Trump: ‘Big Pharma’ Purposely Delayed COVID-19 Vaccine to Prevent My Victory
President cite his new rules pharmaceutical companies
President Donald Trump accused pharmaceutical companies of attempting to prevent his victory over former Vice President Joe Biden.
“Pfizer and others even decided to not assess the results of their vaccine, in other words, not come out with a vaccine, until just after the election,” Trump said.
Trump said the companies purposely delayed the vaccine results while noting they planned to assess the data as early as October but postponed it.
“So they waited and waited and waited, and they thought they’d come out with it a few days after the election, and it would have probably had an impact, who knows, maybe it wouldn’t have,” Trump said.
“I’m sure they would have found the ballots someplace … the Democrats.”
The President added that “Big Pharma” was opposed to his re-election because he implemented new rules to reduce the cost of prescription drugs.
In July, Trump signed a number of executive orders to limit prescription drugs' costs, slashing the price of many much-needed medicines.
Trump Signs Executive Orders to Slash Prescription Drug Costs— Neon Nettle (@NeonNettle) July 26, 2020
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Trump moved on his own to allow imports of cheaper medicines and cut costs of American pharmaceuticals.
"Nothing like this has ever been done before because Big Pharma, with its vast power, would not let it happen," Trump said on Twitter at the time.
"Expensive Insulin went from big dollars to virtual pennies."
Trump said big pharma ran millions of dollars of ads against his campaign due to drug costs reduction.
“We had Big Pharma against us; we had the media against us; we had Big Tech against us. We had a lot of dishonesty against us,” Trump said.
One of Trump's rules would force companies to let Medicare pay the same “favored nation” price as the low prices in other countries.
Pharmaceutical companies would also be required to cut out the middlemen on rebates and discounted drugs, while Medicare patients collect savings.
The new rules would save the American taxpayers and beneficiaries more than $85 billion over seven years.