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Pharmaceutical industry’s promises to cut drug prices have been heard before

Mar 31, 2018

Prescription drug prices were soaring. Angry policymakers swore they’d take action. Pharma giant Merck responded by promising to address the problem voluntarily, vowing to keep price increases under the overall rate of inflation.

”We believe these moderate increases are a responsible approach, which will help to contain costs,” the CEO said at the annual shareholders meeting.


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