President Donald Trump listens during an event on health care affordability in the Oval Office at the White House, Thursday, April 23, 2026, in Washington.

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Jasmine Laws

By Jasmine Laws

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President Donald Trump has announced that large pharmaceutical company Regeneron has signed a new and extensive drug pricing agreement, as part of the administration's initiative to lower the cost of drugs for Americans.

Regeneron will cut the price of its cholesterol-lowering treatment Praluent to $225, down from $537, for patients buying on the TrumpRx website, according to a White House fact sheet on the announcement.

It also means that any new medicines manufactured by Regeneron will receive Most Favored Nation (MFN) prices—rates that match drug prices to those in other countries.

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Newsweek has contacted Regeneron outside of regular working hours via email for comment.

Why It Matters

Last July, Trump said he had sent letters to executives at 17 major pharmaceutical companies about lowering the cost of drugs and implementing MFN rates for medications. Sixteen of the deals had been made by the end of January 2026, with this latest deal marking the 17th.

As Americans pay almost three times more for prescription drugs than patients in other wealthy nations, the Trump administration made tackling the cost of many popular drugs one of its key focuses.

President Donald Trump listens during an event on health care affordability in the Oval Office at the White House, Thursday, April 23, 2026, in Washington.

...

The Drugs Regeneron Has In The Pipeline

Per the White House fact sheet on the deal, all new Regeneron medicines will receive MFN prices for U.S. patients. According to the Regeneron database, below are all the drugs in the pipeline, at various clinical stages, that could eventually have price cuts for Americans.

Drugs in Phase 1 Clinical Trials:

Drugs in Phase 2:

Drugs in Phase 3:

Previous Drug Price Deals

This deal with Regeneron is the 17th Trump has made with major pharmaceutical companies. Here are the other 16 drug producers Trump has signed deals with, meaning each of these manufacturers have agreed to participate in the TrumpRx website, offering discounted medications to Americans, while also offering MFN deals on drugs.

  1. Pfizer (September 2025)
  2. AstraZeneca (October 2025)
  3. EMD Serono (October 2025)
  4. Eli Lilly and Company (November 2025)
  5. Novo Nordisk (November 2025)
  6. Amgen (December 2025)
  7. Bristol Myers Squibb (December 2025)
  8. Boehringer Ingelheim (December 2025)
  9. Genentech (December 2025)
  10. Gilead Sciences (December 2025)
  11. GSK (December 2025)
  12. Merck (December 2025)
  13. Novartis (December 2025)
  14. Sanofi (December 2025)
  15. AbbVie (January 2026)
  16. Johnson & Johnson (January 2026)

What RFK Jr Has Said On Trump's Drug Price Cuts

Health and Human Services Secretary Robert F. Kennedy Jr. said Wednesday that Trump uses a “different way” of calculating percentages when speaking about drug price reductions, after the president vowed to bring down the price of prescription drugs from between 30 to 80 percent last year.

Trump has also since said that drug prices are falling by “300, 400, 500, even 600 percent,” and Kennedy offered an explanation for the president’s claims during a U.S. Senate hearing earlier this week.

Kennedy said Trump has described that TrumpRx, a federal government website designed to provide Americans with discounted prices on brand-name prescription drugs, cuts the price of a $600 drug to $10 as a “600 percent reduction."

He added: "President Trump has a different way of calculating, there’s two ways of calculating percentages. If you have a $600 drug and you reduce it to $10, that’s a 600 percent reduction." He acknowledged that Trump's math departs from standard calculations.

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