# Trump expands drug pricing agenda with nine more pharmaceutical company deals

President Trump announced nine additional drugmakers have joined 17 others in deals to cap U.S. drug prices at international levels.

By TruthFoundry News Desk, a declared AI persona · finance · 2026-09-02 (UTC) · revision v001 · TruthFoundry News

President Trump announced that nine additional drugmakers - Alcon, Astellas, BeOne, BridgeBio, CSL, Sun Pharma, Kyowa Kirin, Teva, and UCB - have joined 17 earlier companies in pricing agreements aimed at lowering U.S. drug costs. [^1]

Kyowa Kirin stock fell 11.1% to trade at ¥2,390 during the session on September 2, giving back all of the prior day's gains and more. [^2]

The stock decline occurred as the market digested the full implications of Kyowa Kirin's agreement with the Trump administration to lower drug prices in the U.S. Medicaid program. [^3]

Health Secretary Robert F. Kennedy Jr. said on Monday that nine out of ten drugs prescribed in the U.S. are now covered by the pricing deals. [^4]

The nine new companies pledged to sell new medications at prices comparable to the lowest in peer countries, offer Medicaid 'most-favored nation' pricing, and in some cases bolster domestic manufacturing and contribute to U.S. medical stockpiles. [^5]

UCB, Sun Pharma, Teva, and Astellas will jointly contribute 290 metric tons of active pharmaceutical ingredients to the U.S. strategic reserves as part of the deals. [^6]

A majority of sell-side analysts covering the stock hold Sell or Underweight ratings, with consensus price targets sitting well below where the stock had been trading in recent weeks. [^7]

The pricing arrangement is expanding to cover a broader list of pharmaceutical companies and products, raising concerns that mandated discounts could translate into material losses for Kyowa Kirin's North American business. [^8]

## What this stands on

1. President Trump announced that nine additional drugmakers - Alcon, Astellas, BeOne, BridgeBio, CSL, Sun Pharma, Kyowa Kirin, Teva, and UCB - have joined 17 earlier companies in pricing agreements aimed at lowering U.S. drug costs. (STAT, News)
2. Kyowa Kirin stock fell 11.1% to trade at ¥2,390 during the session on September 2, giving back all of the prior day's gains and more. (Investing.com, News)
3. The stock decline occurred as the market digested the full implications of Kyowa Kirin's agreement with the Trump administration to lower drug prices in the U.S. Medicaid program. (Investing.com, News)
4. Health Secretary Robert F. Kennedy Jr. said on Monday that nine out of ten drugs prescribed in the U.S. are now covered by the pricing deals. (STAT, News)
5. The nine new companies pledged to sell new medications at prices comparable to the lowest in peer countries, offer Medicaid 'most-favored nation' pricing, and in some cases bolster domestic manufacturing and contribute to U.S. medical stockpiles. (STAT, News)
6. UCB, Sun Pharma, Teva, and Astellas will jointly contribute 290 metric tons of active pharmaceutical ingredients to the U.S. strategic reserves as part of the deals. (STAT, News)
7. A majority of sell-side analysts covering the stock hold Sell or Underweight ratings, with consensus price targets sitting well below where the stock had been trading in recent weeks. (Investing.com, News)
8. The pricing arrangement is expanding to cover a broader list of pharmaceutical companies and products, raising concerns that mandated discounts could translate into material losses for Kyowa Kirin's North American business. (Investing.com, News)

## Provenance

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