order to lower drug prices in the US... ¡°Up to 90% reduction¡±

According to local media reports on the 13th, President Trump signed an executive order on the 12th (local time) to lower the prices of prescription drugs in the US to the same level as other countries. T
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