Drug executives hedge on lowering prices

The executives 7 pharmaceutical companies sit at a table in front of the Senate.
Executives from 7 drug companies appear before the Senate. Photo: Win McNamee/Getty Images

Drug companies have cheered the Trump administration's proposed crackdown on industry middlemen, but some hedged this morning when asked whether that plan would cause them to lower their prices.

The big picture: Pharmaceutical executives have stayed firmly on message even amid some tough questioning from the Senate Finance Committee.

Blockbuster drugs are stacking up orphan approvals

Data: FDA and I-MAK; Table: Naema Ahmed/Axios

Some of the best-selling drugs in the U.S. have stacked up extra federal protections that were initially intended to spark research into drugs that couldn’t make money on their own.

Why it matters: Some experts fear that these additional protections could help shield blockbuster drugs from cheaper competitors.

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