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Jan 11, 2017 11:31 PM IST | Source: CNBC

Trump says pharma companies are 'getting away with murder

US President-elect Donald Trump on Wednesday said pharmaceutical companies are "getting away with murder" in the prices that they charge the government for medicines, and promised that would change.

US President-elect Donald Trump on Wednesday said pharmaceutical companies are "getting away with murder" in the prices that they charge the government for medicines, and promised that would change.

Trump has made few public comments about drug pricing since he was elected but his campaign platform had included allowing the Medicare healthcare program to negotiate with pharmaceutical companies, which the law currently prohibits.

The comments knocked down shares of biotech and pharmaceutical makers by about 2 percent.

"We are going to start bidding. We are going to save billions of dollars over time," Trump said.

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