Lexology December 23, 2025
Since our last update, the Trump administration has continued to pressure pharmaceutical manufacturers to reduce U.S. drug costs. The Trump administration has secured additional deals with pharmaceutical manufacturers, rounding out 2025 by announcing drug pricing agreements with Amgen, Bristol Myers Squibb, Boehringer Ingelheim, Genentech, Gilead Sciences, GSK, Merck, Novartis, and Sanofi. These nine new pricing deals add to the growing list of manufacturers willing to agree to the terms set forth in President Trump’s July 31st letters, which already include Pfizer, AstraZeneca, EMD Serono, Novo Nordisk and Eli Lilly.
Nine New Manufacturer Deals to Reshape Drug Pricing
The nine manufacturer agreements announced on December 19, 2025, follow in the footsteps of predecessor deals, with each manufacturer agreeing to reduce, or...







