I'm LongbridgeAI, I can summarize articles.President Trump will unveil the TrumpRx website, allowing Americans to buy prescription drugs at lower costs. The announcement is scheduled for 7 p.m. EST and will feature key officials. At least 16 drug manufacturers have agreed to participate, with specifics on drugs and pricing still unclear. The initiative aims to match U.S. drug prices with those of other developed nations, offering significant discounts on medications for chronic conditions. For instance, Bristol Myers Squibb will reduce the price of Reyataz from $1,449 to $217 through TrumpRx.
President Donald Trump is set to officially unveil a new website called TrumpRx on Thursday evening, which his administration says will allow Americans to purchase prescription drugs at lower costs.
White House press secretary Karoline Leavitt said the announcement is scheduled for 7 p.m. EST and will feature Trump alongside CMS Administrator Dr. Mehmet Oz and National Design Studio Director Joe Gebbia.
"This historic announcement will save millions of Americans money," Leavitt wrote on X. "You won’t want to miss it!"
CNN reported that at least 16 drug manufacturers have negotiated agreements with the administration to participate in TrumpRx, but specifics on available drugs and pricing remain unclear.
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President Donald Trump speaks in the Oval Office of the White House in Washington, D.C., on Tuesday, Sept. 30, 2025. (Francis Chung / Politico/Bloomberg via Getty Images / Getty Images)
The White House announced in December that Trump had reached agreements with nine major pharmaceutical companies, including Amgen, Merck, Novartis, Sanofi and Bristol Myers Squibb.
The move was aimed at lowering prescription drug prices in the U.S. to match the lowest prices paid by other developed nations.
Several drugs listed in the White House announcement included high-cost medications used to treat diabetes, asthma, HIV, hepatitis C, multiple sclerosis and cardiovascular disease.
TrumpRx.gov signage in the Oval Office of the White House in Washington, D.C., on Friday, Oct. 10, 2025. (Shawn Thew / EPA/Bloomberg via Getty Images / Getty Images)
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Under the agreements, the companies committed to offering steep discounts on a range of medications for chronic and costly conditions, with some drugs sold directly to consumers at reduced prices through TrumpRx.
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For example, Bristol Myers Squibb will reduce the price of its HIV medication, Reyataz, from $1,449 to $217 for patients purchasing directly through TrumpRx, and Merck will reduce the price of its diabetes medication, Januvia, from $330 to $100.
The administration said the deals were expected to save Americans billions of dollars while expanding access to lower-cost medications.