President Trump signed an Executive Order to implement a "Most Favored Nation (MFN)" drug pricing approach, aiming to lower U.S. prescription drug costs by tying prices to those in similarly developed countries.
The MFN Executive Order has the broadest and strictest scope compared to previous attempts at implementing International Reference Pricing-based methodology.
President Trump’s latest attempt at implementing International Reference Pricing-based methodology to regulate drug prices in the US has the broadest and strictest scope.
The article provides an overview of the MFN Executive Order, initial industry response, and hypothesizes its implications on global pricing and market access.
President Trump's MFN policy aims to lower US drug prices by referencing international prices.