14 May 2018

Trump 'threatening' over pharmaceuticals - Erik Monasterio

From Morning Report, 7:25 am on 14 May 2018

US President Donald Trump has announced a revamp of the American pharamceutical industry, and the change could hit here. Mr Trump says foreign countries are paying "a tiny fraction" of what medicine costs in the States and as a result America is bearing the brunt of research and development costs. Last month the president signalled he might want to re-join the Trans-Pacific Partnership. It's possible America would argue for New Zealand's drug buyer Pharmac to have less negotiating power with the big companies. Pharmac wouldn't comment referring us to the Ministry of Foreign Affairs and Trade, but MFAT referred us back to Pharmac. Dr Erik Monasterio is the spokesman for Doctors for Healthy Trade. He talks to Guyon Espiner.