President Trump called out Pfizer’s recent price increases on Twitter July 9. Pfizer was one of only four companies that took a second round of price increases in 2018, according to analysts at Morgan Stanley. CEO Read has long defended the industry's pricing practices, even as public criticism of the high drug prices has grown.
President Donald Trump used his Twitter pulpit to call out Pfizer Inc. for raising prices on its marketed drugs, returning to public shaming as a method to get drug makers to curb drug prices.
On July 9, Trump tweeted, "Pfizer & others should be ashamed that they have raised drug prices for no reason....